Egypt

Egypt’s foreign reserves reach $35.173 bn by end of November

Surging by $71 mn compared to last year's same period

Egypt to boost real estate exports in dollars to compensate for scarcity of its foreign currencies

Initiative to achieve a major breakthrough in the performance of the Egyptian Stock Exchange

Trade between the GCC and Egypt exceeds $34 billion in 2022

Number of Gulf tourists in Egypt reached 2 million

Egypt’s banking sector still faces operating challenges, says Fitch

Ratings agency still sees profitability as a credit strength for Egyptian banks

Shell makes major gas discovery in northeast Egypt

Ambitious plan for Mediterranean gas wells gains momentum

IMF could increase loans to Egypt

IMF Chief withheld specifics on loan increase, implementation timeline

Will Egypt’s commodity prices decrease as inflation declines?

CEO of country’s sovereign fund believes inflation has reached its peak

Egypt defies credit downgrade, touts resilience

Finance minister highlights economic strengths amidst external pressures

Central Bank of Egypt holds interest rates steady, unveils revised GDP growth forecasts

Core inflation reached in September an all-time high of 37.4 percent

Egypt expected to maintain steady interest rates on Thursday

Government seeks stability ahead of December Presidential election

Egypt’s real estate market on the rise, fueled by tourism and investment

Egypt is poised to witness a tourist influx of 15 million by the end of 2023

Telecom Egypt announces the launch of WeConnect

providing agile access to Egypt’s extensive subsea cable infrastructure

Egypt awards four gas blocks for exploration in the Med and Nile Delta

Eni, BP, Qatar Energy, and Zarubezhneft expected to invest about $281 million

Egypt, IMF, merge loan reviews, anticipate 2023 schedule

Country received in December $347 mn installment from $3 bn loan program