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Category: Egypt
Egypt’s annual core inflation records 24.4% in October according to Central bank
Egypt’s annual core inflation rate stood at 24.4% in October 2024, showing a slight decrease from 25% in September 2024, according to data released by ... Read More
Egypt ranks among the Top 10 African Nations for infrastructure improvements
A recent report by Business Africa has identified the top 10 African nations with the most improved infrastructures in 2023, highlighting five Arab countries: Egypt, ... Read More
Egypt loses 70% of Suez Canal revenue due to Gaza war – IMF
The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of ... Read More
World Bank revises downwards growth rate forecasts for Tunisia, Egypt in 2024/2025
The World Bank has revised Tunisia's 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, ... Read More
Nile River accord enters into force despite Egypt, Sudan objection
Six Nile upstream countries have ratified a deal dubbed The Nile River Basin Cooperative Framework (CFA) Agreement, which officially entered into force on October 13, ... Read More
Egypt launches investment fund for Nile Basin countries
Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was ... Read More
Somalia welcomes Egypt’s offer to deploy troops
Somalia said it welcomes an Egyptian offer to deploy troops once the mandate of an African Union peace keeping mission expires in December. The decision ... Read More
Egypt to reinforce security cooperation with Ethiopia’s neighbors
Egypt, Somalia, and Eritrea agreed to foster their security cooperation ties, amid worsening ties between Cairo and Addis Ababa. The alliance leaves Ethiopia further isolated ... Read More
Egypt unveils Fourth National Plan to combat illegal migration for 2024-2026
Egypt unveils Fourth National Plan to combat illegal migration for 2024-2026Egypt launched its fourth national action plan to combat and prevent illegal migration for 2024-2026. ... Read More
Egypt’s inflation rate increases by 2.3% in September 2024
According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's general consumer price index reached 236.5 points in September 2024, reflecting a monthly ... Read More