Egypt
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
Net open foreign currency positions rose to 5.7 percent of banks' total capital base in March 2024
Egypt's index for basic pharmaceutical product manufacturing declined 15.13 percent from 92.22 in March to 78.27 in April
June PMI reading confirmed that inflationary pressures on businesses had been greatly suppressed in Q2 of 2024
Egypt welcomed 7.069 million tourists between January and June 2024
Egypt’s net foreign assets record surplus of $14.3 billion in May, first positive reading in 2 years
Egypt's net foreign assets have risen by $43 billion since January due mainly to international support
A major FDI push in Africa is the increase in mega greenfield projects with six projects each at a value of over $5 billion
Egypt targets 3.5 percent primary surplus, 80 percent debt-to-GDP by 2027
Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously
France to host the Egyptian-French Business Forum to support and enhance Egyptian exports to France
Islamic banking now constitutes 5 percent of the total banking sector in Egypt
