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THIS MORNING: Mohamed Omran could be stepping down as FRA chief; EGX has best day since March 2020 on Thursday
Good morning, folks, and welcome to a busy news day. We hope you had a relaxing weekend — and that…
THIS MORNING: UN publishes COP27 schedule + OPEC just agreed to the least significant supply hike ever
Good morning, wonderful people. Once again we’ve made it through the workweek together. It’s been a busy one, for those…
Maait dials down expectations for IMF loan
Maait shoots down talk of a USD 15 bn IMF loan: “That figure is completely inaccurate,” Finance Minister Mohamed Maait…
Only 22% of companies are helping employees cope with rising inflation –Mercer
Only a fifth of Egyptian firms have provided financial support to employees to help them cope with rising inflation, according…
The IMF just sent us a message
IMF wants Egypt to move faster, more decisively on reforms: The IMF yesterday called on the Egyptian government to take…
Inflation slowed in June, but it was probably a one-off
Inflation unexpectedly slowed for the first time in seven months in June as food prices declined for a second month…
Inflation is hurting the private sector
Activity in Egypt’s non-oil private sector recorded its worst performance in two years in June, contracting at a faster pace…
Customs exchange rate raised
Gov’t hikes customs exchange rate: The Customs Authority yesterday raised the USD customs exchange rate to EGP 18.65 from EGP…
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