Day: December 8, 2023

Turkish companies are flocking to Egypt to escape the higher production costs, growing inflation, and economic uncertainty in their home country. Last July, Cairo and Ankara chose to mend strained relations, putting an end to a decade of political contention and regional rivalry. Since then, bilateral economic ties have shown…

The exchange rate of the Egyptian pound is likely to decline by about 30 percent during the first quarter of next year to 40 Egyptian pounds to the dollar, in parallel with a slowdown in the pace of inflation from 34 percent in 2023 to 27 percent in 2024, according…