Standard & Poor

Non-oil private sector confidence for coming 12M climbs with PMI hitting 3-year high

Tue, 04 Jun 2024 - 10:58 GMT

Compared to April’s 47.4, the country’s PMI for May showed a solid trajectory towards growth, barely under the 50 threshold for growth

World Bank's $6 Billion Financing Boosts Egypt's Economic Reform Agenda

Tue, 19 Mar 2024 - 08:27 GMT

Egyptian PM lauds EU partnership, World Bank financing in bolstering economic reforms and stability.

Egypt’s PMI drops to 48.1 in January as prices rise and sales fall

Mon, 05 Feb 2024 - 11:49 GMT

S&P attributed the drop to falling sales volumes and rising price pressures, leading to the 38th consecutive month in which Egypt’s non-oil private sector activity narrowed

Egypt’s PMI data reveals a slower pace of decline with reduced pressure on import prices

Wed, 03 May 2023 - 12:26 GMT

The PMI's sub-index for overall input prices fell to 58.7 in April from March's 62.8, and that for purchase prices went down to 59.9 from 64.3

S&P downgrades outlook for three Egyptian banks to negative

Tue, 02 May 2023 - 12:39 GMT

Since March 2022, the three banks released multiple types of high-yield CDs, ranging from annual yields of 18 percent to 25 percent