egypt economy Stories

Egypt and Somalia sign strategic partnership agreement
Abdirahman Khalif  |  Jan 23, 2025

The meeting, held in Cairo, marked a pivotal step in strengthening cooperation between the two nations across a range of areas, including trade, cultu...

Egyptians struggle with first bread subsidy cut in decades
Reuters  |  Jun 05, 2024

The impact of the price increase will be felt by millions because the subsidised loaves are a staple for much of the population of about 106 million.

Egyptian President Abdel Fattah al-Sisi sworn in for third term
AFP  |  Apr 02, 2024

In power for the past decade, the 69-year-old former army chief is set to remain president until 2030.

IMF approves $820 million as part of Egypt bailout
AFP  |  Mar 30, 2024

The IMF action, repeatedly postponed and eagerly awaited by the Egyptian government, arrives at a time of mounting difficulties for its economy.

Egypt faces dollar crunch as debt explodes
Agency  |  Feb 01, 2024

Amid a severe foreign currency crunch, the US dollar has become hard to come by as the Egyptian pound is plunging and inflation is surging at 35 per c...

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