Walid Gaballah News Today

Many people are disgruntled with the president's handling of the economy after a decade in power.

Egypt has launched an e-platform for the establishment of new companies in a concerted effort to eliminate barriers hindering potential investors and ensure the realization of “investment leaps.” Prime Minister Mostafa Madbouly witnessed a live demonstration on Wednesday of the first company to be founded electronically. The Damietta Company for Green Ammonia was electronically registered via the digital platform of the General Authority for Investment and Free Zones (GAFI).

Egypts GDP grew to over 410 bln USD-

CAIRO, Sept. 3 (Xinhua) -- The Egyptian economy grew by 6.6 percent year-on-year to 7.9 trillion Egyptian pounds (about 410.2 billion U.S. dollars) in the fiscal year 2021-2022, the Egyptian cabinet said Saturday.

CAIRO－By hiking interest rates four times in a row this year, the US Federal Reserve halted its ultraloose monetary policy that had been in place for years, forcing countries in the Middle East to struggle for financial resilience in the face of various domestic and international challenges.

He added that transportation and shipping expenses rose significantly and meeting basic demands for Syrians had become more expensive than ever after the imposition of sanctions.

U.S. financial hegemony adds economic woes to Mideast countries amid serious inflation-

The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.

Middle East Eye takes a look at Egypt's economic indicators in the aftermath of the Russia-Ukraine war

Many ordinary Egyptians are struggling to put food on the table, as country's economic woes escalate in fallout from Russia-Ukraine war