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The Group's net operating profit rose 84 percent Y-o-Y in FY24 to $175.9 million
Canal’s revenues declined over 60 percent year-on-year in 2024, costing Egypt nearly $7 billion in losses
The monthly inflation rate recorded 1.4 percent last month compared to 1.6 percent in January 2025
Gold holdings in foreign currency reserves reached approximately $11.851 billion in February, up from $11.416 billion
Egypt's PMI declined from a 50-month high of 50.7 in January to 50.1 in February
The country further sought approval for the EUR4 billion package and emphasized SCZONE as key investment destination.
This increase results from CBE's collaboration with banks and stakeholders for economic empowerment across society
The UAE President thanked King Salman and Crown Prince for organizing the dialogue
Interest rates remained unchanged due to the increasingly uncertain global and regional outlook regarding the impact of U.S. protectionist trade policies
This initiative is designed to reassure both current and prospective investors regarding their future tax responsibilities
Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support
The country received 8.7 million tourists in the first half of the current fiscal year
The reserves were recorded at $47.109 billion in December
January's figure, highest since November 2020, rose due to improved market conditions and lower costs
For Egypt, external debt stands at approximately $152 billion
Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices
The country plans to boost growth while reducing inflation and managing internal and external debt ratios
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment
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
