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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
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
