Weekly Deep Dive Egypt’s Economy: Highlights and Analysis
Dec 14 2024
Length: 8 mins
Podcast

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Weekly Deep Dive Egypt’s Economy: Highlights and Analysis

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Summary
This week's "Ticks & Picks" report covers global interest rate adjustments, with the US Federal Reserve maintaining caution and the European Central Bank enacting a rate cut. Egypt's economic highlights include easing inflation, planned state-owned company listings, and significant corporate activity such as Ezz Steel's delisting and Raya Holding's partial acquisition. Market movements saw the EGX30 index decline slightly, while the EGX70 edged upward. Finally, the report details gold price increases both globally and in Egypt, driven by international trends and the strengthening US dollar.

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