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Global growth to slow to 2.7% next year -OECD
Excluding 2020, this would be the slowest rate of growth since the global financial crisis
Export subsidies to be paid out today + Apple to start charging 14% VAT through Egypt App Store
Tax amendments require non-resident service providers like big tech firms to pay VAT
Turkey is moving to a flexible exchange rate as gov’t adopts ‘rational’ economic policies
The currency fell more than 7% yesterday
THIS MORNING: The EGP is a few pips away from hitting a record low; OECD slashes global growth forecasts + the UAE just eased covid restrictions
Good morning, wonderful people, and happy hump day to you all. Global markets are feeling a bit choppy this morning,…
Egyptians can visit Bulgaria with no covid paperwork + FRA joins financial literacy group
Fancy a trip to Bulgaria? It’s now sans-covid paperwork. Starting today travelers arriving to Bulgaria from Egypt no longer have…
Global inflation could continue rising thanks to Omicron and the never-ending supply chain crisis
A convergence of the new Omicron strain + the shipping crisis could push up global inflation and undermine the post-covid…
TONIGHT: EgyptAir flight to Moscow u-turns + new military chief of staff named + minimum corporate tax plan coming in the US Senate and Sudan updates.
It’s another busy day as we wind down from the last work week of October, ladies and gentlemen. Heading into…
OECD to support structural econ reform through three year program
Prime Minister Moustafa Madbouly signed an MoUwith OECD Secretary-General Matthias Cormann for a three-year country program to support Egypt’s structural…
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