In an interview on Tuesday, El-Naggar revealed that Egypt's non-oil exports grew by 12.2% by the end of October, expressing optimism about maintaining this positive growth trend through the end of the year.
Egypt's Commodity Exchange has marked a significant milestone, achieving EGP 21 billion in trades since its inception in November 2022.
Investments between Egypt and G20 nations also showed significant growth. Investments from G20 countries in Egypt rose to $12 billion in the 2022/2023 fiscal year, up from $8.7 billion in 2021/2022
On spending habits, Egyptian consumers are willing to spend more on at-home experiences to save on restaurant and entertainment expenses (77%).
As Egypt grapples with rising prices and economic challenges, the FMCG and Durables market has witnessed notable shifts in consumer behavior during the first half of 2024.
