Ernst & Young expects Egypt’s inflation rate to record its largest slowdown in nearly three years in the coming period, supported primarily by continued stability in exchange rates.

Business conditions in Egypt’s non-oil private sector improved in November, with firms reporting the fastest increases in output and new orders in five years.

The Central Bank of Egypt (CBE) has granted approval for Misr Digital Innovation (MDI) to transition into onebank, the country’s first fully digital native bank, as per a press release.

The sectors of manufacturing, tourism, and information and communications technology (ICT) have led Egypt’s economic growth in the first quarter (Q1) of fiscal year (FY) 2024/2025 to about 3.5%, compared to 2.4% in the previous quarter, Minister of Finance Ahmed Kouchouk revealed.

The International Monetary Fund (IMF) has cut its forecast for Egypt's real gross domestic product (GDP) growth by 0.5% and 1% for the current and next fiscal years (FYs) 2024/2025 and 2025/2026.

Egypt’s food sector plays a vital role in supporting the national economy, with investments exceeding EGP 500 billion, said Minister of Investment and Foreign Trade Hassan El-Khatiba.

Egypt's real gross domestic product (GDP) growth decelerated to 2.4%in the first nine months of fiscal year (FY) 2023/2024, down from 4.1% in the same period a FY earlier, data from the Central Bank of Egypt (CBE) showed.

Egypt’s net international reserves (NIR) edged up to $46.488 billion at the end of July, the Central Bank of Egypt (CBE) stated.

For decades, Egypt's pristine beaches have captivated tourists seeking a taste of paradise. Now, Egyptian tourism officials are setting their sights beyond the allure of traditional beach vacations. Hence, the country is taking steps to elevate the tourism experience and boost economic growth.

The United Nations (UN) has forecasted that the Egyptian economy could lose about $20 billion during the current and upcoming fiscal years (FYs) 2023/2024 and 2024/2025 if the ongoing conflict in Gaza escalates further.

Fitch Ratings has upgraded the outlook of four Egyptian banks’ long-term issuer default ratings (IDRs), namely the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Commercial International Bank (CIB), from stable to positive, affirming IDRs at B-.

The European Bank for Reconstruction and Development (EBRD) expects the growth of the Egyptian economy to narrow to 3% in the current fiscal year (FY) 2023/2024.

The National Bank of Kuwait’s (NBK) Economic Research Department expects Egypt’s foreign exchange (FX) reserves to reach $45-46 billion by the end of May after receiving the second tranche of the Ras El-Hekma deal.

HSBC Global Research forecasts potential policy shifts by the Central Bank of Egypt (CBE) during its May Monetary Policy Committee (MPC) amidst Egypt's stable inflation landscape.