Escalating Inflation Challenges Egypt’s Economy as Inflation Records a Record High of 38.2%
Escalating Inflation Challenges Egypt’s Economy as Inflation Records a Record High of 38.2% Egypt’s economy sees annual inflation rates reaching a record high in…
Okur Energy plans 4 billion USD investment for hydrogen production in Egypt
Okur Energy plans 4 billion USD investment for hydrogen production in Egypt. India’s Okur Energy is set to invest 4 billion USD in green…
Egypt sees a 17% drop in goods exports in the first half, totaling $16 billion
Egypt sees a 17% drop in goods exports in the first half, totaling $16 billion. Egypt’s non-oil merchandise exports experienced a 17% dip in…
Finance Minister announces measures to waive fines for oil companies and boost exports
Finance Minister announces measures to waive fines for oil companies and boost exports. Dr. Mohamed Maait, Egypt’s Finance Minister, has made amendments to the…
Central Bank of Egypt surprises markets with interest rate hike
Central Bank of Egypt surprises markets with interest rate hike. The Central Bank of Egypt raised interest rates by 100 basis points to tackle…
Early Hiker Nations Offer Clues to Immaculate Disinflation
Egypt’s GDP expected to grow 4% in FY 2024 while EGP is expected to weaken slightly
Egypt’s GDP expected to grow 4% in FY 2024 while EGP is expected to weaken slightly. Egypt’s economy is projected to grow by 4%…
Shell to start drilling oil exploration wells in Egypt in September
Shell to start drilling oil exploration wells in Egypt in September. Shell is set to begin drilling new oil exploration wells in Egypt’s Mediterranean…
Egypt’s net foreign asset deficit reaches a record level
Egypt’s net foreign asset deficit reaches a record level. Egypt’s net foreign assets deficit increased to negative 27.1 billion USD in June from negative…
