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Suez Canal transit receipts fell 61.2 percent to $931.2 million in Q1
The leading markets importing from Egypt include Saudi Arabia, the UAE, Türkiye, and Italy
Egypt’s foreign trade surpassed $104.7 billion in FY 2023/24
This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023
Most notable decline was recorded in vegetable prices which saw a 14 percent dip last month
Landmark partnership marks the official market entry of Plaza Premium Group into Egypt
Egypt's tourism revenue rose 5 percent to $6.6 billion in H1 2024, up from $6.3 billion in 2023
The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025
At the close of August 2024, Egypt's net international reserves reached $46.597 billion
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
Surpassing the total exports for the entirety of 2023, which were recorded at $5.068 billion
Discussions are currently in progress to approve a second tranche of $4.14 billion
This approval follows a EUR1 billion EU support initiative endorsement
The program targets enterprises in pharmaceuticals, food, engineering, chemicals, textiles, mining, and construction
Suez Canal's revenues declined over 60 percent year-on-year in 2024
The top 10 banks in Egypt accounted for 79.73 percent of the sector’s total profits at EGP340.411 billion
Egypt seeks to raise the number of tourists to 30 million by 2030
The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk
Apple Pay is available with the National Bank of Egypt, Banque Misr and Commercial International Bank
Headline inflation climbed to a record high of 38 percent in September 2023 after falling to 26.5 percent in October
With the addition of its summer operations to Al Alamein, flydubai grows its network in Egypt to three destinations including Alexandria and Cairo
Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024
flynas connects Egypt to Saudi Arabia with more than 120 weekly direct flights from five Saudi cities
Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva
