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During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU

The support aims to boost Egypt's private sector, fiscal resilience, and green growth

Egypt targets $191 billion by 2026 from merchandise exports, tourism and Suez Canal revenues

This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects

This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion

Decline in shipping through the Suez Canal and tourism to impact 2023-2024 growth

The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement

Egypt's rural inflation declined to 26.7 percent while overall inflation declined to 27.4 percent

Agreement follows approval of $8 billion extended fund facility loan in March

Payment solution offers flexible repayment plans spanning up to 60 months with no down payment

New business levels across Egypt fell at the slowest rate since September 2021 in May

The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion

Of the 19 offers it received, the central bank accepted only 17 with a value of $500.6 million

The pound devaluation and foreign investments alleviated the country’s currency crisis

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