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More than a spoonful sugar to help the medicine go down
Gov’t announces EGP 130 bn in tax incentives + brings forward social safety measures following rate hike and devaluation: Fresh…
Gov’t lowers FY 2022-2023 budget targets as Ukraine conflict strains finances
FinMin trims budget targets as Ukraine conflict weighs on state finances: The Finance Ministry has revised downwards its fiscal targets…
IMF program + rate hikes in the cards as Ukraine war pressures budget -Fitch
Fitch sees new IMF program, rate hike as Ukraine conflict raises pressure on gov’t finances: Lower tourism inflows, higher food…
The Russia-Ukraine war will curb our economic growth and hit the budget –IMF
In case Ahmed Kouchouk’s warning wasn’t enough, the IMF also thinks emerging markets including Egypt will need to hedge against…
FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
Remittances hit record high in 2021
Remittances from Egyptians abroad rose 6.4% in 2021 to a record high of USD 31.5 bn, according to central bank…
Signs of progress in peace talks as Nato issues warning to Moscow
Ukraine, Russia negotiators signal progress in peace talks: Peace negotiations between Russia and Ukraine could be showing signs of progress,…
Rising food prices push Egypt inflation rate to 31-month high in February
Headline inflation reached a 31-month high in February as rising global prices caused the cost of local food items to…
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