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Economy Middle East Summit 2025
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Egypt
Banking & Finance
Egypt’s Mashrou’ak program funds 211,000 projects worth $590 million: Minister
The Minister promoted investment and private sector activities in agricultural industrialization with 341 technological centers
Economy
Egypt’s foreign currency reserves to surge by $16.2 billion in FY24/25: Report
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Economy
Egypt seeks investment boost from South Korea across key sectors
Egypt to implement incentive packages to attract investments in the industrial sector
Egypt
China’s Xinxing Ductile to invest $400 million in Egypt within 5 years
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
Egypt
Egypt sets sail for renewable future with $9 billion FDI for 8 GW wind projects
The government signed two land receipt notes for carrying out the projects west of Sohag
Economy
Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Egypt
Egypt, Italy to establish AI hub in Cairo to serve Africa
Egypt's strategic location positions it as a key partner in AI development in Africa
Economy
Egypt’s net foreign assets deficit falls to $1.36 billion in March: CBE
International reserves increase to $40.361 billion from $35.311 billion in February
Egypt
Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent
SCZONE inked 14 agreements with major Chinese companies to boost investment
Economy
Egypt to ensure foreign currency availability through maintaining flexible exchange rate
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
Economy
Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report
The report predicts an 18.1 percent average annual headline inflation rate
Egypt
Egypt targets 3-5 year timeline for IPO program, finance minister reveals
Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis
Economy
Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
Egypt
Egypt to build 2 solar power stations with $20.6 million in EU funding
Projects signal Egypt's commitment to renewable energy expansion and economic development
Banking & Finance
Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024
This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
Economy
Egypt’s inflation rate decelerates to 33.3 percent in March
Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February
Economy
Egypt to raise minimum wage for private-sector workers
The minimum wage increase reflects commitment to safeguarding workers' interests
Egypt
Egypt’s trade deficit narrows 37 percent in January 2024
25.30 percent decline in imports reduces trade imbalance
Banking & Finance
Egypt’s foreign reserves jump to $40.36 billion in March
The reserves surged by 14.4 percent
Economy
Egypt’s currency crisis impacts non-oil sector demand: PMI data
PMI remained below the long-term average, signaling ongoing challenges
Banking & Finance
Egypt’s net foreign assets deficit shrinks by $7.04 billion in February
The financial support and land sale deal contributed to the NFA improvement
Economy
IMF ties Egypt’s $8 billion loan disbursement to currency flotation
Economic reforms and currency flexibility to unlock funding
Egypt
Decline of 46 percent in Egypt’s population growth rate from 2017 to 2023: Report
In 2023, the population growth rate in Egypt declined by 1.4 percent, the lowest in the last 50 years
Economy
Egypt’s cabinet approves $135.74 billion budget for 2024-2025
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
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