Egypt’s economy is expected to grow by 4% by the end of fiscal year (FY) 2024/2025, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said in an interview with Richard Quest on CNN.

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib and the UAE’s Minister of Economy Abdullah bin Touq Al-Marri signed the minutes of the fourth session of the Egyptian-Emirati Joint Economic Committee in the UAE.

The World Bank (WB) is preparing for the second phase of Egypt’s budget support program, following the successful completion of the $500 million first phase in mid-2024.

Egypt is considering launching a unified financing initiative aiming to support over 5,000 startups, with 500 of these targeted companies attracting over $1 million each in investments.

The African Development Bank (AfDB) has greenlit a $170 million loan to support Egypt’s private sector development and economic diversification, with a main focus on green growth.

The World Bank expects Egypt’s real gross domestic product (GDP) growth for fiscal year (FY) 2024/2025 to hit 3.5% and 4.2% in FY2025/26, according to the financial institution’s Global Economic Prospects report for January.

EFG Holding has forecasted that the Egyptian economic growth would reach 3.7% in 2025 and 4.7% by 2026.

Egypt’s economic growth is expected to fall to 3.7% from 4.2% in fiscal year (FY) 2024/2025, according to Egypt Country Risk Report by BMI, a Fitch Solutions Company.

Public health is a cornerstone of Egypt’s overall economic landscape. With a large and diverse population, understanding their health needs and demographics is essential for fostering economic development. In recent years, public health initiatives have improved health outcomes and highlighted their economic significance. The government's commitment to health is further underscored by increased budget allocations to enhance healthcare infrastructure and services.

Prime Minister Mostafa Madbouly has reiterated Egypt’s commitment to maintaining a flexible exchange rate and ensuring the free movement of the US dollar, dismissing concerns about potential restrictions or sharp depreciation of the Egyptian pound.

Vice President for Africa of the International Finance Corporation (IFC) Sérgio Pimenta is visiting Egypt on November 24th.

Gender equality in the labor market could boost Egypt’s economic growth by 34%, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat stated.

President Abdel Fattah El-Sisi met with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva and her accompanying delegation to discuss Egypt’s ongoing economic reform program.

The International Monetary Fund (IMF) is set to begin its fourth review of Egypt's economic reform program on Tuesday, November 5th, as announced by Prime Minister Mostafa Madbouly during a press conference in Cairo with IMF Managing Director Kristalina Georgieva.

Fitch Ratings has upgraded Egypt's long-term foreign-currency issuer default rating (IDR) to 'B' from 'B-', with a stable outlook, citing significant improvements in the country's external finances, fiscal policies, and economic resilience.