A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering March 27th to April 2nd.
The Egyptian Central Bank has cut the deposit rate, the overnight lending rate and the discount rate by 1%, to 16.75%, 17.75% and 17.25% respectively.
The annual headline rate of inflation fell to 14.4% between January 2018 and February 2018, the Egyptian Central Bank has announced.
Statistics released by the Egyptian Central Bank show that GDP grew 5% during 2017, the highest rate of economic growth in seven years.
Egypt is the second most attractive country in Africa for investors, according to Quantum Global’s 2018 Africa Investment Index.
The Egyptian customs exchange will remain at EGP 16 per dollar through April 2018, according to Al-Mal.
Egyptian stocks have recorded their biggest monthly gains since the floatation of the Egyptian pound in November 2016, according to a Bloomberg report.
Egyptian Prime Minister Sherif Ismail has said in a cabinet statement that he expects the economy to grow 5.8% during the 2018/19 financial year, Amwal Al-Ghad has reported.
National Investment Bank Deputy Chairman Mahmoud Montaser has said that seven companies will be made public in the first phase of the government’s IPO strategy, according to Al-Mal.
The Egyptian government is planning to set up an economic free zone in Nuweiba in the South Sinai governorate, Minister of Investment and International Cooperation Sahar Nasr has said, Al-Ahram reports.
Egyptian exported a record €572 million of goods to France in 2017, an annual increase of 36.4%, according to Amwal Al-Ghad.