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FINANCIAL NEWS
Egypt non-oil private sector declines
05 Jun 2016
(MENAFN) Business activity in Egypt declined for the eighth straight month in May, while non-oil private sector posted 47.6 points in May after 46.9 in April.
However, the country struggled to revive its economy since a popular uprising in 2011 and following political upheaval.
Additionally, the situation is encouraging to see signs that downturn has started to ease, as uncertain as those indications may be.
On the other hand, the country also faces weak demand conditions across the economy, which in light of the ongoing FX shortage.
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