Latest Economy News
Egypt’s social spending strives to curb negative effects of reforms
Subsidies FY 2015/16 (billions of EGP) FY 2016/17 (billions of EGP) FY…
Egypt’s ambitious budget signifies further stable economic conditions
A slew of IPOs likely to boost country’s revenues, decrease deficit
Fiscal deficit to come down to 9.5% in FY 2018: FocusEconomics
FocusEconomics expects inflation to average 15.1% in 2018
Egypt main source of 2017 Middle East investments in France: Business France
300 Middle Eastern companies operated in France in 2017, employing over 24,000
Egypt’s annual inflation slows to 13.3% in March, marking lowest level since 2016
Beltone Financial forecasts another 100-basis point interest rate cut on May
AlexBank, Jordan Post sign agreement to enhance remittances service
The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature…
Egypt successfully raises €2bn in eurobond issuance, closes 3.8 times oversubscribed
Egypt successfully closed a €2bn eurobond issuance, the country’s first public bond…
Egypt targets 4% deficit by 2022: El-Garhy
Egypt’s Minister of Finance Amr El-Garhy said that his ministry aims to…
Beltone expects tourism revenues to reach $6.2bn in FY 2017/2018
FY 2017/2018 expected to see reduced CA deficit, normalised portfolio inflows
Egypt’s current account deficit dropped 64% to $3.4bn in H1 FY 2017/18
Improvement was backed by 5% GDP growth in 2017—highest on record since…