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IMF ups its growth forecast for FY 25-26 to 4.7%
Good morning, friends. We have reached mid-week and the news flow has taken a breather…
World Bank maintains Egypt’s growth forecast for FY 2025-26 at 4.3%
Growth is projected to accelerate to 4.8% in the next fiscal year
World Bank maintains Egypt’s growth forecast for FY 2025-26 at 4.3%
Growth is projected to accelerate to 4.8% in the next fiscal year
Standard Chartered bullish on EGP + growth
The bank now expects the USD/EGP to reach 47.5 by the end of 1Q 2026…
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…
Don’t let the 49.8 PMI headline fool you as output continues to rise
The country’s headline PMI figure in January slipped 0.4 percentage points to 49.8
Non-oil private sector activity hits quickest pace in five years
Good morning, folks, and welcome to the weekend. We wish you well-deserved days of rest…
Non-oil private sector activity sees fastest growth in five years
Activity now sits comfortably above the 50.0 threshold that separates growth from contraction
Non-oil private sector activity hits quickest pace in five years
Good afternoon, folks, and welcome to the home stretch. It’s still a slow one in…
Central Bank of Egypt resumes easing cycle with 100 bps rate cuts in line with expectations
The central bank cited easing inflation and an improved outlook for its move
Egypt’s inflation eases in January, clearing the path for rate cut tomorrow
Monthly inflation rose to 1.2%, primarily triggered by a 2.3% increase in food and beverage…
Majority of analysts polled by EnterpriseAM forecast rate cuts, citing the end of the central bank’s crisis management phase
Of the 11 analysts we surveyed, nine are calling for an immediate reduction in the…
Gov’t to hold electricity prices steady to anchor inflation
Good afternoon, friends. It’s another relatively quiet day in the press. In much-welcome news, we…
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
Suez Canal uncertainty claims its first major infrastructure casualty
Good morning, friends, and a happy Thursday to you all. Closing out this week’s set…
Sarwa Ins. becomes the first insurer to get the green light to issue and activate title ins. policies
Plus: cabinet expands subsidized loan program, China’s Guide Automotive Technology to establish EV factory, Aman…
The US wants American companies to invest in Egyptian ports, but geopolitics, not economics, seems to be driving the push
Morning all, and welcome to a brand new month. We kick off the second month…
World’s largest producer of specialty phosphorus chemicals signals Egypt mining pivot with USD 2 bn Golden Triangle hub
While Egypt holds one of the world’s largest phosphate reserves, it has historically functioned as…
Tourism
FinMin eyes EGP 250 bn funding injection for key growth sectors
Good afternoon, friends, and congratulations on making it to the weekend. It’s been a busy…
Connectivity concerns at the New Capital start to ease with regular international flight service
Air Cairo will operate six weekly flights from the New Capital to Jeddah
Serenity commits EGP 5 bn to professionalizing the Egyptian afterlife
Plus: Qalaa reports 2Q earnings, EBank completes EGP 3.8 bn tourism divestment
AFP on the risk of overtourism in Siwa
AFP warns that the influx of visitors to Siwa risks eroding the cultural and ecological…