This Factsheet examines the drivers behind the restrictions, companies' responses, and their potential implications for industrial production, domestic markets, and Egypt's export performance.
The second week of November saw several significant economic developments, led by a surge in remittances from Egyptians working abroad to nearly $13 billion in the first quarter (Q1) of fiscal year (FY) 2026/2027.
The USD-EGP exchange rate declined on Thursday, November 12, reaching EGP 53.36 for buying and EGP 53.46 for selling at the National Bank of Egypt (NBE) on by 1:36 PM.
PARAGON | ADEER has signed an agreement with Hilton to open Canopy Cairo SumouBlvd and Canopy Residences Cairo SumouBlvd, marking the lifestyle brand’s debut in the Egyptian capital.
Prime Minister Mostafa Madbouly issued a decree transferring full ownership of the shares of two maritime companies from the Holding Company for Maritime and Land Transport to the Suez Canal Authority (SCA), as published in the Official Gazette.
