Headline Inflation Falls in September to Ease More Interest Cuts

Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and chart ...

Egypt’s July Headline Inflation Dips to Four-Year Low

Egypt’s annual headline inflation rate had fallen to a four-year low, dipping to 8.7% in July from 9.4% a month earlier, despite the fresh round of subsidy cuts that pushed domestic fuel prices up by 16-30%.

Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various mega ...

June Annual Headline Inflation Hits Lowest Level in 3 Yrs

The Central Agency for Public Mobilization and Statistics (CAPMAS) has indicated that Egypt's annual headline inflation has plummeted to 9.4% in June from 14.1% a month earlier for the first time in 2019 and the l ...

Moody’s Reveals Economic Forecasts for Egypt

US-based credit rating agency Moody's has announced its forecasts for the Egyptian economy, following the government's approval of the budget for the fiscal year 2020.

IMF Board Approves USD 2 bn Tranche to Egypt

The International Monetary Fund’s (IMF's) executive board completed on February 2 the fourth review of Egypt’s economic reform program, allowing the country to draw about USD 2 bn worth of loan, bringing the count ...

German Investments in Egypt Exceed USD 7 bn

German Federal Minister for Economic Affairs and Energy Peter Altmaier has revealed that German investments in Egypt have recorded USD 7.1 bn.

German Minister for Economic Affairs Visits Egypt to Review Country’s Progress

Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier is visiting Egypt from February 2 to 4, accompanied with an economic and parliamentary delegation, attempting to scrutinize the progress ma ...

OECD Raises Egypt’s Rating as Attractive Destination for Investment

The Organization for Economic Cooperation and Development (OECD) has raised Egypt’s rating on the country risk index from level six to five as an attractive destination for investment.

Fitch Solutions Sees Egypt’s Fiscal Deficit Shrinking to 6.4% of GDP by FY 2019/20

Giant financial services provider Fitch Solutions said it anticipates Egypt's fiscal deficit to shrink from an estimated 9.4% of GDP in FY 2017/18 to 7.8% and 6.4% of GDP in FY 2018/19 and FY 2019/20, respectively ...

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