economy Archives

Sovereign sukuk sale coming in 2H FY2021-2022

Egypt is preparing to issue its first tranche of sovereign sukuk in the second half of FY 2021-2022, Finance Minister…

Most of the talking heads were focused yesterday on the nation’s medium-term fiscal targets, which were announced over the weekend…

The government is targeting a 6% inflation rate in FY2021-2022, down from 13.3% in 2018-2019, under its medium-term fiscal plans,…

Remittance inflows from Egyptians working abroad rose almost 50% in May to USD 2.6 bn, up from USD 1.8 bn…

Good morning, friends — we hope hump day has been kind to you. The news day has been reasonably kind…

The Egyptian economy could lose as much as EGP 31 mn in potential daily revenues if the country remains on…

Egypt’s unemployment rate was largely flat in 2Q2021 at 7.3%, improving just 0.1 percentage points from the preceding quarter, according…

Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab Monetary Fund (AMF) approved in…

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