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Despite the narrowing trade deficit, Egypt's current account deficit widened in the first nine months of fiscal year FY 2023-24 to $17.1 billion
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Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats
The decline in Egypt’s non-oil trade deficit during H1 of 2024 was primarily due to a $1.2 billion decline in imports
Egypt's Suez Canal secured contracts worth $5.116 billion for 218 projects during 2023-24
The decision follows a positive economic assessment since the program's launch in December 2022
Cheiron Energy to increase natural gas production from the West Burullus offshore field development project
Egypt's inflation to average around 25 percent in H2 of 2024, down from 31 percent in H1
The country’s growth is projected at 4 percent for FY 2024/2025
Through renewable energy, green hydrogen, and engineering initiatives
Emirati company Al Nowais will launch the solar energy project in the Aswan Governorate's Kom Ombo by October
Foreign currency inflows into the local market have jumped by about 200 percent
The canal's total tonnage fell by a third, and the number of transits declined by about 22 percent YoY
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
Egypt's imports declined from $6.01 billion in April 2023 to $5.97 billion in April 2024
ICT sector currently contributes 5.8 percent to Egypt’s GDP
Nokia will deploy 5G radio access network (RAN) equipment from its industry-leading AirScale portfolio in Egypt
Egypt accounted for 18.6 percent of Africa's total investments, which amounted to $52.6 billion in 2023
This downward trend extends from a record high of 38 percent reached in September 2023
Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean
The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE
Egypt's imports from international blocs declined 22 percent in 2023 to $37.5 billion
Egypt's new government aims to increase exports by more than 15 percent annually and attract 30 million tourists by 2028
Promoting multimodal and integrated transport to transform Egypt into a transit trade center
