economy
This is lower than the previously forecasted 20 percent, with AfDB pointing to “high food and nonfood prices and the devaluation of the Egyptian pound"
The Egyptian National Council for Women (NCW) launched an awareness media campaign within the framework of the project "Addressing the Economic Motives of Illegal Immigration."
The weather has the most extreme impact on human health, safety, food and water security, and social and economic development in Africa, especially the most vulnerable groups.
Hala Al-Saeed, delivered a report on the economic and social plan before the House of Representatives, which referred to the most important sectoral indicators in this regard as follows:
This came as Egyptian Minister of Finance, Dr. Mohamed Maait confimed in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.
The inaugural meeting of the Supreme Investment Council has concluded, marking a significant step towards economic growth.
El-Ezaby will utilize the investment to increase its branch count to almost 600, the pharmacy chain has been looking to expand its services to serve as much customers as possible.
The Egyptian Cabinet’s Media Center published a report highlighting Egypt’s export figures and trade indicators.
The negotiations are currently underway between those entities and the government revolve around royalty, tax rates among others
Exports of the building materials industry reached nearly $6.9 billion in 2022, up from $6.5 billion in 2021.
CBE reported the value of gold listed in reserves increased to $8 billion in April, compared to $7.3 billion in December, an increase of $705 million.
Gregório’s visit will focus essentially on the new political-administrative centers, construction of highways and new urban centers.
The agency showed that the revenues were about L.E. 8.6 billion in the same month in 2022, recording an increase of about L.E. 14.1 billion.
BNP Paribas contributed the short-term deaccelerated growth to weakened household purchasing power and a slowdown in some major infrastructure programs
Chinese Ambassador in Cairo Liao Liqiang has expressed his country's confidence in Egypt's ability to overcome current challenges, maintain social stability and economic development and make a new progress in its march towards building the "New Republic".
In its report on global economic prospects, issued Tuesday, the IMF expected that inflation rates in Egypt would reach 21.6 percent during 2022/2023, declining to 18 percent in 2023/2024.
Egypt's President Sisi met with officials to discuss Suez Canal's exceptional Q1 performance, with record daily traffic and a 35% revenue surge.
The World Bank elaborated that Egypt's forecast reflects the expectation that its competitiveness might be increased due to the recent depreciation of the Egyptian pound.
A study by the Egyptian Center for Thought and Studies highlighted the importance of sand a commodity that is bought and sold, due to its many uses on which many strategic industries depend.
The IFC has a growing investment portfolio amounting to about $1.5 billion in investment projects in Egypt, in addition to $32 million in advisory programs.
