Egypt
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
The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1
$8 billion IMF program boosts confidence amid economic reforms
This $5 billion facility is subject to approval by the IMF Executive Board
Egypt's international bonds surged after CBE’s announcement
PMI survey highlights deterioration in business activity, output and employment
The agreements are centered in the fields of green hydrogen and renewable energy
The country is striving for an annual growth rate of 25 to 30 percent in inbound tourism
Currency devaluation stress eases amidst mega development deal
ADQ will acquire the development rights for Ras El-Hekma, a coastal region in Egypt
Efforts to tackle inflation and improve investor confidence to drive growth
The project is expected to generate over 2,000 job opportunities
President El-Sisi addresses economic challenges and commitments amidst regional turbulence
BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.
