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Egypt Economy

How currency devaluation is impacting businesses in Egypt

With the recent devaluation of the Egyptian pound, businesses across various sectors are feeling the strain.

EU commits $1.07 billion to support Egypt’s economic stability

The European Union (EU) commitment to provide $1.07 billion to support Egypt's economic stability is a significant step towards...

Egypt’s inflation surges post currency devaluation

In March, Egypt experienced a significant surge in inflation following the country's currency devaluation and a series of austerity...

UAE considering $22 Billion purchase of Egypt’s shoreline

The United Arab Emirates (UAE) is considering a massive $22 billion purchase of Egypt's shoreline in a bid to...

Egypt boosts trade with UAE in $1.4 billion currency swap deal

Egypt and the United Arab Emirates have signed a local-currency swap agreement worth approximately $1.4 billion in an effort...

Egypt inflation skyrockets with a record-breaking 40% increase

Egypt's economy is facing a dire situation as inflation rates skyrocket with a record-breaking 40% increase. This alarming figure...

Will Egypt’s entry into the BRICS alliance ignite foreign investment?

Egypt's inclusion in the BRICS alliance of developing nations has sparked hopes of easing its shortage of foreign currency and...