A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering July 25 to July 30.
Finance Minister Mohamed Maait has said that the interest payments by the Egyptian government rose by 38.3% year-on-year during fiscal year 2017/2018. (Zawya)
The Central Bank of Egypt (CBE) has issued LE16.2 billion in treasury bills on Sunday. (Egypt Today)
Egypt’s budget deficit in the FY 2017/18 recorded 9.8% of GDP down from 10.9% in the previous FY, according to the Ministry of Finance. (Al-Ahram)
Egypt’s economy will grow 5.2% in the fiscal year that began in July, economists said in a Reuters Poll. (Reuters)
Sarie-Eldin, PwC, Baker Mckenzie are selected to advise cabinet on regulations governing the country’s EGP200 billion sovereign wealth fund. (Al-MAl)
Egypt plans to scrap automotive directive, aiming at growing the domestic auto industry by granting local assemblers incentives to move further up the value chain to manufacturing. (Enterprise)
The country aims to raise 8-10 billion Egyptian pounds ($450 million to $560 million) from floating shares in state-owned companies in FY 2018/19. (Reuters)
Foreign holdings of Egyptian treasuries stood at $17.5 billion at the close of the fiscal year at the end of June. (Reuters)