Egypt
Total foreign liabilities held by the CBE and commercial banks in April reached EGP32.523 trillion
The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
From July 2023 through April 2024, industrial zones and ports attracted 144 new contracts
In 2023, Egypt received a record-breaking number of tourists, reaching 14.906 million
Real estate sector contributed close to 20 percent of Egypt's GDP in 2023
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Total unemployment across Egypt declined 2.5 percent compared to the previous quarter
Saudi Arabia topped the list of Arab countries importing the most from Egypt during the year
Private sector's contribution to the GDP increased to 71 percent this year
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Emirati investments in Ras El-Hekma to exceed $150 billion
Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects
Inbound visitors from Arab countries rise by 54 percent in 2024
Egypt's GDP growth to slow to 3.1 percent in 2024 before accelerating to 4.7 percent in 2025
The Minister promoted investment and private sector activities in agricultural industrialization with 341 technological centers
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Egypt to implement incentive packages to attract investments in the industrial sector
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
The government signed two land receipt notes for carrying out the projects west of Sohag
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Egypt's strategic location positions it as a key partner in AI development in Africa
International reserves increase to $40.361 billion from $35.311 billion in February
