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News

Egyptian cabinet approves electricity ration plan to boost natural gas exports

Since the start of the Russian/Ukraine conflict, Egypt has had to deal with a foreign currency shortage due to accelerating global commodity prices and increased cost of borrowing

Food exports up $51M in export value during H1 2022 | Food Export Council

According to FEC, the number of Egyptian companies and factories exporting during H1 2022 within the sector is around 1,678, including 302 companies whose exports exceed $1 million

Saudi Egyptian Investment Co. buys minority stakes in 4 state-owned companies

The newly-launched Saudi Egyptian Investment Company (SEIC) has acquired minority stakes in 4 Egyptian companies worth around $1.3 billion

Annual inflation hits 14.6% as food prices continue steady rise| CAPMAS

Egypt’s annual inflation rate was recorded at 14.6% in July, compared to July 2021’s 6.1% and the 14.7% registered in June, revealed CAPMAS

Egyptian fertilizer products jump 54% in export value during H1 2022

Fertilizer products was at the top of the sector’s exports with a 54% climb to hit $1.480 billion compared to H1 2021’s $960 million