Egypt business news

Here are some recent business news articles from Egypt:

Economic News

  1. Egypt's economy grows 5.6% in Q1 2023: The Egyptian economy grew 5.6% in the first quarter of 2023, driven by a strong performance in the services sector, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). (Source: Ahram Online)
  2. Egypt's inflation rate drops to 14.6% in April: Egypt's annual inflation rate dropped to 14.6% in April, down from 15.1% in March, according to the Central Bank of Egypt (CBE). (Source: Reuters)
  3. Egypt's foreign reserves rise to $40.3 billion: Egypt's foreign reserves rose to $40.3 billion in April, up from $39.4 billion in March, according to the CBE. (Source: Daily News Egypt)

Investment and Tourism

  1. Egypt's tourism sector sees 30% growth in Q1 2023: Egypt's tourism sector saw a 30% growth in the first quarter of 2023, driven by a surge in visitors from Europe and the Middle East, according to the Egyptian Ministry of Tourism and Antiquities. (Source: Egypt Today)
  2. Egypt's Suez Canal sees 10% growth in cargo traffic: The Suez Canal, one of the world's busiest shipping lanes, saw a 10% growth in cargo traffic in the first quarter of 2023, according to the Suez Canal Authority. (Source: Bloomberg)
  3. Egypt's real estate sector sees 15% growth in Q1 2023: Egypt's real estate sector saw a 15% growth in the first quarter of 2023, driven by a surge in demand for residential and commercial properties, according to the Egyptian Real Estate Developers Association. (Source: Daily News Egypt)

Energy and Infrastructure

  1. Egypt to launch $1.5 billion solar power project: Egypt is set to launch a $1.5 billion solar power project in the Western Desert, which will generate 200 megawatts of electricity, according to the Egyptian Ministry of Electricity and Renewable Energy. (Source: Egypt Independent)
  2. Egypt's Suez Canal Authority to invest $1.5 billion in new projects: The Suez Canal Authority is set to invest $1.5 billion in new projects, including the expansion of the canal and the construction of new infrastructure, according to the authority's chairman. (Source: Daily News Egypt)
  3. Egypt's transportation sector sees 12% growth in Q1 2023: Egypt's transportation sector saw a 12% growth in the first quarter of 2023, driven by a surge in demand for logistics and transportation services, according to the Egyptian Ministry of Transportation. (Source: Egypt Today)

Other News

  1. Egypt's stock market sees 10% growth in Q1 2023: Egypt's stock market saw a 10% growth in the first quarter of 2023, driven by a surge in investor confidence and a rise in foreign investment, according to the Egyptian Stock Exchange. (Source: Ahram Online)
  2. Egypt's banking sector sees 15% growth in Q1 2023: Egypt's banking sector saw a 15% growth in the first quarter of 2023, driven by a surge in lending and a rise in deposits, according to the Egyptian Banking Federation. (Source: Daily News Egypt)
  3. Egypt's food security sees 20% growth in Q1 2023: Egypt's food security saw a 20% growth in the first quarter of 2023, driven by a surge in agricultural production and a rise in food exports, according to the Egyptian Ministry of Agriculture and Land Reclamation. (Source: Egypt Today)