A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering December 18th to December 24th.
1) Yields on five- and ten-year treasury bonds declined last week. Five-year bonds fell to 15.728% and ten-year bonds slipped to 15.740%, according to Reuters.
2) The IMF approved the release of a $2 billion installment of its loan to Egypt, Ahram Online reports.
3) The government will receive the next dispersal—also $2 billion—in June or July, the Deputy Finance Minister, Ahmed Kouchouk, indicated, according to Reuters.
4) Remittances rose 38.9% Y.o.Y. in October, reaching approximately $2.2 billion, Reuters reports.
5) Egypt had received $25.5 billion in development loans and grants as of June, Ahram Online reports.
6) The Central Bank of Egypt (CBE) is negotiating a $1 billion loan from the China Development Bank, Al Mal News reports.
7) Egypt imported $42.2 billion worth of goods in the first eight months of the year, Amwal Al Ghad reports.
8) The Suez Canal earned $453.5 million in November, according to Amwal Al Ghad.
9) Parliament passed a national health insurance law, Ahram Online reports.
10) The number of Chinese tourists in Egypt rose to 300,000 this year, according to Han Peng, an official at the Chinese Embassy, Al Mal News reports.