Egypt
Egypt, Saudi, and Turkey have shown interest in joining the group
The Egyptian army controls a large portion of the economy
Economy, GDP, boosted by utilities sector and mega construction projects
Nearly 600 keys are expected to be delivered by the end of this year
Pound reached a low of 18.91 pounds against the dollar
Prices of diesel supplied to the food and electricity industries were fixed
External support is required to avoid uncontrolled currency depreciation
Last week, Egypt bought the most wheat in at least a decade
KFC has been dominating Egypt’s market for many decades now
The pound hits its lowest level in over 5 years
Egypt ranks second after the UAE in terms of fintech funding deals
The Canal's revenues are expected to increase to $13.5 bn in 2023
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Funds will help strengthen Egypt’s resilience to food crises
This is equivalent to 5.5% of the country's GDP
Finance Minister worried about further rate hikes
Categories like cereals, breads, oil, and fats saw a major price rise
The amount of gold in the Egypt's Central Bank increased by 54%
Many investors are showing interest in setting up investments in Egypt
Other plans include increasing industrial exports to reach $30 bln
FDI from privatization are projected at $10 billion annually over 4 years
A draft "state financial policy document" is submitted to the Cabinet
