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Bookmark or Share- Egypt’s economy is bouncing back – for now | AGBIFurthermore, Egypt’s foreign exchange balance of $47 billion at the end of October was the highest it has been for more than 10 years. Even before the Abu Dhabi injection, Cairo had been maintaining reserves of $30-40 billion, double the levels seen during the economic turmoil following the Arab Spring in 2011.
- Egypt Economy, Politics and GDP Growth Summary - The ...High inflation, tight credit conditions and a move to austerity will constrain economic growth in 2024-25, but the rate should accelerate once the adjustment phase passes. Read more: Egypt taps Chinese capital market with successful Panda bond. Read more: Egypt's president announces a rise in wages and benefits.
- Egypt Overview: Development news, research, data | World BankEgypt, classified as a Lower Middle-Income country, had a GDP per capita of US$ 3,512.6 in FY23 (July 2022—June 2023). The country possesses significant potential to leverage its existing manufacturing and services sectors, a large domestic market, and strategic geographic location as a gateway to Africa, Asia, and Europe.
- Egypt floats its currency and agrees with the IMF to increase ...CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation.
- Economy of Egypt - WikipediaThe economy of Egypt is a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954–1970). During the rule of president Abdel Fattah el-Sisi (2014–present), the economy follows Egypt's 2030 Vision. The policy is aimed at diversifying Egypt's economy.
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