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This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint
Egypt's external debt to GDP ratio reached 39.8 percent in the first quarter, down from 40.5 percent at the end of June 2023
The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt
The report shows that 64 percent of measures focused on boosting investment and industry
Company's EBITDA reached EGP15.5 billion, up 29 percent annually and recording a margin of 41 percent
The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations
The group’s net profit after tax and minority interest rose 95 percent annually to EGP791 million in Q2 of 2024
Agreement includes the possibility of supplying petroleum products to the local market
The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June
Egypt's inflation rate has declined for the last five months after reaching a record high of 38 percent in September 2023
Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market
Expenditure amounted to $61.25 billion, with a budget deficit of 3.6 percent
By November 2023, Saudi Arabia's investments in Egypt reached $6.3 billion across 7,444 projects
Total foreign assets of both the CBE and commercial banks reached EGP3.634 trillion in June
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
App's new trading options include market price, limit price, same-day trading, margin trading, short selling and conditional alerts
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
