Morgan Stanley expects the Central Bank of Egypt (CBE) to keep interest rates unchanged at its upcoming meeting on November 21st.

Morgan Stanley has revised Egypt's gross domestic product (GDP) forecast for the fiscal year (FY) 2024/2025 upward to 4.8%, up from a previous estimate of 4.3%.

Morgan Stanley Capital International (MSCI) has announced the end of special treatment for Egypt and Kenya in its equity indexes.

Egypt is expected to achieve a primary surplus of 5.75% of gross domestic product (GDP) by the end of June 2024, Minister of Finance Mohamed Maat stated on the sidelines of the World Economic Forum’s special meeting in Riyadh.

Some international investment banks, including Goldman Sachs, Citibank, and Morgan Stanley, resumed investing in Egypt’s government debt instruments.

Morgan Stanley Bank expects further support from the World Bank (WB) and the European Union (EU) for Egypt in the coming days.

Morgan Stanley Bank announced that Egypt’s $35 billion deal with Abu Dhabi Developmental Holding (ADQ) paves the way for the country to adjust the EGP exchange rate.

Morgan Stanley expects a further phase devaluation of the Egyptian pound instead of floating the short-term exchange rate.

Morgan Stanley has downgraded Egypt’s sovereign credit rating to “dislike stance” from a “neutral”, citing various risks, including the coming presidential election, the threat of a downgrade by Moody’s, and challenges with a $3 billion International Monetary Fund (IMF) program.

Morgan Stanley expects Egypt’s gross domestic product (GDP) to grow by around 4.2% in the current fiscal year (FY) of 2023/2024, up from its previous projection for the country of 5%.