Prime Minister Mostafa Madbouly emphasizes Egypt's commitment to stimulating the investment climate, removing investment obstacles and providing basic industrial infrastructure.
12.10.2023 Egypt Independent
The size of non-cash transactions in Egypt is expected to increase to $27.63 billion by 2027, with an annual increase of 14.03 percent.
12.10.2023 Ahram Online
The minister mentioned that the company's investment activities will be within Egypt. Its shares will be listed on the Egyptian Stock Exchange (EGX) and some international exchanges.
12.10.2023 EgyptToday
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates.
12.10.2023 Ahram Online
The Ministry of Finance in Egypt reported that tax revenues surged by 27.5% during the Q1 of current fiscal year, reaching LE 250 billion.
12.10.2023 EgyptToday
Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023 Reuters
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies.
12.10.2023 Ahram Online
The International Monetary Fund has reduced its growth forecast for the Egyptian economy in the fiscal year 2023-2024 to 3.6%, down from its previous estimate of 4.1%.
11.10.2023 egyptindependent.com
CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023 Ahram Online
Egypt's annual urban consumer price inflation escalated to a record high of 38% in September, exceeding analyst predictions and up from 37.4% in August, according to data from CAPMAS.
11.10.2023 Reuters
