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Inflation edges up in February as education, tobacco costs rise
Annual urban inflation accelerated to 4.5% in February, up from 4.3% the previous month, state statistics bureau Capmas’ latest reading…
Have a helping of SDRs
Egypt is among the countries that stand to benefit the most from an IMF proposal to earmark another USD 500…
New foreign business supports Egypt’s private sector, still in “contraction” territory
Non-oil private sector conditions worsened for the third consecutive month in February, but at a milder rate than the past…
Net foreign assets continue rising
Net foreign assets in Egypt’s banking sector inched up 4.1% m-o-m in January to reach USD 17.85 bn, up from…
Egypt’s private sector will lead growth in five years
Private sector investments will take the lead in Egypt’s economy within five years, by which time public investments will be…
First oil and gas auction of ‘21 is also the first to use the new Egypt Upstream Gateway
24 oil and gas blocks up for grabs in the first auction of 2021: The Oil Ministry has kicked off…
Cabinet is getting its three-year priorities in order
A three-year state budget and fiscal policy priority framework will be on the House of Representatives’ agenda when cabinet submits…
Unemployment rate holding (just about) steady
Unemployment in Egypt was virtually unchanged in 4Q2020, dipping only marginally to 7.2% from 7.3% in 3Q2020 and 8% in…
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