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What the markets are doing on 17 March 2021
Saudi Arabia’s oil sector is facing its biggest slump in a decade, keeping the kingdom in recession in 4Q2020. Activity…
Meet our analyst of the week: RenCap’s Ahmed Hafez
OUR ANALYST OF THE WEEK- Ahmed Hafez, the head of MENA research at Renaissance Capital (Linkedin). My name is Ahmed…
Remittance inflows survive 2020 despite pandemic
Egypt’s remittance inflows defied expectations to grow more than 10% in 2020 despite the shock of the pandemic, a trend…
Egypt will be back near pre-pandemic growth rates by next year –AfDB
Egypt’s economy will be back near its pre-pandemic growth rate in 2022, coming in at 4.9% compared to the 5.6%…
HSBC confident of Egypt’s prospects, but challenges remain
Egypt is “one of the most compelling economic stories” in the MENA, Africa and Eastern European regions but continues to…
Heavy decision weighing on the CBE next week
Bloomberg thinks Egypt could be among the biggest losers from a commodities supercycle. “As the world’s biggest buyer of wheat…
Good news for economic growth in the second quarter of FY2020-2021
Egypt’s economy grew 2% in 2Q2020-2021, accelerating from 0.7% the previous quarter as the tourism sector contracted at a slower…
What do rising US treasury yields mean for bonds, stocks, and the EGP?
How will rising US treasury yields affect Egypt? The country’s all-important carry trade could come under pressure as emerging-market bonds,…
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