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The reserves were recorded at $47.109 billion in December
January's figure, highest since November 2020, rose due to improved market conditions and lower costs
For Egypt, external debt stands at approximately $152 billion
Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices
The country plans to boost growth while reducing inflation and managing internal and external debt ratios
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment
Suez Canal transit receipts fell 61.2 percent to $931.2 million in Q1
The leading markets importing from Egypt include Saudi Arabia, the UAE, Türkiye, and Italy
Egypt’s foreign trade surpassed $104.7 billion in FY 2023/24
This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023
Most notable decline was recorded in vegetable prices which saw a 14 percent dip last month
Landmark partnership marks the official market entry of Plaza Premium Group into Egypt
Egypt's tourism revenue rose 5 percent to $6.6 billion in H1 2024, up from $6.3 billion in 2023
The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025
At the close of August 2024, Egypt's net international reserves reached $46.597 billion
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
Surpassing the total exports for the entirety of 2023, which were recorded at $5.068 billion
Discussions are currently in progress to approve a second tranche of $4.14 billion
This approval follows a EUR1 billion EU support initiative endorsement
The program targets enterprises in pharmaceuticals, food, engineering, chemicals, textiles, mining, and construction
Suez Canal's revenues declined over 60 percent year-on-year in 2024
The top 10 banks in Egypt accounted for 79.73 percent of the sector’s total profits at EGP340.411 billion
Egypt seeks to raise the number of tourists to 30 million by 2030
