Day: December 21, 2024

Egypt’s economy in 2024 has been at a crossroads,  grappling with persistent challenges amid potential opportunities. The country has contended with inflation and mounting foreign debt while persevering with ongoing structural reforms in its pursuit of stability and growth. Egypt’s economy showed signs of recovery, with a growth forecast of…

The European Union (EU) announced that it has decided to disburse a soft loan worth LE53 billion (one billion euros) to Egypt, which will help create more financial space for the government to continue spending on basic services for the population. The EU said in a statement on Friday that…