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Gov’t lowers FY 2022-2023 budget targets as Ukraine conflict strains finances
FinMin trims budget targets as Ukraine conflict weighs on state finances: The Finance Ministry has revised downwards its fiscal targets…
FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
Tourism recovery + gas exports driving 5.5% growth this fiscal year -World Bank
World Bank says tourism rebound, gas exports driving strong growth in Egypt: The World Bank has laid out the drivers…
Fitch Ratings affirms Egypt’s long-term FX issuer default rating at B+; outlook stable
Fitch Ratings affirmed Egypt’s long-term foreign-currency issuer default rating (IDR) at ‘B+’ with a stable outlook on Wednesday. The rating…
Egypt’s budget deficit is expected to narrow to 6.3% of GDP –IMF
Egypt’s budget deficit is still expected to narrow by the end of the current fiscal year, but will shrink at…
THIS EVENING: Egypt, Greece to build subsea cable + High-speed rail line is on “fast track.” ALSO: Flames put out at El Gouna Film Festival Venue
…and that’s a wrap on what has felt like a particularly long Wednesday, ladies and gentlemen. We’ll be back in…
Oil price drop hits Kuwait’s finances + Nike and Adidas face supply chain crisis
Kuwait in trouble after oil price drop: Kuwait’s budget deficit almost tripled last year as the 2020 oil price crash…
Egypt among the most vulnerable EMs to higher refinancing costs –S&P
Egypt, South Africa, Ghana and Kenya are the four emerging markets that could suffer the most from higher sovereign debt…
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