US-based Fitch Ratings upgraded Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) outlook to Positive from Stable, citing reduced external…
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The Central Bank of Egypt (CBE) is expected to raise key interest rates by 2% (200 basis points) in May,…
This article first appeared in April’s print edition of Business Monthly. Generation Z (Gen Z) — those aged 12 to…
Egypt’s budget for FY2024/2025, exceeding $353.6 billion (EGP 17 trillion), the largest in recent years, will be rolled out on…
This article first appeared in April’s print edition of Business Monthly. Geopolitical tensions in the region over the past couple…
This article first appeared in April’s print edition of Business Monthly. As prices of essentials and non-essentials increase (annual inflation…
The International Monetary Fund (IMF) has reaffirmed its forecast for Egypt’s real Gross Domestic Product (GDP) growth in the current…
The International Monetary Fund (IMF) has maintained its forecast for Egypt’s real gross domestic product (GDP) growth in 2024 at…
Egypt’s real gross domestic product (GDP) growth is expected to decelerate to 2.8% in the current fiscal year 2023/2024, compared…
The European Union (EU) has approved €1 billion in urgent short-term macro-financial assistance to Egypt, aiming to stabilize the country’s…