Egypt economy

  The Central Bank of Egypt (CBE) has reported a significant decline in Egypt’s external debt, which decreased by approximately $11.8 billion during FY 2023/2024. By June 2024, the country’s …

Egypt has made significant strides in achieving its economic goals, with Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announcing that the country has executed 98.5% of its …

Egypt will build its first multi-purpose pharmaceutical raw materials factory. The facility will be located in the Ain Sokhna Industrial Zone, with a total investment of $120 million. The factory, …

  Egytrans, a leader in Egypt’s transportation sector, has achieved remarkable growth in the first quarter of the 2024-2025 fiscal year. The company reported a stunning 9.5-fold increase in profits, …

Egypt’s annual urban consumer price inflation rate eased to 25.5% in November 2024, marking its lowest level since December 2022, according to data from the Central Agency for Public Mobilization …

Egypt’s non-oil sector experienced a significant surge in employment during September 2023, signaling a positive shift in the country’s economic landscape. This growth is a testament to the sector’s resilience …

The inaugural annual GOEIC forum titled “Shifting Mindsets to Unlock Export Potential,” held on Tuesday at Cairo. During the forum,  Egypt’s Planning Minister Rania Al-Mashat’s insights at the forum highlight …

 Egypt’s Ministry of Finance has announced a new initiative worth EGP 50 billion. The initiative aims to encourage the construction of more hotel rooms, catering to the growing number of …

Sharp swings have been observed in Egypt’s FX black market after the news of the signing of an agreement to implement Ras El Hekma resort, in northwest Egypt, with investments …

According to banking experts, The recent extension of deposit deadlines by the UAE and Kuwait until 2024 and 2026, highlights the significant role played by Arab countries in supporting the …