Search Result
" Fitch Solutions"

44 results

Business - Economy
2/28/2024 1:05:05 PM
The International Monetary Fund (IMF) has resolved key issues with Egyptian authorities regarding the reviews of its $3 billion loan programme and will announce the final financing package within weeks, Kristalina Georgieva, managing director of the IMF, said in an interview with Reuters.

Business - Economy
1/31/2024 3:28:49 PM
As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth in 2024.

Business - Economy
1/16/2024 6:12:00 PM
Egypt's geopolitical significance demonstrated through its role as a mediator in containing Israel's conflict in Gaza is expected to draw increased foreign financial support, potentially exceeding $5 billion, according to Ramona Moubarak, the head of MENA Country Risk at Fitch Solutions.

Business - Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.

Business - Economy
12/12/2023 7:09:44 PM
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.

Business - Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.

Business - Economy
10/8/2023 7:01:39 PM
Fitch Solutions expected that the Egyptian pound will be devaluated by 18.6 percent to reach around EGP38 against the US dollar by the end of the current year 2023.

Business - Economy
5/14/2023 2:59:05 PM
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the government footprint in the economic activity for the private sector; chiefly through its initial public offering (IPO) and privatization programmes.

Business - Economy
4/30/2023 2:02:15 PM
Fitch Solutions has raised its forecast for Egypt’s inflation in 2023 to 32.3 percent, up from an average of 25.9 percent that it expected a month ago.

Business - Economy
4/19/2023 3:45:42 PM
Egypt's construction industry is expected to grow by 6.8 percent year-on-year in 2023, with an average annual growth rate of 7.4 percent predicted between 2024 and 2027, according to a report by Fitch Solutions.

Business - Economy
4/4/2023 5:34:29 PM
Egypt is the largest steel producer in Africa and the second largest in the Middle East and North Africa (MENA) region, according to a report by Fitch Solutions, quoted by the Information and Decision Support Centre (IDSC) in a report issued on Tuesday.

Business - Economy
3/12/2023 5:59:58 PM
Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.

Business - Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.

Business - Economy
11/14/2022 12:56:15 PM
Fitch Solutions has revised up its projections for Egypt’s real GDP growth in 2022 by 0.3 percent to 6.62 percent from 6.59 percent it projected in October, according to its latest update on its monthly MENA Economic Outlook Report.

Business - Economy
10/16/2022 1:21:43 PM
For the fourth month in a row, Fitch Solutions has raised its projections for Egypt’s real GDP growth in 2022 by 0.36 percent to 6.59 percent, up from 6.23 percent it projected a month ago, according to its updated report on MENA economic outlook. On the other hand, the report maintained its expectations for the country’s inflation rate at 13.2 percent through end of 2022 for the third consecutive month.

Business - Economy
9/18/2022 3:32:31 PM
For the third consecutive month, Fitch Solutions has revised its projections for Egypt’s real GDP growth in 2022 up by 0.6 percent to 6.23 percent, up from 6.17 percent it projected a month ago, according to its updated report on MENA economic outlook.

Business - Economy
8/15/2022 10:54:18 AM
Fitch Solution has upgraded its projection for Egypt’s real GDP growth in 2022 by 0.16 percent to reach 6.17 percent, up from 6.1 percent predicted in July, according to its monthly economic outlook on MENA.

Business - Economy
7/17/2022 1:47:57 PM
Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year Review MENA Monthly Outlook Report.

Business - Economy
7/8/2022 10:08:00 PM
The International Monetary Fund (IMF) concluded on Thursday a staff-level mission to Egypt – through a team led by IMF mission chief for Egypt Celine Allard – to discuss a new loan programme with Egypt, the Fund announced on Friday.

Business - Economy
6/19/2022 3:14:32 PM
Fitch Solutions revised down Egypt’s real GDP growth for the upcoming FY2022/2023 — Which starts on 1 July — to 4.9 percent, down from the 5.5 percent it initially projected.

2 3 Next