Fitch Solutions predicts Egypt’s current account deficit to decline to 4.8% of GDP
Fitch Solutions has forecasted that Egypt’s current account deficit will decrease from 6.8 percent of GDP in the previous fiscal year to 4.8 percent in the current fiscal year, driven by a robust recovery in remittances from Egyptians abroad. Despite this improvement, the report noted a widening trade deficit and reduced Suez Canal revenues. Looking […]
IFC confirms agreement on key elements of Egypt’s airport privatization plan
The International Finance Corporation (IFC) has confirmed significant progress in the discussions with the Egyptian government regarding the country’s airport privatization program. In a meeting held on November 24, 2024, Sergio Pimenta, Vice President for Africa at the IFC, stated that the two parties have reached consensus on most key aspects of the plan. Pimenta […]
Egypt discusses concerting efforts with FAO to achieve food security
During his visit to Italy to attend Rome MED Dialogues, Minister of Foreign Affairs and Immigration Badr Abdelatty met Monday Director-General of the Food and Agriculture Organization (FAO) Qu Dongyu. Minister Abdelatty shed light on the high global hunger rates, regress in humanitarian funding, and recurrent crises in the Middle East and Africa, which […]
Egypt’s FM Abdelatty meets representatives of Kuwaiti, foreign media outlets
Egypt’s Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty met on Sunday with representatives of Kuwaiti and foreign media outlets during his visit to Kuwait. Abdelatty reviewed the agenda and goals of his trip and the meetings he held with senior Kuwaiti officials to strengthen relations and push them to broader horizons, according […]
