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Egypt’s GDP grows 4.5% in 2024-25, boosted by reforms and manufacturing CAIRO (Reuters) -Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk said on Saturday, boosted by reforms tied to IMF financing and increased manufacturing activity. The Arab world’s most populous country has come under economic pressure from a currency devaluation in March 2024, high inflation, and the impact of the war in Gaza. Inflation, which peaked at a record 38% in September 2023, has begun to ease but remains high. Urban consumer price inflation fell to 13.9% in July from 14.9% in June. Egypt’s fiscal year runs from July to the end of June. In the budget it had predicted GDP growth of 4.2%. Over the last year, the government accelerated economic reforms under an $8 billion programme with the International Monetary Fund and secured $24 billion in investment from the United Arab Emirates’ sovereign wealth fund, including a major land deal on the Mediterranean coast. In a news conference reviewing Egypt’s financial results, Kouchouk said the country lost 145 billion Egyptian pounds ($2.99 billion) in Suez Canal revenues in 2024-25 as a result of disruptions in the Red Sea from attacks by Yemen’s Houthi militants on shipping. The previous year, revenues had reached $7.2 billion. The minister also said Egypt imported 4.5 million metric tons of wheat, costing $1.2 billion, down more than 21% from the previous year. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Egypt, often the world’s largest wheat importer, requires more than 8 million tons annually to produce subsidised bread for over 70 million citizens. The government bought just over 3.9 million tons locally this year, falling short of its 4–5 million ton target. ($1 = 48.4600 Egyptian pounds) The best opportunities often hide in plain sight—buried among thousands of stocks you'd never have time to research individually. That's why smart investors use our Stock Screener with 50+ predefined screens and 160+ customizable filters to surface hidden gems instantly. For example, the Piotroski's Picks method averages 23% annual returns by focusing on financial strength, and you can get it as a standalone screen. Momentum Masters catches stocks gaining serious traction, while Blue-Chip Bargains finds undervalued giants. With screens for dividends, growth, value, and more, you'll discover opportunities others miss. Our current favorite screen is Under $10/share, which is great for discovering stocks trading under $10 with recent price momentum showing some very impressive returns!

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Egypt's Industrial Minister Addresses Challenges in Abu Rawash Industrial Zone | AI News Brew <p>GIZA, Egypt - On June 22, 2025, Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, held an extensive meeting at the...

Egypt's Industrial Minister Addresses Challenges in Abu Rawash Industrial Zone
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Discover Egypt, where ancient wonders meet booming investment opportunities! @kurudy_return

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Egypt Unveils Major Export Development Plan, Targets $100 Billion in Exports | AI News Brew <p>Egyptian Prime Minister Mustafa Madbouly met with the Export Development Advisory Committee on March 10, 2025, unveiling ambitious plans to boost the country's exports to $100 billion, supported by...

Egypt Unveils Major Export Development Plan, Targets $100 Billion in Exports haiku.ainewsbrew.com/article/3473

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Egypt's Investment Climate for Local and Foreign Growth Boosted Discover how Egypt's Investment Climate is being strengthened to attract foreign investments and drive economic growth

in4u.org/egypts-inves... Boosting #Egypt's Investment Climate: Govt aims to foster a business-friendly environment, empower private sector, and attract foreign investments to drive economic growth. Read more about Egypt's strategy to become a regional and global investment hub! #InvestInEgypt