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Egypt's struggling economy faces new risks as the war in the neighbouring Gaza Strip threatens to disrupt tourism bookings and natural gas imports. Oil-rich Gulf countries, which repeatedly ...
Waleed el-Degwy found his plumbing skills no longer earned enough for his family in Egypt's northern Nile Delta region, so he crossed the border to Libya where he boarded an old, overcrowded ...
During the period from 2014 to 2024, Egypt's total external debt doubled. The total external debt amounted to about US$165.4 billion by the end of the first quarter of 2023. The Central Bank of Egypt revealed that the value of Egypt's external debts due for repayment was equal to about US$29.229 billion during 2024. [8] [9]
July 18 – Egypt's Suez Canal reported a 23.4 percent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Houthi militia on Israeli-linked vessels. [20] July 30 – Five people are killed and nine others are injured when a boat capsizes on the Nile River in Cairo. [21]
This allowed Egypt to repurpose its security apparatus, making it the sole arbiter of Egypt’s economic and political system at a time when the country was still in transition. [ 1 ] The mass protests of the Arab Spring led to the 11 February 2011 resignation of former Egyptian president Hosni Mubarak and sparked largescale economic changes.
Egypt’s top diplomat on Thursday made an emotional appeal for an urgent increase in humanitarian aid going into Gaza by land, even as an aid ship loaded with some 200 tons of food was on its way ...
This is a list of governorates of Egypt by GDP and GDP per capita. The Egyptian pound (EGP) has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate (one International dollar per 4.538 EGP in 2021).
Since 2022 Egypt had been in the midst of an economic crisis, including record high inflation causing the Egyptian pound to lose nearly half its value from March 2022 to January 2023 [22] and a shortage of foreign currency, the latter of which driven in part by the Russian invasion of Ukraine. Prior to the crisis, roughly 30% of the population ...