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