Egypt
The flagship EGX30 index grew by 0.54 percent
Remittances significantly dropped in Q1
Fixed-line subscribers and fixed-broadband internet customers grew by 5% and 8%
An additional 1.2 million seats on flights from the UK to Turkey compared to 2019
Agency warned of asset sales being offset by declining external liquidity
Initial budget surplus for the fiscal year 2022-2023 stood at 1.63 percent
Zohr's production is currently at 2.3 billion cubic feet per day (bcfd)
Anticipated peak in inflation rates in H2 2023
Egyptian banks are in a race to attract funds from local investors
Egypt is expecting 15 million tourists by the end of the year
Services and construction to contribute to growth
Egypt's GDP projected at 4.2 percent for FY 2023/2024
Dollar-deposit certificates offered at 9 percent returns
47th position ranks in top 100 largest sovereign funds by total assets
Costly development ambitions face multiple challenges
Innovation is a driving force for growth
Could reforms curb the effects of inflation?
Sovereign wealth fund tightens reins, drives economic stability
Overall, the region is experiencing a “funding winter”
