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 …
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Egypt
- AfricaBusinessEconomyEgyptGOVERNMENTNorth Africa
IMF Gives Egypt $1.2 Billion to Support Ongoing Economic Reforms
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 …
- EconomyEgyptGOVERNMENTNorth AfricaTravel & Tourism
ETF: Tourism in Egypt Increases by 15% Due to Government Strategies
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 …
- AfricaEconomyEgyptNorth Africa
Egypt’s Economic Reform Program: IMF Approves $1.2 Billion Disbursement Amidst Inflation Challenges
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 …
- AfricaAFRICA NEWSEgyptNorth Africa
Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
by Editorby EditorThe passing of Egyptian billionaire businessman Mohamed Al-Fayed, the former owner of Harrods department store and father of the late Dodi Fayed, has ignited a fierce contest among his four …
- AFRICA NEWSEgyptNorth Africa
Egyptian billionaire Ghabbour family suffers $26 million loss
by Editorby EditorThe Egyptian billionaire Ghabbour family has seen the market value of their equity stake in GB Corp slump by more than $26 million over the past 43 days due to …
- AfricaAFRICA NEWSAgricultureEconomyEducationHospitalNorth Africa
Overpopulation Egypt’s biggest obstacle for economic prosperity, says El Sisi
by Editorby EditorPresident said high birth rates are the main reasons behind the country’s struggling education and health sectors Egypt’s high birth rate and its population, the largest in the Arab world, was described …
- AfricaAFRICA NEWSBusiness PoliciesNorth Africa
Egypt: Gold-buying mania as national currency loses value
by Editorby EditorMany want to protect their saving by hoarding gold, but that has led to an exponential rise in the price of the metal, making it off-limits for other consumers. Egyptians …
The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and …