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Industrial investors to get 6-month grace period from late delivery penalties
Gov’t to give industrial investors some breathing room: The Madbouly cabinet approved giving the Industrial Development Authority (IDA) the power…
S&P Global affirms Egypt’s rating on exchange rate flexibility amid IMF, GCC support
S&P Global Ratings has affirmed Egypt’s B credit rating with a stable outlook, saying it expects fresh financial support from…
Economy to grow 4.8% this fiscal year -Reuters poll
The economy could grow more than the gov’t thinks this fiscal year: The economy will grow at a 4.8% clip…
Why China’s population has started to fall — and what that means for the global economy
China’s population decline could spell trouble for the global economy: The Chinese government last week announced that in 2022 the…
Delays to national projects could hit the construction industry
Delays to national projects will challenge construction players whose portfolios aren’t diversified: Earlier this month the government announced new curbs…
It’s sayonara to high-yield CDs at the end of the month
Banque Misr and the National Bank of Egypt are pulling their one-year, 25% certificates of deposit after the end of…
More of the same news on the economy
It was a busier day for Egypt in the international press yesterday, with the spotlight still firmly fixed on our…
Pundits parse El Sisi’s Police Day speech on the economy
The state of the economy — and what got us here — once again got top billing on the airwaves…
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