Egypt Private Sector Hits Two-Year Low

Egypt's non-oil private sector fell to a two-year low as PMI dropped to 48.0, its fourth consecutive decline.
Input prices surged at the fastest pace in 18 months, driven by soaring fuel costs and a stronger U.S. dollar.
Foreign Minister Badr Abdelatty called U.S. envoy Steve Witkoff and Iran’s Abbas Araqchi to push de-escalation and reopen the Strait of Hormuz.
Survey respondents' 12-month business outlook turned negative for the first time, reflecting growing gloom over war duration.