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Egyptian, Norwegian FMs discuss investment, Palestinian aid
Palestine, investment focus of Egypt-Norway talks: Foreign Minister Sameh Shoukry discussed the Israel-Palestine conflict and bilateral investment with his Norwegian…
FX reserves inch up in August
Egypt’s foreign currency reserves inched up by USD 62.9 mn in August, reaching USD 40.67 bn from USD 40.61 bn…
Can Egypt weather a taper tantrum 2.0?
Egypt’s world-beating real interest rate will help it weather an uptick in global rates, but the country faces some risk…
Egypt’s private sector is responding to rising inflation by buying. A lot.
Egypt’s non-oil private sector shrank again in August, but at a slower pace than in July: Business activity in Egypt’s…
We smashed growth expectations in 4Q2020-2021
Egypt’s economy grew at a 7.7% clip in 4Q2020-2021, accelerating from a contraction of 1.7% during the final quarter of…
Credit Suisse singing our praises, but warns of a fourth wave
Credit Suisse seems optimistic about our post-covid recovery, as the economy shows signs of real growth, t-bills remaining attractive and…
Egypt’s first women’s Islamic choir challenges taboos
The two main headlines from the foreign press this morning: The Economist takes a critical look at Egypt’s foreign policy,…
Egypt gets almost USD 2.8 bn of IMF’s record SDR allocation
Egypt will receive a foreign currency boost equivalent to c. USD 2.8 bn through the IMF’s new SDR allocation, which…
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