• Monday, 12 July 2021

    Egypt’s external debt jumps in 3Q 2020-2021

    Egypt’s external debt jumped by 21% in 3Q2020-2021 to USD 134.8 bn, compared to USD 111.3 bn in the same period in the previous fiscal year, according to central bank figures released yesterday. On a quarterly basis, external debt increased...
  • Tuesday, 6 July 2021

    Emerging-market equities poised for a strong 12 months?

    Emerging-market equities could gain 15% in the next 12 months, Sean Taylor, chief investment officer for Asia Pacific and head of EM equities at DWS Group, tells Bloomberg (watch, runtime: 4:27). Globally, equities have had a strong run during the...
  • Tuesday, 29 June 2021

    EBRD is a bit more optimistic about our growth prospects

    Egypt’s economy to grow 4.5% in FY2021-2022, says EBRD in June update: The European Bank for Reconstruction and Development (EBRD) sees economic growth in Egypt slowing down to 2.5% in the state’s ongoing fiscal year, which ends on 1 July,...
  • Wednesday, 2 June 2021

    Are we there yet?

    Egypt is expected to (almost) match its pre-pandemic growth level in this final quarter of the state’s current fiscal year. The economy is penciled in to grow 5.2-5.5% this quarter, which wraps up on 31 June, according to figures Planning...
  • Monday, 15 March 2021

    Remittance inflows survive 2020 despite pandemic

    Egypt’s remittance inflows defied expectations to grow more than 10% in 2020 despite the shock of the pandemic, a trend that may have been fuelled by the return of expats and high-interest savings products offered by banks, analysts tell us....
  • Sunday, 28 February 2021

    Egypt’s private sector will lead growth in five years

    Private sector investments will take the lead in Egypt’s economy within five years, by which time public investments will be gradually tapered off, Prime Minister Moustafa Madbouly said at a webinar hosted by AmCham and the Egypt-US Business Council on...
  • Monday, 4 January 2021

    What the markets are doing on 4 January 2020

    We may see more caution in early 2021 valuations of emerging market stocks, bonds and currencies amid uneven covid-19 recovery rates in developing economies and suggestions of MSCI exuberance, Bloomberg reports. But with central bank stimulus and vaccines on the...
  • Thursday, 24 December 2020

    Covid: The gift that keeps on giving

    The global collapse of the tourism trade continued to weigh on economic growth in 1Q2020-2021: Egypt’s economy grew only 0.7% during the first quarter of FY 2020-2021 and probably would have expanded at a 2.7% clip if it weren’t for...
  • Wednesday, 9 December 2020

    Egypt’s macro picture in 2021, according to Beltone

    Egypt’s macro picture in 2021, according to Beltone: The coming 12 months will be characterized by solid economic growth, low inflation and strong investor appetite for Egyptian debt, Beltone Financial said in its annual Macro and Strategy research note. Stimulus...

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