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Egypts Debt

Egypt’s external debt falls by 4.4% to lowest recorded level in last 18 months | CBE

Egypt’s net international reserves were recorded at $46.125 billion at the end of May, bolstered by several large-scale deals, primarily the Ras El Hekma agreement, and financing from international partners

Interest in Egypt’s treasury bills spike, foreign investments jump 140% in March compared to Feb.

Foreign investments in Egyptian treasury bills surged in March by around 140%, rising to $32.7 billion compared to $13.6 billion recorded in February, revealed new data from the Central Bank of Egypt (CBE)

PM directs FinMin and PetrolMin to start paying back 20-25% of petroleum-related arrears by next week

Egypt’s oil and natural gas consumption is approximately $55 billion annually to meet the needs of the country’s citizens, explained Madbouly on Monday in a post-tour press conference

Egypt’s financing needs to significantly decline in Q2 2024 | Goldman Sachs

Goldman Sachs economist, Farouk Soussa indicated that estimates suggest the ministry received approximately EGP 240 billion from the initial tranche of the Ras El Hekma deal with the UAE

Goldman Sachs forecasts real GDP growth at 4.9% for FY2024, and positive outlook on inflation and interest rates

In a note seen by the Arab World News Agency, Goldman Sachs projects that the country’s real GDP growth will average between 6-6.5% for FY2025/2026