The Times of Israel https://www.timesofisrael.com/topic/egyptian-economy/ News from Israel, the Middle East and the Jewish World Sun, 20 Sep 2026 21:04:31 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png Egyptian economy | The Times of Israel https://www.timesofisrael.com/topic/egyptian-economy/ 32 32 Visiting Cairo, EU president says Gaza ‘facing famine,’ calls for ‘rapid’ ceasefire https://www.timesofisrael.com/visiting-cairo-eu-president-says-gaza-facing-famine-calls-for-rapid-ceasefire/ Sun, 17 Mar 2024 19:37:10 +0000 https://www.timesofisrael.com/?p=3247402 President Sissi says Egypt and European leaders stand against IDF operation in Rafah, after meeting heads of several countries at signing of $8.1 billion funding package

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]]> Strapped for cash, Egypt sells off state assets to eager Gulf nations https://www.timesofisrael.com/strapped-for-cash-egypt-sells-off-state-assets-to-eager-gulf-nations/ Wed, 15 Feb 2023 04:39:53 +0000 https://www.timesofisrael.com/?p=2951920 Kuwait, Qatar, Saudi Arabia and the United Arab Emirates are swooping in to buy shares in national companies, while also demanding economic reform and greater transparency

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]]> Inflation in Egypt continues to skyrocket, leaving citizens struggling to buy basics https://www.timesofisrael.com/inflation-in-egypt-continues-to-skyrocket-leaving-citizens-struggling-to-buy-basics/ Tue, 10 Jan 2023 11:33:39 +0000 https://www.timesofisrael.com/?p=2921678 Statistics bureau shows annual inflation at 21.9% last month, up from 19.2% in November, with fruits and dairy products seeing highest spikes among food items

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]]> Egypt, IMF reach preliminary deal for $3 billion loan to fight soaring inflation https://www.timesofisrael.com/egypt-imf-reach-preliminary-deal-for-3-billion-loan-to-fight-soaring-inflation/ Thu, 27 Oct 2022 13:08:06 +0000 https://www.timesofisrael.com/?p=2860880 Hours before announcement of agreement, central bank hikes key interest rates by 2%, implements more flexible exchange rate system, as Cairo commits to initiate reforms

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]]> Egypt’s central bank governor resigns as inflation batters economy https://www.timesofisrael.com/egypts-central-bank-governor-resigns-as-inflation-batters-economy/ Wed, 17 Aug 2022 17:54:11 +0000 https://www.timesofisrael.com/?p=2820354 Fallout from Russia's invasion of Ukraine, high oil prices, drop in tourists contribute to Egyptian pound's falling value

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]]> Egyptian pound crashes to near all-time low as inflation soars https://www.timesofisrael.com/egyptian-pound-crashes-to-near-all-time-low-as-inflation-soars/ Mon, 01 Aug 2022 13:45:12 +0000 https://www.timesofisrael.com/?p=2809534 Central bank buying 1 dollar for 19 pounds, in a country where almost one-third of the population lives below the official poverty line

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]]> Egypt to discreetly mark Suez Canal’s 150th anniversary https://www.timesofisrael.com/egypt-to-discreetly-mark-suez-canals-150th-anniversary/ Mon, 11 Nov 2019 09:36:26 +0000 https://www.timesofisrael.com/?p=2180362 Cairo prefers to underscore the newly expanded waterway's present-day contributions to the country - $5.9 billion in annual revenue - rather than its history of colonialism and war

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]]> A century and half on, Suez Canal is ‘lifeline’ for Egypt https://www.timesofisrael.com/a-century-and-half-on-suez-canal-is-lifeline-for-egypt/ Mon, 11 Nov 2019 06:02:40 +0000 https://www.timesofisrael.com/?p=2180307 2015 expansion of the canal first opened in 1869 has cut transit time from 22 hours to 11 and opened the vital waterway to the largest container ships in the world

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]]> After delays, Egypt’s new mega-museum set to open in 2020 https://www.timesofisrael.com/after-delays-egypts-new-mega-museum-set-to-open-in-2020/ Sun, 23 Dec 2018 13:05:50 +0000 https://www.timesofisrael.com/?p=1985005 Vast complex will eventually hold some 50,000 artifacts, house a cinema, restaurants and a hotel in bid to help draw tourists back to the country after years of chaos

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]]> Undersea gas fires Egypt’s regional energy dreams https://www.timesofisrael.com/undersea-gas-fires-egypts-regional-energy-dreams/ Sun, 18 Nov 2018 09:00:44 +0000 https://www.timesofisrael.com/?p=1963944 Newly flowing gas from four Mediterranean fields, including the vast Zohr field, as well as deals with Israel and Cyprus, has helped ease Cairo's financial woes

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]]> Egypt hikes fuel prices as part of austerity drive https://www.timesofisrael.com/egypt-hikes-fuel-prices-as-part-of-austerity-drive/ Sun, 17 Jun 2018 12:03:32 +0000 https://www.timesofisrael.com/?p=1872391 Prices up 35%-50% after electricity subsidies slashed amid economic reform

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]]> Risking protests, Egypt raises price of fuel as part of austerity measures https://www.timesofisrael.com/egypt-increases-fuel-prices-as-part-of-austerity-measures/ Sat, 16 Jun 2018 10:07:14 +0000 https://www.timesofisrael.com?p=1871955&preview=true&preview_id=1871955 Recent tough actions by Sissi have won praise from economists and business leaders but have come as a heavy blow to poor and middle-class Egyptians

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]]> Egyptians suffer austerity squeeze as economy stabilizes https://www.timesofisrael.com/egyptians-suffer-austerity-squeeze-as-economy-stabilizes/ Wed, 06 Jun 2018 05:51:53 +0000 https://www.timesofisrael.com/?p=1865441 A hike in public transport fares already brought street protests, and now the cost of drinking water and energy is set to rise

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]]> Food cart shut down? Ask Egypt’s president https://www.timesofisrael.com/food-cart-shut-down-ask-egypts-president/ Sat, 20 May 2017 11:04:11 +0000 http://www.timesofisrael.com/?p=1622795 El-Sissi uses TV appearances to project image as tough leader, but also as a 'regular guy' in touch with the public

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]]> Egypt says inflation has risen to 31.5 percent https://www.timesofisrael.com/egypt-says-inflation-has-risen-to-31-5-percent/ Thu, 11 May 2017 10:38:24 +0000 http://www.timesofisrael.com/?p=1616959 Citizens are bearing the brunt of a struggling economy and the government's tough economic measures

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