The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
Egypt has recorded its biggest drop in external debt in history, reducing its foreign debt burden by about US$12.9 billion in 2024. This brings the total to $155.093 billion by …
The Central Bank of Egypt (CBE) has announced that the country’s net foreign assets recorded a sharp increase of over US$1.5 billion in February 2025. This pushed the total to …
The International Monetary Fund (IMF) has released $1.2 billion to Egypt as part of the country’s ongoing economic reform plan. This marks the fourth payment under the Extended Fund Facility …
Hossam Hazaa, a member of the Egyptian Tourism Federation (ETF), has stated that tourism rates in Egypt have increased by 15% to 20% in some areas. He attributed this growth …
Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
Forbes’ latest report reveals that Africa’s billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their …
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the completion of the fourth review of the country’s economic reform program. This decision underscores the …
Egypt’s economic reforms are gaining traction as the country intensifies efforts to attract foreign direct investment and stabilize its financial ecosystem. The Central Bank’s currency adjustments, along with government-driven manufacturing …
Within the framework of “AfriSummit 2024” held in Cairo from November 3 to 6, a strategic meeting took place between the Ugandan delegation, led by the Ugandan Ambassador and representatives …