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FX reserves inch up in October
Egypt’s foreign currency reserves inched up USD 24 mn in October, reaching USD 40.85 bn from USD 40.83 bn in…
More inflation ahead thanks to the gas price hike
The global gas squeeze has arrived in Egypt: Operating margins at industrial firms will likely come under pressure in the…
Gov’t really wants us to cut down on imports
Import substitution is back on the Cabinet’s priority list: The government is setting up a new committee on import substitution…
US stocks close at record highs
US stocks close at record highs on strong earnings: US equity markets reached fresh record highs yesterday as the strong…
Edita to kickoff production in Morocco within days, Egypt operation looks to expand bakery capacity in early 2022
Edita’s first production line in Morocco will be up and running within days, IR director Menna Shams El Din confirmed…
Inflation in emerging-markets smashes expectations
Inflationary pressures are building in emerging markets: Inflation in emerging markets has surpassed expectations by the most since 2008 as…
THIS MORNING: CBE confirms it’s a four-day workweek + EgyptAir makes vaccination mandatory for all staff
Good morning, friends, and welcome to another workweek as we start the 75-day countdown until the end of the year.…
Dreamland no longer has beef with the government + branded cotton exports coming soon
Dreamland no longer has beef with state-owned banks: Conglomerate Bahgat Group’s Dreamland Egypt has reached a settlement agreement with state-owned…
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