A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering January 1st to January 8th.
1) Encouraged by Egypt’s economic reforms, foreign holdings of Treasury bills have hit a record EGP 338 billion ($19 billion), up from EGP 532 million in mid-2016, according to Amwal Al Ghad.
2) Egypt’s exports of building materials captured 27 %, representing $5 billion out of total non-petroleum exports in 2016, said Industry and Trade Minister Tarek Qabil, according to Amwal Al Ghad.
3) The Egyptian market capitalization of stocks has risen to $50 billion for the first time since the Central Bank of Egypt (CBE) devalued the Egyptian currency in November 2016, according to Ahram Online.
4) Egypt approves three important international agreements, including $647 million deal with the European Union, according to Ahram Online.
5) Egypt’s foreign reserves increase to $37.019 billion at end of December 2017, according to Ahram Online.
6) Centamin, operator of Egypt’s only commercial gold mine, is targeting to pay some $137 million to the Egyptian Mineral Resource Authority (EMRA) in 2018, according to Amwal Al Ghad.