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Egypt won’t need to tap lenders for the time being, says IMF
Egypt does not need additional external financing at the moment thanks to structural policy and fiscal reforms that have course-corrected…
Mohamed Maait headlines the talk shows on 9 June 2021
Finance Minister Mohamed Maait has the Enterprise talk show section all to himself this morning after he dialled in to…
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,…
Growth forecasts are (largely) holding steady
Egypt’s economy is expected to close out the state’s 2020-2021 fiscal year having grown 2.9%, according to a Reuters poll…
Operation tax + spend
Higher tax revenues will be used to subsidize increased government spending in the coming fiscal year, Finance Minister Mohamed Maait…
What the markets are doing on 17 March 2021
Saudi Arabia’s oil sector is facing its biggest slump in a decade, keeping the kingdom in recession in 4Q2020. Activity…
Minimum wage, pension hikes + what to expect from next year’s state budget
The minimum wage for civil servants will be raised to EGP 2.4k from EGP 2k as of the next fiscal…
What the markets are doing on 11 February 2021
Saudi Arabia’s economy continued to rebound from recession in the final quarter of 2020, growing by 2.8% compared to the…
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