Egypt
External support is required to avoid uncontrolled currency depreciation
Last week, Egypt bought the most wheat in at least a decade
KFC has been dominating Egypt’s market for many decades now
The pound hits its lowest level in over 5 years
Egypt ranks second after the UAE in terms of fintech funding deals
The Canal's revenues are expected to increase to $13.5 bn in 2023
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Funds will help strengthen Egypt’s resilience to food crises
This is equivalent to 5.5% of the country's GDP
Finance Minister worried about further rate hikes
Categories like cereals, breads, oil, and fats saw a major price rise
The amount of gold in the Egypt's Central Bank increased by 54%
Many investors are showing interest in setting up investments in Egypt
Other plans include increasing industrial exports to reach $30 bln
FDI from privatization are projected at $10 billion annually over 4 years
A draft "state financial policy document" is submitted to the Cabinet
Compared to 1.9% in the previous FY
Export capacity to amount to 12 million tons annually within 3 years
Plastics, CO2, recycling high on projects’ agenda
Inflation expected to reach 17% in August
Cairo launches today the National Climate Change Strategy 2050
“HC”: Inflation figures for April higher than estimates
April’s $629 million in revenues highest ever in a month
