• Thursday, 19 January 2023

    Tourism revenues projected to hit record high in 2023

    Egypt’s tourism revenues will rise almost 20% in 2023 as more people visit the country on the back of a weaker EGP and the easing of covid-era travel curbs. Fitch Solutions forecasts revenues to reach a record high USD 13.6...
  • Tuesday, 20 April 2021

    Egypt among 3 MENA countries to see pre-covid growth rates in 2021: Fitch

    Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021, buoyed by expectations of a strong rebound in the oil and gas and tourism industries this year, Fitch Solutions analysts said at...
  • Monday, 11 January 2021

    A little bit limp

    Annual urban headline inflation dropped to 5.4% in December from 5.7% in November, according to figures released Sunday by state statistics agency Capmas (pdf) and the central bank (pdf). On a monthly basis, prices fell at their quickest pace since...
  • Wednesday, 18 November 2020

    How can SMEs get around expensive office space?

    Where’s the market for affordable office space for small and mid-sized businesses? The challenge of finding affordable and licensed office space (note those two key words) bedevils many a small business owner. While larger businesses can weather expensive rents in...
  • Monday, 9 November 2020

    Egyptian economy to grow 4% on average each year until 2024 -Fitch

    Egypt is on track to grow at an average 4% clip over each of the coming four years, which would give it the MENA region’s highest real GDP growth rate between 2020 and 2024, according to Fitch Solutions’ monthly MENA...
  • Monday, 6 July 2020

    Egypt’s passenger car sales to shrink by over 8% this year -BMI Research

    Passenger car sales are forecast to shrink by over 8% this year after having been expected to grow by 9.2% prior to the coronavirus, Fitch Solutions’ BMI research said in a report (paywall) on the market in Egypt picked up...
  • Wednesday, 10 June 2020

    Your top infrastructure stories of the week

    Your top infrastructure stories of the week: Five cement factories could close this year as covid-19 compounds sector’s woes, officials and analysts told Reuters.Egypt’s construction sector will become the largest in the region by 2029 in terms of value, Fitch...
  • Sunday, 7 June 2020

    Egypt’s construction sector to top the region in 2029 -Fitch

    Egypt’s construction sector will become the largest in the region by 2029 in terms of value, Fitch Solutions’ BMI research said in a report summed up by cabinet’s Information and Decision Support Center (IDSC). The sector is projected to grow...
  • Tuesday, 22 October 2019

    Fitch forecasts 50 bps rate cut in November MPC meeting

    Fitch Solutions expects the CBE to cut interest rates by 0.5% before the end of the year, and 1.5% in 2020, Masrawy said, citing a report. The data vendor arm of the ratings agency said that easing inflation and the...

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