Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
Logistics (MENA) 
Current account surplus in 4Q as imports fall, tourism revenues rise
Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
World Bank downgrades Egypt growth outlook + says MENA is on an “unacceptably low” growth path
Egypt growth to slow to 3.7% this fiscal year, MENA as a whole will slow to 1.9% in 2023
Moody’s downgrades Egypt’s sovereign credit rating on rising debt fears
The rating agency downgraded the rating to Caa1 with a stable outlook, four notches above default
Egypt must devalue or risk “bleeding” reserves -IMF chief
Kristalina Georgieva suggests there could be news in the coming weeks on when we can expect a review of progress…
Two banks just stepped up overseas FX restrictions
Elab, Ethydco and EDC stake sales could happen by year’s end and ACUD is looking for a global advisor for…
A whole lot of economic updates and downgrades + Presidential nominees rolled in
Good morning, friends. We hope your second consecutive long weekend — but the last one of 2024 — is so…
A rebound in the automotive sector
Sales volumes have plunged since the beginning of 2022 amid headwinds caused by the FX crunch and soaring inflation
Intesa Sanpaolo lowers its 2023 growth forecast for Egypt
The Italian bank is the latest to lower expectations for the country’s growth growth due to the ongoing economic crisis
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