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IMF praises Egypt’s commitment to reform program
Egypt again telegraphs it won’t be signing up for another IMF loan after drawing down the last of the current…
Expat remittances rise to USD 25.5 bn in 2018, says Central Bank of Egypt
Expat remittances up 3% to USD 25.5 bn in 2018: Remittances from Egyptians living abroad in 2018 rose 3.1% y-o-y…
Government reviews FX rate, oil price at 2018/2019 budget
FinMin sees growth accelerating, forecasts weaker average EGP exchange rate this fiscal year, will budget for oil at USD 67…
Egypt’s FX reserves reach USD 42.616 bn at end-January
Egypt’s net foreign reserves were essentially stable at USD 42.616 bn at the end of January compared to USD 42.551…
Foreign holdings in Egyptian treasuries at USD 13.1 bn by end-Jan
Everything you need to know about the Finance Ministry’s epic presser yesterday — and there is a lot. Foreign holdings…
Non-oil business activity hits lowest levels in more than a year
Non-oil business activity hits lowest levels in more than a year: The Egypt purchasing managers’ index (PMI) contracted for the…
Egypt’s forthcoming constitutional amendments in the limelight again on the airwaves
Possible constitutional amendments were once again in the limelight on last night’s talk shows. We have the full story in…
Egypt’s M2 money supply growth slows to 13.3% in Dec
Egypt’s M2 money supply grew by 13.3% y-o-y in December, slowing slightly from 14% the previous month, CBE data shows.…
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