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THIS MORNING: Eye on inflation ahead of central bank interest rate meeting + a crazy-busy news day
It’s one heck of a busy news day today, wonderful people, so let’s jump right in and get this show…
Rising inflation weighs on private sector activity in November
Egypt’s non-oil business activity shrank “moderately” during November, with a closely followed gauge of business conditions unchanged from the month…
Gov’t wants to raise Africa exports to USD 7 bn in 2022
More African exports ahead: The government wants to increase the value of exports to Africa to USD 7 bn in…
Egypt’s remittance inflows on track to hit record high this year + outpace MENA peers
Remittance inflows to Egypt are on course to hit a record high this year as higher oil prices and the…
Egypt economy grows at fastest pace in 2 decades in 1Q
Egypt’s economy grew at its quickest pace in two decades in 1Q 2021-2022, as it continued to rebound from last…
AIIB approves USD 360 mn loan to support Egypt’s post-covid economy
We’re getting a USD 360 mn loan from AIIB: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has approved a USD…
Gov’t upgrades 2021-2022 growth forecast
The government is predicting growth of 5.6% in the current 2021-2022 fiscal year, Planning Minister Hala El Said said at…
“Marked” improvement in investor confidence in Egypt -EFG’s Awad
Investor confidence in Egypt is showing a “marked improvement,” EFG Hermes Group CEO Karim Awad said at EFG Hermes’ Egypt…
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