Ahmed Mohamed

Egypt

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Egypt aims for private sector to constitute over 70% of its economy

The Egyptian government is committed to empowering the private sector to take the lead in driving economic growth and capturing a significant share.

Egypt’s finance minister says cutting inflation is priority

Maait also said the government aimed to sell more state assets, which would reduce the state’s role in the economy.

Egypt’s external debt to remain high in FY23/24 due to EGP depreciation

Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris.

Flour cost reduction fails to lower bread prices in Egypt

Several bakers in Cairo are not following the government's warning, and are instead basing their prices on the market, setting up a potential showdown

Egyptian gold investment funds witness about 103K investors

The combined number of people who invested in two gold investment funds has reached approximately 103,000 by the end of March 2024.

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