A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering November 6 to November 12.
Egypt’s economy grew by 5.3% in Q1 2018/19, according to preliminary government data revealed by Minister of Planning, Hala El Said.
Headline inflation rose to 17.5% in October 2018, up 1.5% from September, CAPMAS figures reveal.
The Central Bank of Egypt (CBE) will shift its monetary policy to target inflation, according to the bank’s deputy governor, Reuters reported.
Credit rating agency Standard & Poor’s has maintained Egypt’s BB rating, according to Amwal Al Ghad.
Egypt aims to increase exports to the US from its Qualified Industrial Zones to $1 billion in 2019, a trade ministry official has said, Amwal Al Ghad reported.
Egyptian investments on the African continent have reached $10.2 billion while African investments within Egypt amount to $2.8 billion, Minister of Investment Sahar Nasr has said, Amwal Al Ghad reported.
Egypt will offer a one-year Euro-denominated treasury bill worth €675 million on November 12, the CBE said, Reuters reported.
Banque Misr is looking to borrow $550 million from Citi Bank and Emirates NBD to improve liquidity, the bank’s vice chairman has said, according to Reuters.
The head of Egyptian investment bank Beltone has denied any irregularities in Sarwa Capital’s IPO, according to Reuters.