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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 ...
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.
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 ...
The BRICS bloc has agreed to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates (UAE) to its ranks — adding fuel to the fire of “a new world order,” according ...
The state's timing when raising the prices was not good. Students constituted a large part of protesters, as schools were in session and they were easily mobilized. [1] Because the gas prices had also risen, the price difference was very feelable for the people, who needed gas to warm their houses. [1] The protests were intense.
Egypt has received United States foreign aid since 1979 (an average of $2.2 billion per year) and is the third-largest recipient of such funds from the United States following the Iraq war. Egypt's economy mainly relies on these sources of income: tourism, remittances from Egyptians working abroad and revenues from the Suez Canal. [214]
Egypt is concerned that Ethiopia is using water from the Nile to fill its giant Renaissance dam. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800 ...
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