A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering September 25 to October 1.
The Central Bank of Egypt has voted to keep interest rates unchanged, leaving the deposit and lending rates at 16.75% and 17.75% respectively, according to an official statement.
The Ministry of Finance cancelled an auction for 5 and 10-year bonds on September 24 due to high yields demanded by investors, according to Reuters.
The Egyptian government will ask JPMorgan Chase to include Egyptian bonds in its emerging-market bond index in order to increase international investment into its domestic debt market, Bloomberg reported.
Egypt will maintain its current customs exchange rate of EGP 16/$1 from the beginning of October, according to Amwal Al Ghad.
Cairo for Investment and Real Estate Development’s (CIRA) initial public offering of 14.5 million shares was 18.9 times oversubscribed, traders reported, according to Reuters.
Companies are now required to submit electronic tax returns as of October 1, the Ministry of Finance has announced.
Egypt has received the final $500 million tranche of the $1.5 billion loan from the African Development Bank, Reuters reported.
Non-oil foreign trade increased 11.8% year-on-year to $59.68 billion in the first eight months of 2018, according to a report delivered to Minister of Trade Amr Nassar, according to Al Ahram.