A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

June 15 Coverage to June 21:

The Central Bank of Egypt (CBE) has kept the overnight deposit rate, overnight lending rate, the rate of the main operation, and the discount rate at 8.25%, 9.25%, 8.75%, and 8.75%, respectively.

The African Development Bank (AfDB) has approved a EUR 83 million loan to support the second phase of Egypt’s Electricity and Green Growth Support Program.

Egypt’s non-petroleum exports increased by 19% during the first five months of 2021, reaching $12.32 billion.

Egypt’s imports slightly rose by 10% during the first five months of 2021, reaching $29.16 billion.

Egyptian exports grew by 50% in May, recording $2.288 billion, compared to $1.522 billion in May 2020.

Egypt’s total exports to the European Union (EU) reached $ 7.2 billion in 2020. 

Egypt’s exports to the Greater Arab Free Trade Area (GAFTA), the Economic and Social Commission for Western Asia (ESCWA), and the Common Market for Eastern and Southern Africa (COMESA) were valued at $9.8 billion, $8 billion, and $2 billion, respectively, in 2020.

Egypt’s imports from the Greater Arab Free Trade Area (GAFTA), the G-15, and the Community of Sahel–Saharan States (CEN SAD) were valued at $9.3 billion, $8.3 billion, and $0.8 billion, respectively, in 2020.