Egyptian Economy
Minister of Labor Hassan Raddad affirmed that the decline in Egypt’s unemployment rate to approximately 6% during the first quarter of 2026 reflects the strength of the Egyptian economy and the significant development momentum the country is witnessing under the leadership of President Abdel Fattah El-Sisi.
Speaking on Wednesday at a World Bank session led by Managing Director for Operations Anna Bjerde, Abdelatty discussed the economic fallout of escalating military tensions in the region.
The government is closely monitoring developments to ensure stable supplies, enhance competitiveness and preserve economic gains achieved in recent years amid a highly volatile global environment.
The ministers ]reviewed efforts to open new external markets to support Egyptian exports and expand trade exchange with partner countries, contributing to sustainable development objectives and strengthening the competitiveness of the national economy.
“I’m talking about the hour, not the day, month, or year,” the president said as he delivered a speech to mark the 52nd anniversary of the October War during an annual Armed Forces’ symposium, held on Sunday.
Sisi underscored the need for enhancing financial discipline through governmental measures that support the performance of the Egyptian economy and bolster national development efforts.
President Abdel Fattah El Sisi shed light, Wednesday on the US dollar crisis and its impact on the Egyptian economy, assuring that ‘the solution for the US dollar crisis in our country is to reduce the ‘importing bill’ and reduce ‘dollar-spending’.
Famed Egyptian Singer Ahmed Saad Donates 50000 USD To Support Egyptian Economy.
Egypt’s Cabinet has announced issuing a research project that includes the proposed strategic orientations for the Egyptian economy during the third presidential term of President Abdel Fattah El-Sisi, spanning 2024 to 2030.
President Abdel Fattah El-Sisi has directed to continue enhancing project implementation efficiency, aiming to improve the indicators of the general budget and reduce the overall budget deficit.
The International Monetary Fund (IMF) raised its forecast for the growth of the Egyptian economy to 6.6 percent in the current fiscal year, according to its World Economic Outlook released Tuesday.
The Egyptian economy has “proven itself” in the face of challenges in such flexibility that it achieved a 1.46 percent primary surplus of GDP during the fiscal year 2021/2022, according to the Cabinet.
Overlooking the Great Pyramids of Giza this year is the return of RiseUp Summit, bringing back its signature gathering of entrepreneurial spirit and ideas.
Standard & Poor's credit rating agency has kept the sovereign rating of the Egyptian economy at the level of B / B in the long-term and short-term, while maintaining a stable outlook. Below are six figures that indicate how the Egyptian economy will continue to improve in the coming period.
The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.
Egypt's portfolio flows are recovering, with reported net inflows of more than $9 billion between June and October—following more than $15 billion in outflows during March/April— reflecting attractive domestic yields with 90-day T-bills at around 13.5 percent, International Monetary Fund (IMF) said Thursday.
The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic program supported by the IMF’s $5.2 billion Stand-by Arrangement
Finance Minister Mohamed Maait said the Egyptian economy managed to maintain resiliency in the face of the fallout of the coronavirus due to the historic economic reforms over the past few years.
Maeet said the report affirms that partial closure Egypt had imposed in light of the coronavirus crisis has spared Egypt further harm to economy.
Many parliament members said that this increase restores much confidence in the Egyptian economy and encourages investments.
