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Economy Country 2025-11-28T04:20:42+00:00

Egypt's GDP Grows by 5.3% in Q1 of FY 2025/2026

Egypt's Ministry of Planning reported a 5.3% growth in the country's Gross Domestic Product in the first quarter of the fiscal year 2025/2026, marking a significant increase from the 3.5% growth recorded in the same period last year.

Egypt's GDP Grows by 5.3% in Q1 of FY 2025/2026

Egypt's Ministry of Planning announced on Thursday that the Gross Domestic Product (GDP) grew by 5.3% in the first quarter of the fiscal year 2025/2026, an increase from 3.5% growth in the same period of the last fiscal year.

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Egyptian Banks Disclose Foreign Exchange Rates
2025-11-27T13:11:26+00:00

Egyptian Banks Disclose Foreign Exchange Rates

Egyptian banks started to disclose foreign currency rates against the Egyptian pound. The decision is expected to impact importers and exporters. Experts believe the move aims to stabilize the forex market.
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Egypt Announces New Oil Discovery
2025-11-26T16:23:20+00:00

Egypt Announces New Oil Discovery

Egypt's Ministry of Petroleum and Mineral Resources announced a significant oil discovery in the Gulf of Suez by GASCO, which is crucial for the country's economy.
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Maersk to Resume Suez Canal Transit When Conditions Permit
2025-11-26T07:18:01+00:00

Maersk to Resume Suez Canal Transit When Conditions Permit

Maersk's CEO confirms plans to restart Red Sea and Suez Canal transit once safety conditions are met, focusing on risk assessment and regional stability.
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