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Inflation continues to dampen business activity in April
Egypt’s non-oil private sector continued to contract in April, buffeted by inflation that has been turbocharged by the war in…
More from El Sisi’s economy speech: Growing the EGX, support for local industry + cutting public debt
More on the Sisi administration’s plans to boost the economy: The state’s plan to attractUSD 40 bn in fresh investment…
Egypt’s budget deficit narrowed in 9M2021-2022 + nothing will be left to rot in port over an L/C
Egypt’s budget deficit narrowed to 4.9% of GDP in the first nine months of FY 2021-2022, from 5.4% in the…
Inflation could hit 17% this year on the back of the devaluation, food prices –Goldman
Inflation could rise to 17% this year, “but most of it is transient,” says Goldman Sachs: Inflation could climb as…
Support talks with IMF reach technical stage as lender pinpoints key reforms + The Fund expects uneven recovery in the Middle East
Talks between Egypt and the IMF on a fresh support package have reached the “technical stage,” Jihad Azour, the multilateral…
IMF expects slimmer narrowing of Egypt’s budget deficit this fiscal year
Egypt’s budget deficit is expected to narrow to 6.8% by the end of the current fiscal year, the IMF said…
S&P, Fitch ratings affirm credit rating at BB, B+, say outlook stable despite Russia-Ukraine war
S&P and Fitch Ratings have both affirmed Egypt’s BB and B+ credit ratings with a stable outlook, despite surging food…
IMF upgrades Egypt’s GDP growth in 2022 despite a “significant slowdown” globally
The IMF has cut its global GDP forecast for this year and the next as surging inflation and economic fallout…
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