Monday Minutes: Economic Snapshot

Monday Minutes: Economic Snapshot
Ryerson Economics

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

April 9 to April 15 Coverage:

The Egyptian exports fell in January 2019 by 4.12%, reaching $2.33 billion, compared to 2.43 billion in January 2018, Asharq Al-Awsat reported citing CAPMAS.

Egypt sealed an agreement with Euroclear, Europe’s biggest settlement house for securities, to allow sovereign debt holders to clear the transactions abroad, beginning in six months’ time, Reuters reported.

Cash flows coming from different sources reached $130 billion since the EGP floatation that took place in November 2016, according to Arab Finance.

Under the economic reform program, the Egyptian economy achieved a growth rate level of around 5%, according to the Economic Outlook report of the AMF.

Egypt’s annual inflation rate increased to 13.8% in March 2019, compared to 13.1% in March 2018, Egypt independent reported citing CAPMAS.

UK’s investments in Egypt reached $46 million, as around 1816 British companies are investing in Egypt, Arab Finance reported.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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