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Fitch Ratings affirms Egypt’s long-term FX issuer default rating at B+; outlook stable
Fitch Ratings affirmed Egypt’s long-term foreign-currency issuer default rating (IDR) at ‘B+’ with a stable outlook on Wednesday. The rating…
Egyptian economy to grow 5.1% this fiscal year -Reuters poll
Growth of the Egyptian economy will continue to accelerate in FY 2021-2022, expanding at a 5.1% clip before climbing to…
Uneven post-covid recovery threatens MENA regions –IMF
The post-covid recovery in Egypt and MENA continues to be “uneven and incomplete” despite progress made in the region since…
FDI surges globally, but emerging markets are lagging
Global foreign-direct investment (FDI) flows staged a strong comeback in 1H2021, jumping 78% y-o-y, according to the United Nations Conference…
New business incentives are in the works at the Finance Ministry — here’s the rundown from Vice Minister of Finance Ahmed Kouchouk
EXCLUSIVE- FinMin has a few incentives in the works for the private sector: Growing Egypt’s tax base has always been…
El Sisi says Egypt needs a more effective, more digitized welfare system
President Abdel Fattah El Sisi has called for a modernized, digitized ration card program, saying the government has long struggled…
Egypt’s balance of payments flips to surplus in 2020-2021, current account deficit rises
Egypt’s balance of payments flipped to a surplus of USD 1.9 bn in the state fiscal year ending 30 June…
Egypt’s budget deficit is expected to narrow to 6.3% of GDP –IMF
Egypt’s budget deficit is still expected to narrow by the end of the current fiscal year, but will shrink at…
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