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The domestic supply price farmers receive in Egypt is E£1,200 (US$211) per ton compared to approximately E£1,940 (US$340) per ton for import from the US, Egypt's main supplier of wheat and corn. Egypt is the U.S.'s largest market for wheat and corn sales, accounting for US$1 billion annually and about 46% of Egypt's needs from imported wheat.
Egypt's government debt-to-GDP ratio reached an all-time high of 103% of GDP in 2017, and a record low of 73.3% of GDP in 2009. [ 6 ] [ 7 ] Egypt's debt service from debt installments and interest amounted to about US$42.3 billion during 2024, its highest bill ever required to be paid in a single year, after external debt jumped to about US$165 ...
Egypt, Kenya and Pakistan - debt-laden importers that have relied on foreign funding in recent years - would take a hit if Gulf producers, such as the UAE, closed their chequebooks while ...
The roots of Egyptian subsidy system are to be found during World War II (in 1941), when the government wanted to assure everyone access to basic food, in rationed quantity and at low prices. The initial purpose was therefore not to provide the poor with food they could afford. [4]
The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent hike in subway fares and fuel prices. The currency reached 49.16 to the U.S. dollar ...
Shoukry said Egypt has tried to ship humanitarian aid to Gaza but has not received the proper authorization to do so. Egypt said Sunday it would intensify its efforts to try and help relief ...