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What the markets are doing on 2 February 2021
We were (kind of?) close to one of the largest ever M&A last year: The CEOs of oil giants Chevron…
Egypt’s current account deficit widens to USD 2.8 bn + tourism revenues mount slow recovery
Egypt’s current account deficit doubled y-o-y in the first quarter of FY2020-2021 to USD 2.8 bn, from the USD 1.4…
Egypt’s GDP to grow 2.8% this FY + IMF is out with a more optimistic global forecast
Egypt’s economy will grow at a 2.8% clip in FY2020-2021, according to a Reuterspoll of economists. This is a downwards…
Egypt in the News on 26 January 2021
The 2011 revolution dominates the conversation on Egypt in the international press this morning: Marking the 10-year anniversary of the…
Can Egyptian equities piggyback on the EM rally?
Are we about to get a piece of this rally in EM equities? Maybe, says RenCap: A strong rebound in…
What we’re tracking on 26 January 2021
Good morning, nice people and welcome to one of the quietest news days we’ve seen in months. No single story…
An industrial shake-up?
Egyptian policymakers need to shake up the country’s industrial sector and put into place a new industrial policy to kickstart…
Slow tourism recovery will weigh on GDP this year, but we’ll bounce back
Egypt’s economy will grow 2.4% this fiscal year “amid sluggish global tourism recovery and weak domestic demand,” but will accelerate…
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