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Inflation drops to its lowest level since January 2023
Annual inflation in urban areas slowed to 29.8% in January from 33.7% in December
THIS WEEKEND: An econ-heavy week, between new murmurs on the IMF program, an EGP 180 bn social package, and cooling inflation
Good morning, folks, and happy Friday. We don’t know about you all, but we’re quite relieved the weekend is finally…
THIS EVENING: Inflation cools in January, falls to 11-month low
Happy THURSDAY, friends. It’s a relatively busy end to the week as we jump headfirst into the weekend. THE BIG…
The government’s fresh wage, pension hikes were talk of the town yesterday
The economy is back on the airwaves after President Abdel Fattah El Sisi unveiled an EGP 180 bn package of…
El Sisi announces EGP 180 bn package of wage hikes, pension increases, and tax breaks
The measures include a minimum wage hike for the public sector and a new income tax cut
Devaluation, the IMF package, and Ras El Hekma: Here’s what you need to know this morning
There’s a lot of chatter, but nothing concrete on any of those fronts
FX reserves see slight uptick in January
The country’s reserves inched up to just under USD 35.25 bn by the end of January
Non-oil private sector remains in contraction as inflation weighs on demand, dims business confidence
Egypt’s PMI fell to a three-month low of 48.1 from 48.5 in December
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