A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
November 28 Coverage to December 6:
Egypt’s Purchasing Managers’ Index™ (PMI™) remained unchanged in November at 48.7, compared to October, according to IHS Markit press release.
Egypt ranked as Africa’s top investment destination for the fourth year, Rand Merchant Bank (RMB) reported.
CAPMAS revealed that net public investments grew by 8% recording EGP 90.9 billion in fiscal year (FY) 2019/20, compared to EGP 84.2 billion in FY 2018/19.
Public projects under implementation registered a total value of EGP 16.1 billion in FY 2020/21 compared to EGP 11.2 billion in FY 2018/19, with an increase of 43.8% , according to CAPMAS.
Egypt’s non-petroleum exports to Spain grew by 84.4% to total EUR 700 million in the first nine months of 2021 , compared with EUR 379.5 million in the same period last year, Minister of Trade and Industry, Nevine Gamea stated.
The Ministry of Finance (MoF) announced that small and micro companies dominated government contracts by 75.8% during FY 2020/21, compared to 69.6% in FY 2019/20.
The Minister of Planning and Economic Development Hala El Said allocated EGP 273 million, to boost the completion of development projects for the preliminary phase of “Haya Karima”.
Egypt signed a EUR 400 million agreement to renew the financial cooperation protocol with the Spanish government for development projects, according to the Ministry of International Cooperation (MOIC).