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Egypt
Economy
Egypt’s 50 percent minimum wage hike to take effect in March
President implements urgent social protection package amidst currency concerns, IMF talks
Economy
Egypt’s trade deficit declines to $36.9 billion in 2023
Merchandise imports fell by 14 percent last year to $72.54 billion
Egypt
Telecom Egypt enables seamless connectivity from Intra Asia to India, Middle East, and Beyond via ICE IV Project
Connecting continents with advanced open cable technologies
Economy
CBE launches $1 billion treasury bills
One-year treasury bills aim to attract investors despite rising global rates
Egypt
Telecom Egypt and 4iG cooperate on express subsea cable project
The agreement supports Egypt's efforts to expand its international digital infrastructure
Egypt
Egypt to auction $1 billion dollar-denominated treasury bills
Money supply (M2) grew by 19.92 percent year-on-year in December 2023
Economy
Egypt dollar bonds jump as IMF studies potential $10 billion assistance package
Positive developments in economic reform talks propel Egypt's sovereign bonds
Economy
CBE raises interest rates by 200 basis points: Is a currency devaluation on the horizon?
Gap widened between Egyptian pound's official and parallel markets rates
Economy
Egypt, IMF reach preliminary agreement to revise loan terms
Preliminary agreement sets stage for economic reforms and growth
Economy
Central Bank of Egypt to convene amidst ongoing pound decline
Can an agreement with IMF be expected?
Egypt
Suez Canal Authority reaffirms support for global shipping lines
Expands services to mitigate impact on maritime traffic
Economy
Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P
Anticipated devaluation of the pound beyond the current exchange rate
Egypt
Egypt’s SCZone inks 5 agreements worth $200 million
Supporting partnership between the public and private sectors
Economy
Moody’s affirms ratings of five Egyptian banks, changes outlook to negative
Egypt's overall classification was affirmed at Caa1 in October 2023
Economy
Egypt’s GDP growth rate slows to 2.65 percent
Compared to growth rate of 4.4 percent in 2022-2023
Economy
Egypt’s IPO program attracts $3.5 billion
Despite global crises, Egypt has maintained balanced economic indicators
Economy
Egypt plans to issue bonds in local currencies of BRICS’ NDB members
Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030
Economy
Urban inflation in Egypt declines for third consecutive month
Recorded 33.7 percent in December, down from 34.6 percent in November
Economy
Egypt releases comprehensive economic blueprint for 2024-2030
Strategic roadmap to fortify the Egyptian economy in a turbulent global landscape
Economy
AD Ports commits to operating terminals at Egypt’s Red Sea ports
Deal includes developing yacht and cruise ship tourism in Egypt
Egypt
Egypt’s population growth declines by 8 percent in 2023
Population reached 105.858 million on January 1, 2024
Economy
Egypt auctions off $850 million in T-Bills to tackle dollar shortage
As part of efforts to stabilize the economy
Economy
Central Bank of Egypt holds interest rates steady for third time in a row
Maintaining credit and discount rate at 19.75 percent
Economy
Egypt moves to international debt markets, eyes Gulf currency-denominated bonds
Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating
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