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We explain the Unholy Trinity of Macroeconomics
How the policy move today is rooted in macroeconomic reality: ECON 101 teaches us that it is impossible for a…
It’s surprise interest day
Good afternoon, friends, and welcome to a blockbuster, single-story issue of your favorite afternoon read. We don’t normally go heavy…
FX reserves inch up in August
Egypt’s foreign currency reserves inched up by USD 62.9 mn in August, reaching USD 40.67 bn from USD 40.61 bn…
Egypt gets almost USD 2.8 bn of IMF’s record SDR allocation
Egypt will receive a foreign currency boost equivalent to c. USD 2.8 bn through the IMF’s new SDR allocation, which…
Reserves barely inch up in July
FX reserves increase marginally in July: Egypt’s foreign currency reserves inched up to USD 40.61 bn in July from USD…
Credit risk is falling in the banking sector
An improving operating environment since 3Q2020 has eased pressure on Egyptian banks’ credit profiles and ratings, according to a Fitch…
Suez receipts rise in April following Ever Given debacle
Suez Canal revenues rose almost 16% y-o-y in April, coming in at USD 551.5 mn from the USD 476.2 mn…
Egypt’s GDP is on track to grow 4.2% in 2021 –RenCap
Renaissance Capital revised upwards its projections for Egypt’s GDP growth to 4.2% in 2021, driven by growth in transport, tourism,…
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