Latest news and articles about Egypt economy from NEX English
A member of the Real Estate Development Chamber in Egypt reported that real estate sales to foreigners have surpassed the $2 billion mark annually, reflecting a growing interest from foreign investors in the Egyptian market. This trend indicates a robust growth in the real estate sector, a key driver of the Egyptian economy.
Italian company Unifers has announced plans to establish two new garment factories in Egypt, aiming to create an integrated production chain. The company's CEO confirmed that production is expected to begin by the end of 2027.
Egypt has announced the issuance of social and developmental bonds worth <strong>$1 billion</strong>, reflecting its ability to enter international markets despite geopolitical challenges. This move comes at a critical time for the Egyptian economy.
Gold prices in Egypt have seen a significant drop today, with 21K losing about 25 pounds. This decline comes amid considerable market fluctuations.
Bank Misr has announced the launch of new investment certificates for 2026, featuring competitive returns and guaranteed profits. This initiative reflects the bank's commitment to meet customer needs amid current economic conditions.
The Bank of Egypt has announced the launch of new savings certificates with yields reaching up to <strong>20.5%</strong>, reflecting a push to enhance savings amid current economic conditions. These new certificates aim to attract more savings and strengthen individuals' financial stability.
Attention is turning to Egypt's real estate and manufacturing sectors, which are experiencing significant growth. This trend reflects the government's efforts to boost the national economy and achieve sustainable development.
The real estate market in Egypt has experienced significant transformations recently, with increasing investments and diverse projects. These developments reflect the market's dynamism and investor trends.
Ahmed Sabour, Chairman of Sabour Company, announced that Egyptian real estate exports achieved $1 billion in the first half of this year. These figures reflect significant growth in the Egyptian real estate market despite the economic challenges facing the country.
The Egyptian Parliament has definitively approved amendments to the social insurance law, despite opposition from several lawmakers who argue these changes could negatively impact citizens' rights.
The General Assembly of 'Ferkim Egypt' has approved the distribution of profits amounting to <strong>500 million pounds</strong> to shareholders, reflecting the company's strong financial performance. This decision aims to enhance investor confidence in the Egyptian market.
On Sunday, May 3, 2026, Luxor markets witnessed significant changes in vegetable and fruit prices. Some prices increased while others remained stable, reflecting the local market conditions.
On Saturday, May 2, 2026, the price of a ton of rice in local markets saw a significant increase, reaching approximately <strong>5000 Egyptian pounds</strong>. This rise reflects the fluctuations in the agricultural market amid volatile economic conditions affecting basic commodity prices.
Egyptian banks have announced an increase in the returns on savings certificates, providing investors with the opportunity to achieve higher profits. If you have 100,000 EGP, here's how you can benefit from this increase.
The Egyptian Ministry of Agriculture announced that the country's agricultural exports have exceeded <strong>3.7 million tons</strong> since the beginning of 2026. This reflects the success of government efforts to enhance this vital sector.
The US dollar has seen a significant rise against the Egyptian pound today, May 1, 2026, reaching approximately <strong>30.50 EGP</strong> in Egyptian banks. This increase reflects the impact of global economic changes on the local market amid various challenges facing the Egyptian economy.
On Tuesday, April 28, 2026, the exchange rate of the US dollar against the Egyptian pound reached new levels in Egyptian banks. The fluctuations in exchange rates are significantly impacting the local market.
The head of the Real Estate Development Chamber revealed that most of the wealth of Egyptians over the past three decades has been formed through investments in the real estate sector, highlighting its significance in the Egyptian economy.
The registration deadline for the initiative aimed at Egyptians abroad is approaching, offering a final opportunity for citizens to take advantage of the benefits provided. This initiative seeks to facilitate the import of cars at competitive prices.
Qatar National Bank has announced a loan of <strong>5.5 billion EGP</strong> to Makariz, reflecting the bank's commitment to supporting major projects in the Egyptian market. This financing aims to enhance cooperation between the private and public sectors.
The head of the Car Dealers Association in Egypt has revealed the reasons for a recent 15% increase in car prices, citing multiple factors affecting the local market. This rise comes at a time when the sector faces significant challenges.
Dr. Mostafa Madbouly, the Prime Minister, announced a new initiative aimed at encouraging factories and homes in Egypt to transition to solar energy. This step is part of the government's efforts to enhance the use of renewable energy and reduce reliance on traditional sources.
Ticket prices for Egyptian artist Amr Diab's concert have surpassed one million pounds, sparking mixed reactions. Parliamentary member Mustafa Bakri highlighted that such prices reflect societal priorities amid current economic challenges.
The head of the Financial Regulatory Authority announced new mechanisms aimed at attracting foreign investors and enhancing capital markets in Egypt. This initiative is part of the government's efforts to boost the national economy and draw in foreign investments.
The Egyptian government has announced plans to secure billions of dollars in loans as part of its efforts to strengthen the national economy. This move comes at a time when the country is facing significant economic challenges.
The meteorological agency has announced cold weather today, with rising temperatures expected in Egypt starting tomorrow. This change will affect various regions, particularly the northern areas.
On Thursday, April 9, 2026, the price of the US dollar against the Egyptian pound showed notable stability in Egyptian banks. The dollar was priced at approximately <strong>30.50 pounds</strong>, reflecting the current state of the financial market.
The Central Bank of Egypt announced that the net international reserves have reached <strong>$52.6 billion</strong>, reflecting a significant improvement in the country's financial situation. This milestone comes as the government aims to bolster the national economy amidst global economic challenges.
The Egyptian government has announced the introduction of a new 2-pound coin while retaining existing denominations. This initiative aims to enhance the national economy and facilitate daily transactions.
On Wednesday, April 8, 2026, the price of the US dollar against the Egyptian pound reached new levels in official banks. The dollar price stabilized in most banks after recent market fluctuations.