Egypt has secured US$10 billion from the United Arab Emirates as the first installment in the US$35 billion Ras al-Hikma deal. This inflow of funds came less than a week…
Critics say the UPA is 'profit-driven' and does little to regulate medical supply prices
A new law approved by Parliament on Sunday is intended, in name at least, to incorporate Egypt’s economic agencies — bodies which…
Egypt will be getting another US$5 billion in loans from the International Monetary Fund as an increase to the 2022 $3 billion loan, IMF representative in Egypt Ivanna Vladkova Hollar…
After months of speculation, the Egyptian pound was allowed to float on Wednesday morning.
The president enacted an official step on Tuesday toward actualizing the Ras al-Hikma deal, a landmark US$35 billion agreement signed with the…
Natural gas produced at Egypt’s largest field, Zohr, continued to decline over the course of 2023, according to reporting by the Middle…
The strikes demanding a higher minimum wage and fairer benefits started three days ago.
Mada Masr explores the impacts of the anticipated devaluation on market prices and external debt.
Amid a spiraling economic crisis and with over US$42 billion in looming debt payments over the course of this year, the government has been working in recent weeks to secure…
How lack of oversight and state encouragement has led to dollarization.
An unregulated food supplement market has been a boon for pharma companies, doctors and regulators
Another sugar crisis spells out longer queues and shortages as government rushes to address problem.
Egypt is struggling to make progress on IMF recommendations amid a dollar crunch
Experts say the plan is more of a short-term fix to Egypt's economic woes
A newly-established Emirati firm acquired a 30 percent stake from the government in Egypt’s biggest tobacco manufacturer, the Eastern Company, for US$625…
Credit rating agency Capital Intelligence downgraded Egypt’s long-term sovereign debt rating from B+ to B, citing delays in implementing structural reforms recommended…
Egyptian nationals working at BBC Cairo’s office called off plans to begin a 15-day strike today, Monday, in favor of negotiations with…
Citing an attempt to “balance” government progress with concerns about Egypt’s foreign currency inflows, Moody's Investors Service extended its review of Egypt's…
Starting tomorrow at noon, each neighborhood across Egypt will undergo scheduled, hour-long power outages, with the exception of Alexandria, where power outages…
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