A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering October 16 to October 22.
Egypt remains Africa’s number one foreign investment destination, despite global FDI levels falling 41% in the first half of 2018, according to the UN Conference on Trade and Development (UNCTAD).
The government’s IPO program has been pushed back to Q1 2019, a senior government official has said, according to Enterprise.
Egypt ranks 15th in the world in terms of long-term growth potential, according to a new report published by HSBC.
The World Economic Forum has ranked Egypt 94th out of 140 countries in its latest Global Competitiveness Report.
Egyptian public debt will climb to more than EGP 800 billion by the end of FY 2018/19, Mubasher reported.
The Egyptian government is developing a strategy for repaying foreign debts, said Dr. Gehan Salah, economic adviser to the cabinet, according to Al Mal.
The Ministry of Finance is considering issuing renminbi and yen-dominated bonds in 2019, Finance Minister Mohamed Maait has said in an interview with Bloomberg.
Egypt will offer its first international sovereign sukuk to investors in FY 2019/20, Minister of Finance Mohamed Maait told Reuters.
The World Bank will lend $3 billion in the coming months to fund infrastructure projects in the Sinai Peninsula, according to a Ministry of Investment statement.