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Logistics (MENA) 
Auto sales at their highest level in a year in September
Passenger car sales drove the continued rebound
Our net foreign assets position deteriorated in September
The country’s net foreign assets positions approached record highs in September
Last Night’s Talk Shows on the conflict in Gaza and its effect on Egypt’s economy
Economist Medhat Nafei told El Hekaya that war will set us back USD 2.6-3.6 bn this year
Analysts split on Egypt interest rate path ahead of central bank meeting
Analysts pointed to rate hikes losing their ability as a policy tool to calm inflation as a reason behind their…
Citigroup turns bullish on Egyptian debt
The bulge bracket bank thinks our geopolitical importance and an accelerating privatization program mean it’s time to take a punt…
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
No ceasefire in sight + S&P downgrades Egypt’s sovereign credit rating to B- from B.
Good morning, friends. We hope this Friday treats you well. Our week’s business news cycle has been bearish as the…
S&P cuts three local banks credit rating days after downgrading sovereign rating
The rating agency cut Egypt’s sovereign credit rating deeper into junk last week due to the increasing FX shortage and…
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