Egypt
International reserves increase to $40.361 billion from $35.311 billion in February
SCZONE inked 14 agreements with major Chinese companies to boost investment
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The report predicts an 18.1 percent average annual headline inflation rate
Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
Projects signal Egypt's commitment to renewable energy expansion and economic development
This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February
The minimum wage increase reflects commitment to safeguarding workers' interests
25.30 percent decline in imports reduces trade imbalance
The reserves surged by 14.4 percent
PMI remained below the long-term average, signaling ongoing challenges
The financial support and land sale deal contributed to the NFA improvement
Economic reforms and currency flexibility to unlock funding
In 2023, the population growth rate in Egypt declined by 1.4 percent, the lowest in the last 50 years
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
China tops the list of Egypt's most prominent trading partners
Egypt boosts allocations for human development to support citizens
The government's price reduction plan is set to ease burden on citizens
Under the MoU, TEJAS will manufacture its communication products in Egypt using fiber optic technology
The bank reported a net profit of $141.34 million in 2023
Diverse projects and foreign investment to drive Egypt's economic growth
