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ODE stock takes hit due to tourism sector exposure, despite impressive real estate operations
Annual headline inflation down to 5.3% in February
HC forecasts point to future cash collections of EGP 18.0bn over 2020–27e from launched projects, of which EGP 10.9bn are related to outstanding receivables.
We expect annual inflation to rise in December to 7.3%, which is much less than the CBE’s target, in line with the monetary easing policy, says Monette Doss
Headline inflation continued to decelerate for the fourth consecutive month from its high level back in May, says economist.
Inflationary pressures to ease dramatically following July’s subsidy lift, says Monette Doss
Egypt’s net international reserves declined to $42.551bn in December from $44.513bn in November 2018, according to the Central Bank of Egypt (CBE) data. HC Securities and Investment (HC) said on Tuesday that the $0.9bn foreign portfolio outflow corresponds to a net foreign liability position of domestic banks widening to $7.3bn in November from $5.5bn in …