Today’s Top News & Analysis
Egypt's PMI hits its second low in 14 months
Egypt may have USD4.14bn in 2024 from IMF
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Egypt's PMI hits its second low in 14 months
Egypt’s Purchasing Manager’s Index (PMI) for the non-oil private sector saw its reading slightly improve to 47.6 in March vs. 47.1 in February. However, this is the second-lowest reading in 14 months which is below the average reading seen in April 2011 at 48.1. Although the drop was merely softer than in February, the reading remained low due to the high inflationary pressures. (S&P Global)
Egypt may have USD4.14bn in 2024 from IMF
Sources said that the Egyptian government may receive a USD4.14bn through 2024 from the International Monetary Fund (IMF) once the revisions are done. Egypt is expected to receive USD820mn through the coming days, in light of the conclusion of the first and second revisions last week. Meanwhile, there will be a third revision in June 2024 which will allow another USD820mn. Later on, there are other four semi-annual revisions which will allow USD1.3bn each, the next is expected in December 2024. (Economy Plus)
Key Dates
3-Apr-24
Egypt PMI / March 2023 reading.
6-Apr-24
OLFI: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
7-Apr-24
FWRY: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
MFPC: Cash dividend / Payment date for a dividend of EGP2.00/share.
14-Apr-24
DOMT: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
16-Apr-24
ORHD: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
17-Apr-24
MASR: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
18-Apr-24
SWDY: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
SWDY: EGM / Discussing capital reduction & amending Articles No. 6 & 7 of the company's bylaws.
CLHO: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
20-Apr-24
DSCW: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
DSCW: EGM / Amending Articles No. 3, 4 & 7 of the company's bylaws.