A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering April 24th to April 30th.
President of the World Bank Jim Yong Kim has lauded the “economic success” of Egypt’s structural reform program, Amwal Al Ghad has reported.
Egyptian Trade Minister Tarek Kabil revealed on Saturday that Egypt’s non-oil exports rose by 15% in Q1 2018 compared with a year earlier, according to Reuters.
$80 billion in foreign capital has entered Egyptian banks since the government floated the Egyptian pound in November 2016, according to Musbasher.
Egypt’s sovereign wealth fund will have an independent balance sheet and will not pay dividends during the first five years, Al Mal has reported.
Kuwait has agreed “in principle” to extend the maturity of $4 billion in deposits to Egypt, according to Reuters.
Foreign investment in the Egyptian Exchange rose from EGP 3.1 billion to EGP 8.7 billion during Q1 2018, Egypt Today has reported.
The Egyptian Ministry of Finance expects inflation to rise “slightly” in July, Vice Minister of Finance Mohamed Maait told Enterprise.
State-owned Banque du Caire will be listed on the Egyptian Exchange by the end of 2018 or early 2019, according to Al Borsa.
The Egyptian and Russian governments will sign an agreement in May to establish an industrial zone in the Port Said region and Suez Canal Economic Zone, Amwal Al Ghad has reported.
A $15.6 billion Sinai development project will be completed by 2022, according to a presidential aide, Reuters has reported.