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Inflation hits new three-year high in July
Inflation resumed its upward trend in July, reaching a fresh three-year high on the back of higher food and fuel…
In a hunt for foreign currency, we’re going to ration electricity
Egypt will begin cutting back on electricity consumption nationwide from next week in a bid to redirect more natural gas…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
Non-oil business activity continues to fall in July — but is inflation beginning to ease?
Activity in Egypt’s non-oil private sector continued to contract at a rapid pace in July as high inflation weighed on…
THIS EVENING: PMI is up, but still in contraction + Chimera MTO for Beltone closes. Plus: OPEC+ pushes through “minuscule” supply increase
Good afternoon, ladies and gentlemen. We told you this morning to expect another busy news day, and so far it…
Maait dials down expectations for IMF loan
Maait shoots down talk of a USD 15 bn IMF loan: “That figure is completely inaccurate,” Finance Minister Mohamed Maait…
Only 22% of companies are helping employees cope with rising inflation –Mercer
Only a fifth of Egyptian firms have provided financial support to employees to help them cope with rising inflation, according…
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