THE WEEKLY ISSUE TH DECEMBER 2017 VLADIMIR PUTIN VISITS EGYPT IN THIS ISSUE
|
|
- Sharlene McBride
- 6 years ago
- Views:
Transcription
1 VLADIMIR PUTIN VISITS EGYPT Russian President Vladimir Putin held talks with President Abdel Fattah Al-Sisi last Monday in Cairo, where they discussed the bilateral relations between the two countries and several regional issues. The two presidents witnessed the signing of an agreement launching Egypt s first nuclear power plant at Dabaa on the north coast. According to the Russian state atomic energy corporation Rosatom, the nuclear plant, which will cost up to USD21 billion, is expected to be completed by Russia will extend a loan to Egypt, covering 85% of the construction costs. The initial agreement signed by the two countries in 2015 stipulated that Russia will build four reactors, generating a total output of 4,800 megawatts. Egypt and Russia s transportation ministers signed in Moscow a protocol to resume flights between Cairo and Moscow for the first time since 2015, starting February They also agreed to discuss in April the resumption of flights from Moscow to other Egyptian cities like Sharm El-Sheikh. Flights between Russia and Egypt were halted in 2015 after the crash of a Russian plane over Sinai that killed all 224 people on board. IN THIS ISSUE We have agreed on mandating our ministers to follow up with issues related to economic ties and resolve any obstacles to the finalizing of projects that would be executed in the near future, in line with the spirit of coordination that has distinguished recent negotiations on constructing the Dabaa nuclear plant President Abdel Fattah Al-Sisi Ahram Online 11 th December 2017 Experimental Production Began At Zohr Balance Of Payments Runs A Surplus New Rating Actions From Moody s 1
2 EXPERIMENTAL PRODUCTION BEGAN AT ZOHR Experimental production began at Egypt s giant offshore gas field Zohr at an initial 350 million cubic feet per day (mcfd). The Petroleum Ministry spokesperson, Hamdy Abdel-Aziz, stated that the project s first stage is expected to be completed in June 2018, where production is going to increase to 1 billion cubic feet per day (bcfd). The Petroleum Minister, Tarek El-Molla, also declared that the second stage is due to be finalized by the end of 2019, with production reaching 2.7 bcfd. Investments for the first and second stages are estimated at over USD12 billion. Production from Zohr will contribute to turning Egypt into a regional hub for trading gas and petroleum production. The Zohr project will lead to a decrease in Liquefied Natural Gas (LNG) imports, saving Egypt USD2 billion annually when production reaches 1 bcfd by the end of the first phase in June 2018 Hamdy Abdel-Aziz The Petroleum Ministry Spokesperson 17 th December 2017 BALANCE OF PAYMENTS RUNS A SURPLUS USD BN Q1 2016/17 Q1 2017/18 GROWTH RATE% Egypt s overall Balance Of Payments surplus rose to USD5.1 billion In Q1 of FY 2017/18, from USD1.9 billion in the same quarter a year earlier. Petroleum Exports Non-Petroleum Exports % 8.6% This was attributed to the fact that the current account deficit narrowed by 65.7%, and the capital and financial account recorded a net inflow of USD6.2 billion. Petroleum Imports Non-Petroleum Imports % 0.5% Current account includes goods and service balance in addition to official and private transfers (remittances), while the capital and financial account mainly includes physical and financial investments. Suez Canal Revenues Tourism Remittances % 255.7% 37.2% The improvement in the trade balance reflects the improved competitiveness of Egyptian exports in world markets following the float of the exchange rate Net FDI Portfolio Investments In Egypt Overall Balance % 168.5% The Central Egypt s Statement 11 th December 2017 Source: Central Egypt 2
3 NEW RATING ACTIONS FROM MOODY S Moody s rating agency issued new rating actions related to Egypt s banking sector, as follows: Affirmed the B3 local-currency long-term deposit ratings of the three government-owned banks, National Egypt SAE, Banque Misr SAE and Banque du Caire SAE. Upgraded their respective standalone Baseline Credit Assessments (BCAs) to b3 from caa1. Affirmed the B2 local-currency long-term deposit rating of ALEXBANK and B3 local-currency long-term deposit rating of Commercial International Bank (Egypt) SAE (CIB), as well as their b3 BCAs. The primary driver for the upgrade of the government-owned banks BCAs is the improvement in the Egyptian operating environment, with better growth prospects, stronger institutions and lower political risk, which will support the solvency of the banks. The affirmation of their local currency deposit ratings at B3 balances the banks improved standalone profiles against the B3 rating of the government, to which the banks are heavily exposed. The b3 BCAs and all ratings of ALEXBANK and CIB were affirmed, despite the improved operating conditions, as their standalone ratings are already at the government s rating level. Despite the negative outlook for the African banking system next year due to macroeconomic risks, declining government support and sovereign credit risk, the banking sector in Egypt, Morocco and Nigeria will perform better in 2018, while banks in Tunisia, South Africa and Kenya will be affected by these Difficult circumstances Moody s Masrawy 12 th December
4 EGYPT AT GLANCE EXCHANGE RATES TH DEC TH NOV TH DEC USD EUR STERLING POUND Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 EGP USD EGP Euro EGP Pound Sterling per per per STOCK MARKET 16,000 14,000 14,721 12, TH DEC TH NOV TH DEC 16 10,000 EGX30 1, ,427 13,742 11,398 7,464 8,000 6,000 EGX ,000 2,000 EGX100 1,956 1,848 1,715 1, T-BILLS AUCTION CONSUMER PRICE INDEX AND MAJOR COMPONENTS AUCTION DATE 17 TH DEC 17 MATURITY (DAYS) 91 AVERAGE YIELD (%) WEIGHT IN BASKET % OCT 2016 OCT 2017 (INDEX) (JANUARY 2010=100) Y/Y 14 TH DEC HEADLINE- ALL ITEMS 100% % 17 TH DEC FOOD AND BEVERAGES 39.92% % 14 TH DEC TOBACCO AND RELATED PRODUCTS 2.19% % INTEREST RATES CLOTHING AND FOOTWEAR HOUSING, WATER, ELECTRICITY AND GAS 5.41% 18.37% % 13.62% OVERNIGHT DEPOSIT RATE OVERNIGHT LENDING RATE CORRIDOR RATE *AT JULY 2017 **AT MAY 2017 GLOBAL COMMODITY PRICES CURRENT* 18.75% 19.75% 19.25% PREVIOUS** 16.75% 17.75% 17.25% FURNISHINGS AND HOUSEHOLD EQUIPMENT MEDICAL CARE TRANSPORTATION COMMUNICATIONS RECREATION AND CULTURE EDUCATION 3.77% 6.33% 5.68% 3.12% 2.43% 4.63% % 21.07% 35.41% 11.01% 41.61% 19.58% BRENT CRUDE* GOLD** TH DEC TH NOV TH DEC , HOTELS, CAFES AND RESTAURANTS MISCELLANEOUS GOODS AND SERVICES 4.43% 3.73% % 19.46% WHEAT*** *USD/BARELL **USD/OUNCE SOURCE: BLOOMBERG **USD/BU
5 ALEXBANK RESEARCH... SHARING KNOWLEDGE 5 Khan El Khalili, Cairo, Egypt Copyright Notice. The Weekly is a publication of ALEXBANK. No part of this publication may be reproduced or duplicated without the prior consent of ALEXBANK. This publication constitutes a summary of published news, quotes and economic indicators. This material does not constitute analytical economic research nor should be treated as such. All charts and graphs are from publicly available sources or proprietary data. Any views expressed in this publication do not necessarily reflect the opinion of ALEXBANK. The news, views and quotes within this publication are gathered from sources deemed to be reliable but which have not been independently verified. ALEXBANK does not make any guarantee to the accuracy or reliability of such information. AlexBank shall not be liable for any losses or damages incurred or suffered as a result of using its publications in part or in their entirety.
THE WEEKLY ISSUE TH DECEMBER 2017 THE IMF COMPLETES THE SECOND REVIEW OF EGYPT S REFORM PROGRAM IN THIS ISSUE
THE IMF COMPLETES THE SECOND REVIEW OF EGYPT S REFORM PROGRAM The International Monetary Fund (IMF) completed the second review of Egypt s reform program. The completion of the review allows the authorities
More informationTHE WEEKLY ISSUE 28 8 TH AUGUST, 2017 TRADE DEFICIT DECLINES IN THIS ISSUE
TRADE DEFICIT DECLINES Egypt s Trade and Industry Ministry Declared that the country s trade deficit for the first half of 2017 declined by 46% to USD13 billion compared to the same period last year. Imports
More informationTHE WEEKLY ISSUE 44 4 TH DECEMBER 2017 NEW REGULATIONS BY THE CENTRAL BANK IN THIS ISSUE
NEW REGULATIONS BY THE CENTRAL BANK The Central Egypt (CBE) decided to lift limits on deposits and withdrawals of foreign currency for companies importing non-essential goods as of the 28 th of November
More informationTHE WEEKLY ISSUE 9 26 TH FEBRUARY 2018 MOODY S: AMENDMENTS TO THE CAPITAL MARKETS LAW ARE CREDIT POSITIVE IN THIS ISSUE
MOODY S: AMENDMENTS TO THE CAPITAL MARKETS LAW ARE CREDIT POSITIVE Moody s Credit Rating Agency announced in its recent Credit Outlook report that the recently approved amendments to the Capital Markets
More informationTHE WEEKLY EL-SISI IN WASHINGTON IN THIS ISSUE ISSUE 13 6 TH APRIL, 2017
EL-SISI IN WASHINGTON President Abdel Fattah El-Sisi started on the 1 st of April an official visit to the United States (US), marking the first visit to the US by an Egyptian President since 2009, as
More informationTHE WEEKLY ISSUE TH APRIL 2018 A PRELIMINARY STATEMENT FOR FY2018/19 BUDGET IN THIS ISSUE
A PRELIMINARY STATEMENT FOR FY2018/19 BUDGET The Egyptian government released a preliminary statement, showing the main components and targets of its budget for FY2018/19, which is currently being discussed
More informationTHE WEEKLY ISSUE 40 6 TH NOVEMBER 2017 EGYPT LAUNCHES THE INDUSTRIAL INVESTMENT MAP IN THIS ISSUE
EGYPT LAUNCHES THE INDUSTRIAL INVESTMENT MAP Egypt launched its first comprehensive industrial investment map, including 4,136 investment opportunities in 8 sectors across various governorates, with the
More informationTHE WEEKLY BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE ISSUE 9 9 TH MARCH, 2017
BALANCE OF PAYMENTS RECORDS A SURPLUS The Central Egypt (CBE) revealed that Egypt s Balance Of Payments (BOP) recorded a surplus of USD7 billion in Jul./Dec. 2016/17 against an overall deficit of USD 3.4
More informationTHE WEEKLY EGYPT S BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE... Thursday A WORLD OF REAL POSSIBILITIES
THE WEEKLY Thursday 12 th Jan. 2017 Issue #1 EGYPT S BALANCE OF PAYMENTS RECORDS A SURPLUS Egypt s Balance of Payments ran an overall surplus of USD1.9 billion during Q1 FY 2016/17 (Jul-Sep 2016) versus
More informationTHE WEEKLY ISSUE 19 7 TH MAY 2018 INCLUSIVE GROWTH AND JOB CREATION CONFERENCE IN THIS ISSUE
INCLUSIVE GROWTH AND JOB CREATION CONFERENCE The Central Egypt (CBE), Egypt s Finance Ministry and the International Monetary Fund (IMF) organized the Inclusive Growth and Job Creation Conference in Cairo
More informationTHE WEEKLY TERRORIST ATTACKS ON COPTIC CHURCHES IN THIS ISSUE ISSUE TH APRIL, 2017
TERRORIST ATTACKS ON COPTIC CHURCHES Two Coptic churches in Egyptian governorates, Tanta and Alexandria, were attacked by suicide bombers on Palm Sunday festival, where 48 people were killed, including
More informationAnnual Isuue 2016 THE WEEKLY. 2016: The Year In Review.
THE WEEKLY Annual Isuue 2016 2016: The Year In Review 1 2016: A YEAR OF FISCAL AND MONETARY REFORMS Egypt witnessed a series of landmark events during 2016 on key political and economic fronts. In early
More informationTHE WEEKLY EGYPT S NET INTERNATIONAL RESERVES DECLINE
THE WEEKLY Thursday Issue # 31 EGYPT S NET INTERNATIONAL RESERVES DECLINE The Central Bank of Egypt (CBE) announced that Net International Reserves (NIR) dropped by 11.5% to USD15.54 billion at the end
More informationTHE WEEKLY INTERNATIONAL MONETARY FUND LOAN TO EGYPT IS UNDERWAY
THE WEEKLY Thursday Issue # 29 INTERNATIONAL MONETARY FUND LOAN TO EGYPT IS UNDERWAY Egypt s Cabinet declared in a statement, on the 26 th of July, that it is in final stages of agreeing on a 3-year loan
More informationTHE WEEKLY NET FOREIGN DIRECT INVESTMENTS REBOUNDS IN THIS ISSUE... Thursday A WORLD OF REAL POSSIBILITIES
THE WEEKLY Thursday Issue # 39 NET FOREIGN DIRECT INVESTMENTS REBOUNDS Egypt s net foreign direct investments rose significantly by 54.7 % (Y/Y) in Fiscal Year (FY) 2014/2015 to register $ 6.4 billion,
More informationSACU INFLATION REPORT. February 2018
SACU INFLATION REPORT February 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. April 2018
SACU INFLATION REPORT April 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationSACU INFLATION REPORT. February 2017
SACU INFLATION REPORT February 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. January 2018
SACU INFLATION REPORT January 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. December 2017
SACU INFLATION REPORT December 20 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationSACU INFLATION REPORT. February 2016
SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. January 2017
SACU INFLATION REPORT January 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. November 2018
SACU INFLATION REPORT November 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index July 207 (Base year 204) Consumer Price Index Release Date: Augest 207 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationSACU INFLATION REPORT. December 2014
SACU INFLATION REPORT December 2014 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. December 2018
SACU INFLATION REPORT December 201 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. July 2018
SACU INFLATION REPORT July 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationSACU INFLATION REPORT. October 2018
SACU INFLATION REPORT October 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index uary 2018 (Base year 2014) Consumer Price Index 1 Release Date: uary 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index ruary 2018 (Base year 2014) Consumer Price Index 1 Release Date: March 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationMonetary Policy Report
CENTRAL BANK OF THE GAMBIA Monetary Policy Report November 20 The Central Bank of The Gambia Monetary Policy Report provides summary of reports presented at the Monetary Policy Committee Meeting. It entails
More informationSACU INFLATION REPORT. February 2015
SACU INFLATION REPORT February 2015 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index Annual Report of 2016 (Base year 2014) Consumer Price Index 1 Release Date: March 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions 1. Consumer Price
More informationThe Financial Monthly
ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly September 2016 VOLUME 11, NO. 11 Prepared by: Sara Eid Senior Economist - Chief Editor Assistant Director for Publications Ministry of Finance
More informationMonetary Policy Report I / 2018
Central Bank of Egypt Monetary Policy Report I / 218 Monetary Policy Report I / 218 Central Bank of Egypt Disclaimer The cut-off date for the data included in this report is May 17, 218. Some of the data
More informationNamibia Consumer Price Index
Namibia Consumer Price Index June, 2016 Namibia Statistics Namibia Consumer Price Index:June, 2016 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely statistics
More information1 RED September/October 2018 SEPTEMBER/OCTOBER 2018
1 RED September/October 20 SEPTEMBER/OCTOBER 20 2 RED September/October 20 MAJOR HIGHLIGHTS The country s annual consumer inflation grew by 0.2 percentage points to reach 5.1 per cent in September 20,
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index 2018 (Base year 2014) Consumer Price Index 1 Release Date: Jun 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationEconomic & Financial Indicators. November Banco de Cabo Verde
Economic & Financial Indicators November Banco de Cabo Verde Monetary Policy Report BANCO DE CABO VERDE Department of Economic Studies and Statistics Avenida Amílcar Cabral, 27 CP 7600-101 - Praia - Cabo
More informationMonetary Policy Report II / 2018
```````````` Central Bank of Egypt Monetary Policy Report II / 2 Monetary Policy Report II / 2 Central Bank of Egypt Disclaimer The cut-off date for the data included in this report is August 16, 2. Some
More informationTHE CBK WEEKLY BULLETIN
December 30, 20 THE CBK WEEKLY BULLETIN Highlights for the Week Overall 12-month inflation eased from 19.7 percent in November 20 to 18.9 percent in December 20, while annual average inflation rose from
More informationMONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER Governor s Presentation to the Media. 16 th May, 2018
1 MONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER 2018 Governor s Presentation to the Media 16 th May, 2018 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary Policy
More informationMONTHLY OUTLOOK. Regulatory Watch. Cybercrime Law. Highlights. Initiatives & Partnerships REGULATIONS AND ECONOMIC
REGULATIONS AND ECONOMIC MONTHLY OUTLOOK AUGUST 2018 The Regulations and Economic Monthly Outlook provides insight on the direction of the Government and policy related matters such as stakeholder updates,
More informationCONTENTS COMMENTARY CHARTS TABLES GLOSSARY. Section 1: Headline Inflation Section 2: Core Inflation
COMMENTARY CONTENTS Section 1: Headline Inflation Section 2: Core Inflation CHARTS 1. National Rates of Inflation, January 2010 April 2013 2. Monthly Changes in the Cost-of-Living Index, January 2010 April
More informationMFW4A: The impact of the global financial crisis on funding needs and borrowing strategies in Africa
MFW4A: The impact of the global financial crisis on funding needs and borrowing strategies in Africa Stefan Nalletamby, Coordinator This presentation covers four sections 1. Impact of the financial crisis
More informationNamibia Consumer Price Index
Namibia Consumer Price Index March, 2016 Namibia Statistics Namibia Consumer Price Index: March, 2016 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely statistics
More informationMajor Highlights. Recent Economic Developments. September/October,2016. Central Bank of Swaziland 1
September/October,20 Major Highlights The country s headline inflation increased to 8.3 per cent in Septmber 20 from 8.0 per cent in August 20. Inflation rate (% y/y) 8.3 (Sep) Discount and prime rates
More informationMajor Highlights. Recent Economic Developments April/May Central Bank of Swaziland 1
Major Highlights Annual consumer inflation increased to 7.0 per cent in April 2017 from 6.0 per cent in March 2017. Inflation rate (% y/y) 7.0 (Apr) Discount and prime lending rates remained unchanged
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index y 2018 (Base year 2014) Consumer Price Index 1 Release Date: August 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationMINISTRY OF NATIONAL PLANNING AND DEVELOPMENT REPUBLIC OF SOMALILAND Central Statistics Department OFFICIAL RELEASE
MINISTRY OF NATIONAL PLANNING AND DEVELOPMENT REPUBLIC OF SOMALILAND Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index September 20 Methodology This publication provides the monthly
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS SEPTEMBER 0 Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS...
More informationMonetary Policy Report March 2017
Central Bank of Egypt Monetary Policy Report March 217 Monetary Policy Committee Monetary Policy Report, March 217 Central Bank of Egypt Central Bank of Egypt This document is the first Monetary Policy
More informationThe national monthly CPI (2008=100) increased from per cent in September, 2017 to per cent
CONSUMER PRICE INDEX (CPI) October, 2017: PRESS RELEASE Released on Monday November 21, 2017 at 1:00 pm OCTOBER 2017 MONTHLY INFLATION RATE INCREASES SLIGHTLY The national monthly CPI (2008=100) increased
More informationMonthly Report May 2017
Monthly Report May 2017 Egypt s Economic & Political Update Page 1 FOREIGN POLICY & TRADE President Abdel Fattah El Sisi visits the UAE, Kuwait, and Bahrain on his GCC tour Foreign Minister Sameh Shoukry
More informationPERFORMANCE OF ECONOMY REPORT December 2017
PERFORMANCE OF ECONOMY REPORT December 2017 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug TABLE OF CONTENTS LIST OF ACRONYMS... 3 HIGHLIGHTS...
More informationREPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE
REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index April 2018 Methodology This publication provides the monthly
More informationMonthly Report July 2017
Monthly Report July 2017 Egypt s Economic & Political Update Monthly Report July 2017 Page 1 FOREIGN POLICY & TRADE El Sisi attended the Egyptian-Hungarian business forum, where he invited companies to
More informationMONTHLY OUTLOOK. Regulatory Watch. Highlights REGULATIONS AND ECONOMIC
REGULATIONS AND ECONOMIC MONTHLY OUTLOOK Issued on MARCH 1, 219 The Regulations and Economic Monthly Outlook provides insight on the direction of the Government and policy related matters such as stakeholder
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 22 nd November, 2017
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2017 Governor s Presentation to the Media 22 nd November, 2017 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary
More informationInflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward
19 December 2018 ECONOMIC REVIEW November 2018 Consumer Price Index Inflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward Headline inflation back to near 4-year low. Consumer
More informationNamibia Consumer Price Index
Namibia Consumer Price Index OCTOBER, 2015 Namibia Statistics Namibia Consumer Price Index:October, 2015 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely
More informationMonthly Economic and Financial Developments April 2006
Release Date: 30 May Monthly Economic and Financial Developments April In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank has decided
More informationEgypt: Tourism hit/policy changes
USDm Jan 5 Q1 2 Q3 2 Q1 3 Q3 3 Q1 4 Q3 4 Q1 5 Q3 5 Q1 6 Q3 6 Q1 7 Q3 7 Q1 8 Q3 8 Q1 9 Q3 9 Q1 1 Q3 1 Q1 11 Q3 11 Q1 12 Q3 12 Q1 13 Q3 13 Q1 14 Q3 14 Q1 15 Jul 5 Oct 3 Jan 6 May 4 Jul 6 Dec 4 Jan 7 Jul
More informationMONTHLY ECONOMIC REVIEW
October 218 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW October 218 b October 218 October 218 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices
More informationRussian Federation. Recent Economic Developments and Challenges. October 2015 IMF MOSCOW OFFICE
Russian Federation Recent Economic Developments and Challenges IMF MOSCOW OFFICE October 215 1 Outline Shocks affecting Russia s economy Policy Reaction: Monetary and Fiscal Policy Responses Current economic
More informationMONTHLY ECONOMIC REVIEW
March 218 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW March 218 b March 218 March 218 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices of Food
More informationMonetary Policy Report September 2017
Central Bank of Egypt Monetary Policy Report September 217 Monetary Policy Committee Monetary Policy Report, September 217 Central Bank of Egypt Table of Content THE INITIAL CONDITIONS PAGE 2 THE OUTLOOK...
More informationA Glance: About Multiples:
About @ A Glance: This report is intended to shed light on general macroeconomic trends of four economies in the MENA region that could impact investors decisions and the financial performance of businesses.
More informationWestpac Fiji ECONOMIC UPDATE. 03 November
Westpac Fiji ECONOMIC UPDATE 3 November Outline Global Economy Domestic Economy Overview of Fiji Economy Sectoral Performances Consumption & Investment Activities Fiscal Policy Trade & Foreign Exchange
More informationSOMALILAND CONSUMER PRICE INDEX
Methodology This publication provides monthly Consumer Price Indices Composite of Somaliland which is based on two main market baskets of Hargeisa urban households. The current Consumer Price Index was
More informationMarch 5, 2010 THE CBK WEEKLY BULLETIN. Highlights for the Week
March 5, 2010 THE CBK WEEKLY BULLETIN Highlights for the Week The 12-month overall inflation rate was 5.2 percent, while the annual average rate, on the other hand stood at 9.3 percent in February 2010.
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY 9 January 7 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Indonesia eased to.% year-on-year (y-o-y) in December from.6% y-o-y
More informationEconomic Outlook: Global and India. Ajit Ranade IEEMA T & D Conclave December 12, 2014
Economic Outlook: Global and India Ajit Ranade IEEMA T & D Conclave December 12, 2014 Global scenario US expected to drive global growth in 2015 Difference from % YoY Growth October Actual October Projections
More informationREPUBLIC OF SOMALILAND
REPUBLIC OF SOMALILAND Ministry of National Planning & Development Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index October 2016 2016 Page 1 of 9 Consumer Price Index (CPI) October,
More informationThe national monthly CPI (2008=100) increased from per cent in November, 2017 to per cent
CONSUMER PRICE INDEX (CPI) December, 2017: PRESS RELEASE Released on Monday January 17, 2017 at 1:00 pm DECEMBER 2017 MONTHLY INFLATION RATE INCREASES SIGHTLY The national monthly CPI (2008=100) increased
More informationQUARTERLY ECONOMIC REVIEW (QER)
QUARTERLY ECONOMIC REVIEW (QER) Volume 2 No 4 January - March 2018 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are:
More informationMonthly Economic and Financial Developments February 2007
Release Date: 3 April Monthly Economic and Financial Developments February In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank has
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS April 1 Monthly Economic Bulletin April Table of Contents 1. INFLATION...3 2. MONEY, CREDIT AND INTEREST RATES...7 3. REAL SECTOR INDICATORS...10 4. BALANCE OF PAYMENTS AND
More informationKGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW
KGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW June 218 Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices of Food Crops... 2 2. Monetary and Financial
More informationCamarines Sur Consumer Price Index
Inflation Rates (in Percent) Camarines Sur Consumer Price Index SR No. - 50 JULY Inflation rate in Camarines Sur increases to 6.4 percent in April The provincial headline inflation rate in Camarines Sur
More informationInflation Update. Mild pick-up in inflation rates
December 8 Saudi CPI inflation Monthly change Annual change October 8 -.3. September 8 -.. Year-to-October average.3. Inflation rates in trade partners (latest) Kuwait Bahrain Oman Japan UAE S. Korea Euro
More informationThe Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE
ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE Prepared by: Hany Kadry Dimian Deputy Minister Ministry of Finance Towers
More informationValentyn Povroznyuk, Radu Mihai Balan, Edilberto L. Segura
September 214 GDP grew by 1.2% yoy in Q2 214. Industrial output growth was equal to 1.4% yoy in June 214. The consolidated budget deficit narrowed to.2% of GDP in January-July 214. Consumer inflation slightly
More informationBANK OF TANZANIA. Monthly Economic Review
BANK OF TANZANIA Monthly Economic Review February 2011 1 TABLE OF CONTENTS 1.0 Inflation Developments... 3 Food Supply Situation... 5 2.0 Monetary and Financial Markets Developments... 6 Money Supply and
More informationAnti-crisis State Policy in Russia
1 Anti-crisis State Policy in Russia Vera Kononova Institute for Complex Strategic Studies 1 December 2016 Seminar Outline 1. Anti-crisis Policy Goals The main goals and targets adopted by the Government
More informationMarket and Economic Charts. Retail Fund Management Team Investec Asset Management
Market and Economic Charts Retail Fund Management Team Investec Asset Management 30 April 2010 Looking at Markets Global SA Economics Major Index Performance Major Index Performance Market Drivers Inflation
More informationRussia: Macro Outlook for 2019
October 2018 Russia: Macro Outlook for 2019 Natalia Orlova Head of Alfa Bank Macro Insights +7 495 795 36 77 norlova@alfabank.ru Egypt Saudi Arabia Brazil S. Africa UAE Iraq China Japan US Mexico UK Russia
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS JULY Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENT AND EXTERNAL SECTOR INDICATORS... 10 5.
More informationEgypt Resilience and Potential
Egypt Resilience and Potential INTERNATIONAL BANKING FORUM 2011 Brescia, 16-17 June 2011 Issa, Ahmed Head of Financial Institutions Group Commercial International Bank Agenda o January 25 th February 11
More informationInflation rate in Camarines Sur increases to 6.8 percent in September 2017
Inflation Rate (in Percent) [ Inflation rate in Camarines Sur increases to 6.8 percent in September Date of Release: October 30, Reference No. -83 The provincial headline inflation rate in September increased
More information1 RED June/July 2018 JUNE/JULY 2018
1 RED June/July 20 JUNE/JULY 20 2 RED June/July 20 MAJOR HIGHLIGHTS Headline consumer inflation grew by 4.9 per cent in June 20 compared to 4.8 per cent recorded in May 20 Inflation rate (% y/y) 4.9 (June)
More informationDevelopment of Economy and Financial Markets of Kazakhstan
Development of Economy and Financial Markets of Kazakhstan National Bank of Kazakhstan Macroeconomic development GDP, real growth, % 116 112 18 14 1 113,5 11,7 216,7223,8226,5 19,8 19,8 19,3 19,619,7 199,
More informationSACU INFLATION REPORT. March 2015
SACU INFLATION REPORT March 2015 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationInflation rate in Camarines Sur decreases to 5.1 percent in December 2017
Inflation Rate (in Percent) [ Inflation rate in Camarines Sur decreases to 5.1 percent in ember Date of Release: January 11, 2018 Reference No. 2018-4 The provincial headline inflation rate in ember decreased
More informationTo be a World Class Modern Central Bank
1 Monthly Economic Bulletin Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATOR... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS... 10 5. DEVELOPMENTS
More informationEgypt: Building a Better Business Climate. February Updates on the economy, key legislation and major investment projects
Egypt: Building a Better Business Climate February 2018 Updates on the economy, key legislation and major investment projects Macroeconomic Round-up On November 3, 2017, one year had passed since Egypt
More informationReview of Membership Developments
RIPE Network Coordination Centre Review of Membership Developments 7 October 2009/ GM / Lisbon http://www.ripe.net 1 Applications development RIPE Network Coordination Centre 140 120 100 80 60 2007 2008
More information1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW
1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW April 2016 Contents 1.0 Inflation and Food Supply Situation... 1 1.1 Inflation Developments... 1 1.2 Food Supply Situation... 1 1.3 Prices of Food Crops...
More information