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Central bank to leave rates on hold despite Fed tightening
The Central Bank of Egypt will likely leave interest rates on hold when it meets this Thursday despite forecasts for…
Egypt bucks the trend as IMF downgrades global growth
The IMF downgraded its projection for global growth in 2022 to 4.4% in its World Economic Outlook update, down 0.5…
Budget deficit widens to 3.9% in 1H2021-22
Egypt’s budget deficit stood at 3.9% in 1H2021-2022, widening from 3.6% in the first half of last fiscal year, Finance…
Primary surplus falls y-o-y in 1H2021-2022
Egypt generated a EGP 3.2 bn primary surplus in 1H2021-2022, Finance Minister Mohamed Maait said during the weekly cabinet meeting…
THIS EVENING: Egypt registers EGP 3.2 primary surplus in 1H2021-2022 + South Korea’s President is in Cairo + UK inflation hit highest rate in three decades
Good afternoon, wonderful people. It’s been a pleasantly relaxing day for news after the insanity of this morning, so we…
Last Night’s Talk Shows: Madbouly talks GERD, the military economy + Egyptian-US relations in rare BBC interview
Madbouly talks GERD, the military economy + Egyptian-US relations in rare BBC interview: In a wide-ranging interview, Prime Minister Moustafa…
Talking heads discuss GERD, the death of Wael Elebrashy and covid-19
GERD returned to the nation’s talk shows last night after the Ethiopian government announced plans to clear 17k hectares of…
Good news on the economy front: The World Bank thinks we’re going to grow faster this year
The World Bank has revised upwards its prediction for Egypt’s GDP growth by 0.5 percentage points to 5.5% for FY2021-2022.…
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