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Current account narrows in FY 2021-2022 despite turbulence
Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports,…
The Saudis have arrived
The Saudi sovereign wealth fund acquired minority stakes in four EGX-listed companies for USD 1.3 bn yesterday, the Planning Ministry…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
THIS MORNING: FDI up in 3Q 2021-2022 + US-China relations could hit a new low today after Pelosi confirms she’s heading to Taiwan
Happy hump day, wonderful people. It’s a busy news day today — and just a little bit tense as we…
Gov’t has ambitious FDI + export targets this year
Egypt wants to attract USD 10 bn of foreign direct investment during the current fiscal year, Planning Minister Hala El…
Prioritize FDI + exports over hot money, says Maait
FinMin wants to cut reliance on hot money: Egypt needs to focus less on attracting portfolio flows and more on…
Egypt’s FDI might outdo much of the world in 2022
Egypt saw foreign direct investment inflows fall 12% in 2021 but remained the second-largest recipient of FDI in Africa after…
THIS EVENING: Egypt was the second largest recipient of FDI flows in Africa last year + US equities seesaw amidst expected rate hikes
Good afternoon, ladies and gentlemen, and welcome to the limbo issue, as all eyes are eagerly awaiting the results of…
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