2025 at a Glance: Spotlighting Key Economic Indicators
In Part II of the 2025 at a Glance factsheet series, we highlight the performance of some of the key economic indicators in Egypt. Over the period of the last 12 months, the inflation rate declined si...
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2025 at a Glance: Spotlighting Key Economic Indicators
In Part II of the 2025 at a Glance factsheet series, we highlight the performance of some of the key economic indicators in Egypt. Over the period of the last 12 months, the inflation rate declined significantly by 12.9 percentage points. Meanwhile, the purchasing managers index (PMI) witnessed a fluctuating yet downward trend. Net international reserves (NIR) increased between January and December, shifting toward gold holdings with an additional 2.5 tons added to the reserves.
USD/EGP exchange rates fall on Thursday
The exchange rate between the USD and EGP declined on Thursday, recording EGP 47.1 for buying and EGP 47.2 for selling at Banque Misr and the National Bank of Egypt (NBE).
Madinet Masr signs MoU With Aboelwafa to build ClubSide in Taj City
Real estate developer Madinet Masr has signed a memorandum of understanding (MoU) with Aboelwafa for Contracting and Real Estate Investment Company to execute construction works in the ClubSide project within Taj City, with total investments of EGP 3.3 billion.
El-Wazir explores auto manufacturing investment in Egypt with Toyota Tsusho
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir met with a delegation from the Japanese company Toyota Tsusho and discussed increasing investments in Egypt, according to a statement.
