Egypt’s BoP current account deficit narrows 45.2% YoY in Q1 FY2025/26
The Egyptian economy showed a positive balance of payment (BoP) in the first quarter (Q1) of fiscal year (FY) 2025/26, with the current deficit falling by 45.2% to $3.2 billion from $5.9 billion a yea...
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The past week delivered a cluster of positive signals for Egypt’s economy, as the IMF raised its real GDP growth forecast for fiscal year (FY) 2025/2026, while the CBE posted its balance of payments (BoP) reports for the first quarter of the FY.
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.
