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World Bank sees Egypt economy growing 4.5% in 2021-2022, down a bit from earlier projection
The World Bank has downgraded its growth projections for the Egyptian economy in the coming fiscal year, citing “sluggish” activity…
Goldman says CBE could cut rates this month + reserves were up in May
The Central Bank of Egypt (CBE) can afford to cut rates by as much as 50 bps at its meeting…
Current account under the spotlight as economy continues to recover from covid
Remittances to Egypt rose 10% y-o-y in the first five months of 2021, Planning Minister Hala El Said said in…
PMI outlook brightens, but remained in contraction territory last month
Activity in Egypt’s non-oil private sector contracted for a sixth consecutive month in May, but at a slower rate as…
Tourism sector just got a five-month breather from the corona tax
Corona tax freeze for tourism companies: Companies in the struggling tourism sector are being given some breathing room after the…
It’s good news / bad news from the OECD
The OECD is out with its latest global economic outlook — and there’s good news and bad news. The good…
Are we there yet?
Egypt is expected to (almost) match its pre-pandemic growth level in this final quarter of the state’s current fiscal year.…
Foreign investors are still buying our treasuries
FROM THE DEPT. OF GOOD NEWS- Foreign holdings of Egyptian treasury bills jumped to USD 20.8 bn (c. EGP 327…
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