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Wednesday, 8 July 2020

Egypt in the News on 8 July 2020

For the first time in a long time, business and the economy are leading the conversation on Egypt in the foreign press. Bloomberg looks at the uptick in recent unemployment figures and a Capmas survey showing falling household income, saying that while the outlook for the economy is improving as covid-19 restrictions are lifted, policymakers need to “translate” these gains into an improved labor market. Elsewhere, the CFA Institute looks at how ongoing economic and structural reforms have helped “steady the nerves of foreign investors” in Egypt’s financial markets.

The fraught GERD negotiations are continuing to receive plenty of attention: The Financial Times and the Times both take stock of recent events as Ethiopia prepares to fill the Nile dam amid deadlocked negotiations.

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