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Logistics (MENA) 
World Bank downgrades our GDP growth for FY 23/24 to 3.5%
Economic growth could be further hit by the extension of a regional conflict.
The government’s refugee audit dominated the talk shows last night
Cabinet spokesperson El Homsani told viewers “Egypt embraces everyone and cannot boycott any citizen of a sister country”
The economy dominated the airwaves until the early hours
El Hadidi warned 2024 “may be the most difficult for us economically…whether for people’s pockets, lives, or the government itself,”
FX reserves flat in December
Our total FX reserves now stand at USD 35.2 bn
Currency crunch and supply shortages see PMI flat in December
The country’s non-oil private sector has been in contraction for 37 consecutive months
Current account deficit narrows in 1Q 2023-2024
This is the second quarterly BoP surplus in a row and the third quarterly surplus since 2014
Gov’t unveils six-year strategy to triple FX receipts. PLUS: IMF sees USD trading at 36.83 against EGP through 2028
The government aims to ramp up its foreign exchange inflows to around USD 300 bn a year by 2030
More economy news than you can shake a stick at
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