Egypt
The financial support and land sale deal contributed to the NFA improvement
Economic reforms and currency flexibility to unlock funding
In 2023, the population growth rate in Egypt declined by 1.4 percent, the lowest in the last 50 years
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
China tops the list of Egypt's most prominent trading partners
Egypt boosts allocations for human development to support citizens
The government's price reduction plan is set to ease burden on citizens
Under the MoU, TEJAS will manufacture its communication products in Egypt using fiber optic technology
The bank reported a net profit of $141.34 million in 2023
Diverse projects and foreign investment to drive Egypt's economic growth
Leveraging Egypt's strategic location to revolutionize international data connectivity
The project could create more than 20,000 job opportunities
The country is taking steps to align fuel prices with international markets
Egypt aims to reduce the debt-to-GDP ratio to less than 80 percent in three years
Exchange rate liberalization and fiscal consolidation drive confidence
Net revenues and financial position experience substantial growth, reflecting market resilience
Private sector growth, human capital development and climate resilience are key focus areas
Under the aid package, Egypt will receive a combination of grants and loans over the next three years
Promoting entrepreneurship with focus on women-led businesses
Private investments are estimated to reach approximately 63 percent of the total
The project aims to mitigate emissions, preserve biodiversity
Imports were recorded at $6.51 billion while exports stood at $3.48 billion
Sharp rise in food and beverage prices is key driver of inflation uptick
