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Egypt's sovereign dollar bonds rallied on Wednesday, with the longer-dated maturities gaining the most. The 2047 maturity rose by 1.96 cents to trade at 75.16 cents on the dollar by 1124 GMT.
Egypt’s new Cabinet was sworn in Wednesday with major changes in the defense, foreign ministry and economy portfolios as the country faces mounting public discontent and conflicts in neighboring ...
The economy of Egypt is the second-largest economy in Africa, and 39th in worldwide ranking as of 2024. Egypt is a major emerging market economy and a member of the African Union, BRICS, and a signatory to the African Continental Free Trade Area (AfCFTA). The country is witnessing a period of economic recovery after facing serious financial ...
The three credit rating agencies that monitor Egypt's sovereign debt have all downgraded their ratings during the crisis, and their outlook for future rating changes became negative. [10] [37] [38] On October 21, 2023, S&P Global Ratings downgraded Egypt's foreign and local currency sovereign rating to “B-” from “B” with a stable ...
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.
CAIRO (Reuters) -Former army chief Abdel Fattah al-Sisi is set to secure six more years as Egypt's president in an election held in the shadow of the nearby war in the Gaza Strip, despite growing ...
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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).