Latest news and articles about Egyptian economy from NEX English
The Egyptian Ministry of Finance has announced an increase in the minimum wage, set to take effect in April 2026. This decision is part of the government's efforts to enhance living standards amid current economic challenges.
Egypt's Finance Minister, Mohamed Maait, announced the allocation of <strong>120 billion pounds</strong> to support the energy sector, with plans to launch three new companies to boost the national economy. This initiative aims to enhance investments and improve the efficiency of this vital sector.
The Egyptian Ministry of Finance announced the issuance of new treasury bills totaling <strong>95 billion pounds</strong>. This initiative is part of the government's efforts to enhance financial liquidity and support the national economy.
The Egyptian government has announced its strategy to reduce external debt by $2 billion annually. This initiative aims to enhance financial stability and improve economic conditions in the country.
On Sunday, April 12, 2026, chicken prices in Egypt saw a notable decline, particularly in the price of white chicken. This change reflects the prevailing trends in the market.
Egypt's Minister of Finance, Mohamed Maait, announced significant measures to improve energy efficiency in the national economy, focusing on expanding new and renewable energy sources. These statements are part of the government's efforts to achieve sustainable development.
The Port of Damietta has received 23 diverse ships, reflecting a notable activity in maritime navigation. The incoming vessels carry various goods, contributing to the enhancement of both local and international trade.
On Thursday, April 9, 2026, prices for white chicken, Sasso chicken, and egg cartons in Egypt experienced noticeable changes. Prices have slightly increased, impacting the budgets of Egyptian families.
The Egyptian Ministry of Finance has announced its preparations to update certain coins, aiming to enhance the efficiency of the monetary system and boost confidence in the local currency. This initiative comes amid increasing efforts to strengthen the national economy and improve financial services.
The Economic Committee of the Egyptian House of Representatives has completed 10 articles of the Competition Protection and Anti-Monopoly Practices Law, reflecting the government's efforts to enhance the business environment in the country.
Meat prices in Matrouh remain stable today, April 8, 2026, with red and white meat prices showing similar levels. Demand for meat continues to rise as the holy month of Ramadan approaches.
Amir Group announced it is considering restructuring the ownership of one of its subsidiaries to enhance performance efficiency and improve financial results. This strategic move comes amid current economic challenges.
The Financial Regulatory Authority reported that total funding from its affiliated entities reached <strong>65.6 billion Egyptian pounds</strong> in January 2023, indicating significant activity in the financial sector.
The Egyptian Ministry of Supply announced that the 400 EGP subsidy for food card beneficiaries will continue until 2026. This decision is part of the government's efforts to support low-income families amid economic challenges.
The price of the US dollar has seen a notable increase at the end of bank transactions on Tuesday, April 7, 2026, reaching new levels that capture market attention. This rise comes at a sensitive time for the local economy.
The Financial Regulatory Authority announced that the total funding provided by regulated entities reached <strong>65.5 billion pounds</strong> by the end of January 2026. This figure reflects the increasing financial activity in the Egyptian market.
On Tuesday, April 7, 2026, the dollar's price against the Egyptian pound remains stable, with banks reporting similar rates. The financial market is witnessing increased interest from traders and investors.
The Egyptian Ministry of Manpower has announced the date for the upcoming disbursement of the irregular labor grant, expected to be issued in the coming days. This grant is part of the government's efforts to support those affected by the repercussions of the COVID-19 pandemic.
The Egyptian Ministry of Petroleum announced the successful drilling of a new well in the Gulf of Suez, expected to produce around <strong>2500 barrels per day</strong>. This achievement reflects ongoing progress in the Egyptian energy sector.
Today, chicken and egg prices in Matrouh have shown significant stability, with white chicken priced between <strong>50</strong> and <strong>55</strong> Egyptian pounds per kilo, while a carton of eggs costs <strong>75</strong> pounds. This stability comes amid efforts by the Egyptian government to regulate the market and provide essential goods to citizens.
The Egyptian Minister of Finance has unveiled a new strategy aimed at rationalizing spending and maximizing revenues, emphasizing the importance of these measures for financial stability. This announcement comes at a critical time that demands effective actions to address economic challenges.
An economic expert emphasized the importance of studying the Chinese experience in building strategic reserves for up to <strong>10 years</strong> to tackle current economic challenges in Egypt. This approach is vital for enhancing food and economic security in the country.
The Electrical Appliances Division in Egypt has stated that citizens are primarily responsible for rising prices due to their purchasing behavior. This statement comes amid significant market fluctuations affecting consumers.
On Monday, April 6, 2026, the price of the US dollar against the Egyptian pound showed notable stability in Egyptian banks, reaching 30.50 pounds. This reflects current trends in the financial market amid ongoing economic conditions.
The Egyptian Senate has finalized amendments to the Competition Protection and Anti-Monopoly Law, reflecting the government's commitment to enhancing the business environment. These changes aim to promote fair competition and provide greater protection for consumers.
The Deputy Head of the Vegetables and Fruits Sector confirmed that agricultural product prices are experiencing a gradual decline, reflecting an improvement in the market situation. This drop comes as citizens seek reasonable prices that meet their needs.
The price of the US dollar showed remarkable stability at the end of trading on Monday, April 6, 2026, with average exchange rates in Egyptian banks remaining close. Financial markets continue to monitor fluctuations in exchange rates and their impact on the local economy.
A responsible source revealed that the disbursement of the 400 EGP grant on ration cards will continue until the end of this month. This grant aims to support the most needy families amid challenging economic conditions.
The Justice Minister has issued a new decree appointing judicial officers for the Competition Protection Authority to enhance efforts in pursuing violators of competition laws. This decision aims to ensure a fair competitive environment in the country.
The Egyptian government has announced the salary payment date for April 2026, coinciding with a new increase in the minimum wage. This decision aims to improve the living standards of citizens amidst ongoing economic changes.