Egypt

Egypt’s 50 percent minimum wage hike to take effect in March

President implements urgent social protection package amidst currency concerns, IMF talks

Egypt’s trade deficit declines to $36.9 billion in 2023

Merchandise imports fell by 14 percent last year to $72.54 billion

CBE launches $1 billion treasury bills

One-year treasury bills aim to attract investors despite rising global rates

Telecom Egypt and 4iG cooperate on express subsea cable project

The agreement supports Egypt's efforts to expand its international digital infrastructure

Egypt to auction $1 billion dollar-denominated treasury bills

Money supply (M2) grew by 19.92 percent year-on-year in December 2023

Egypt dollar bonds jump as IMF studies potential $10 billion assistance package

Positive developments in economic reform talks propel Egypt's sovereign bonds

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

Egypt, IMF reach preliminary agreement to revise loan terms

Preliminary agreement sets stage for economic reforms and growth

Suez Canal Authority reaffirms support for global shipping lines

Expands services to mitigate impact on maritime traffic

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’s SCZone inks 5 agreements worth $200 million

Supporting partnership between the public and private sectors

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023

Egypt’s GDP growth rate slows to 2.65 percent

Compared to growth rate of 4.4 percent in 2022-2023

Egypt’s IPO program attracts $3.5 billion

Despite global crises, Egypt has maintained balanced economic indicators

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

Urban inflation in Egypt declines for third consecutive month

Recorded 33.7 percent in December, down from 34.6 percent in November

Egypt releases comprehensive economic blueprint for 2024-2030

Strategic roadmap to fortify the Egyptian economy in a turbulent global landscape

AD Ports commits to operating terminals at Egypt’s Red Sea ports

Deal includes developing yacht and cruise ship tourism in Egypt

Egypt’s population growth declines by 8 percent in 2023

Population reached 105.858 million on January 1, 2024

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