Data
Egypt’s BoP swings to a USD 2.8 bn surplus in FY 2025/26 as FDI covers most of a wider current account gap
The IMF upgraded Egypt’s GDP growth projections but sees current account deficit widening at 4.4%…
Egypt’s economy grew 5.1% in FY 2025/26, beating the IMF’s forecast
Good morning, folks. Today we’re minding the gap between what’s planned on paper and what’s…
Business confidence hits four-year high in July, even though PMI stays in contraction
Softer price pressures lifted expectations, but firms kept cutting output, jobs, and purchases as order…
IMF board signs off on seventh review, clearing USD 1.8 bn disbursement
With USD 1.8 bn arriving tomorrow, the government has until December to clear the final…
Current account deficit narrows to USD 15.4 bn in FY 2024-25
The non-oil trade deficit widened to USD 37.1 bn during the fiscal year
Current account deficit narrows to USD 13.2 bn in 9M 2024-25
The non-oil trade deficit widened to USD 28 bn during the nine-month period
Current account deficit rises to USD 11.1 bn in 1H FY 2024-2025
The trade deficit rose to 47.4% during the period
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant…
Egypt’s PMI holds at 47.2 in October, but output and new orders fall at their fastest pace in four months
Good morning, lovely people, and happy almost-weekend. In today’s issue, we have a fee coming…
Egypt’s PMI holds steady in October
Here are the stories driving the day, both at home and abroad. Egypt’s non-oil Purchasing…
Non-oil private sector hits 3.5-year low in June as conflict weighs on demand
The headline reading dropped to 46.0 from 47.1 in May — the sixth consecutive month…
Non-oil PMI ticks up to 47.1 in May, but selling-price inflation surges
A modest pickup in activity masks intensifying cost pressures, with firms hoarding inventories, shedding jobs,…
Petrojet will build the USD 170 mn pipeline carrying Cypriot gas to Damietta for export
Good morning, lovely people. The biggest IPO the EGX has seen in at least a…
Banque du Caire’s retail book closed 27x covered, days before trading
Good morning, friends, and happy almost-weekend. We’ve all been wondering lately: where does the money…
Importers say FX is flowing, but a weaker EGP, bank fees, and port charges are lifting costs
Importers call for emergency customs measures to cut port costs, while traders mark up food…
Analysts expect CBE to hold rates on Thursday, with some warning a hike is back in play
Analysts see enough of a real-rate cushion to wait out the EGP’s slide, and some…
Foreign reserves increase to USD 50.2 bn in November
PLUS- El Garhy Investment and Development Group upped its stake in EGX-listed Arab Developers Holding
Foreign reserves increase by USD 387 mn in April to USD 48.1 bn
Net foreign reserves have increased by USD 12.8 bn since the Ras El Hekma agreement…
It’s day two of the EFG Hermes One on One in Dubai
Good morning, wonderful people. We have an absolutely packed issue for you this morning in…
Net foreign assets rise for a second month, hitting USD 10.2 bn in February
A narrower deficit at commercial banks helped lift the sector’s external position
Suez Canal
Maersk tells the SCA it hopes to have all its services back on the Suez Canal by March 2027
Good morning, friends. All that glitters isn’t gold on the consumer finance front. The FRA…
Egypt, Russia discuss starting work on Russian Industrial Zone at Ain Sokhna
Plus: Egy Stone’s board approved a fair value of EGP 9.06 a share and is…
Maersk back by March
Here are the stories driving the day both at home and abroad. Maersk expects all…
The EGX’s first single-stock futures have completed their first full lifecycle
Good morning, nice people. We are heading into the weekend with an issue all about…
Tourism
ADD Properties secures USD 265 mn syndicated loan led by the EBRD for its Giza hotel
The EBRD has arranged the USD 265 mn syndicated loan for ADD Properties’ new Grand…
Beltone’s new B-Torohat fund aims to ride Egypt’s busiest IPO run in years
Plus: Egypt’s SPAC pipeline grows as four companies eye blank-check listings
Pickalbatros closes USD 250 mn sustainability-linked package from IFC, Attijariwafa for Morocco expansion
The Egyptian group now runs nine hotels and more than 2.7k rooms in Morocco
Hyde Park buys 415 feddans of historic Dream Land land in 6th of October City
Plus: UDF awarded a 20-year usufruct to Ananea Hotels & Resorts and Beit El Qahira…