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PMI records “softer but still-solid deterioration” in March
Business activity was more or less unfazed by bigger IMF package, wave of reforms in March: Egypt’s non-oil private sector…
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
Non-oil private sector activity falls to 11-month low on the back of Red Sea disruptions, high inflation
Non-oil private sector activity has been in contraction for more than three years
IMF head lays out the recipe to help the Arab world withstand headwinds
Three courses of action could help the Arab world withstand economic headwinds and uncertainties resulting from geopolitical conflict and crises,…
S&P sees the EGP losing half its value
The rating agency thinks that “more clarity on exchange rate policy would benefit trade and economic growth
A unicorn in the restaurant?
Foodics seeks to become one of the first Saudi players in the industry to debut on Tadawul
Gov’t lowers economic growth target for next fiscal year Plus: Remittances were up again in March
The Madbouly government has cut its 2022-2023 growth forecast to 4.5% from 5.5%, a cabinet statement quoted Prime Minister Moustafa…
S&P, Fitch ratings affirm credit rating at BB, B+, say outlook stable despite Russia-Ukraine war
S&P and Fitch Ratings have both affirmed Egypt’s BB and B+ credit ratings with a stable outlook, despite surging food…
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