Egypt has signed 55 agreements with multinational and local technology firms to expand its offshoring sector, creating over 70,000 jobs
Egypt economy
Latest in Egypt economy
Central Bank of Egypt
Egypt to receive $1.2bn IMF aid in January, says finance minister
Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund Facility arrangement
debt management
Egyptian government plans to borrow $39bn from local market in Q1 2025
Forty-eight treasury bill auctions worth EGP 1.780 trillion and 40 bond auctions worth EGP 203 billion are scheduled from January 1 to March 31
Central Bank of Egypt
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt’s fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
Egypt
Egypt to sell stakes in 10 state-backed firms in 2025
The companies will either be listed on the stock market or offered to investors through partnership arrangements
Egypt
Egypt’s October inflation edges up to 26.5%, below market expectations
Food prices in October were 27.3% higher than a year earlier
Agriculture
UAE’s Al Dahra plans to expand its business in Egypt
It discussed future investments in a meeting with Egypt’s Minister of Investment and Foreign Trade
Abu Dhabi
UAE plays critical role in Egypt economic turnaround with $35bn investment: Report
ADQ’s $35 billion investment in Ras El Hekma development singled out as the turning point in the fiscal fortunes of the country
Abu Dhabi
UAE President Sheikh Mohamed in Egypt for $110bn Ras El Hekma launch; development to house 2m people and create 750,000 jobs
UAE President Sheikh Mohamed witnesses launch of $35bn Ras El Hekma development in Egypt
Abu Dhabi
Abu Dhabi to invest $35bn in Egypt, plans hotels and attractions in Ras El-Hekma
Abu Dhabi’s ADQ reveals major investment plans to transform Egypt’s Ras El-Hekma in to major tourism and investment hub
Cairo
Egypt real estate prices jump up to 45% in a year as tourism gains drive property market
Thriving tourism and changes to laws in Egypt are driving the price of property in the country
economic crisis
Egypt’s economy freefalls as experts look to lessons from Lebanon’s crisis
Egypt’s economic crisis deepens as reform delays pile on fiscal and debt pressures
CBUAE
UAE and Egypt sign $1.4bn currency swap deal
UAE and Egypt’s central banks sign local currency exchange deal
Egypt
Wealthy Gulf investors eye Egypt’s real estate market with over $115bn investment
Investors from the UAE and Saudi Arabia lead Gulf investors in Egyptian real estate
Africa
Egypt eyes $120bn investment boom as Middle East drives real estate investment
Egypt’s real estate sector is set to flourish as investors look for opportunities
Egypt
Egypt announces $9bn of petrochemical projects
Egyptian Ministry of Petroleum and Mineral Resources announced major deals in developing sector
Egypt
Egypt announces 5-year visit visas
Egypt introduces new visas, welcomes visitors from 180 countries
