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New civil servants minimum wage gets nod from cabinet, still no word on private sector floor
Cabinet greenlit bringing the minimum wage increase to EGP 2.4k from EGP 2k for civil servants into effect at the…
Egypt’s GDP is on track to grow 4.2% in 2021 –RenCap
Renaissance Capital revised upwards its projections for Egypt’s GDP growth to 4.2% in 2021, driven by growth in transport, tourism,…
What the markets are doing on 17 May 2021
Global remittance flows have held up in the face of the pandemic: Remittances to low- and middle-income countries fell only…
About those Russian flights …
The resumption of Russian flights to Egypt’s Red Sea resort towns may be further away than previously thought after Moscow…
Inflation slows unexpectedly in April
Annual urban headline inflation slowed in April against expectations, shrugging off rising global commodity prices thanks to a favorable base…
TONIGHT: US pipeline crisis continues; global metal prices surge; Doge on the moon.
Well, that news slowdown about which we were whining this morning? It didn’t last. THE BIG STORY THIS AFTERNOON is…
It’s report card season
The IMF is expected to wrap its second and final review of its year-long USD 5.2bn standby loan program by…
S&P gives Egypt a thumbs-up
S&P Global Ratings has affirmed Egypt’s sovereign credit rating at B with a stable outlook despite the disruptive impact of…
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