logo
Egypt's net foreign assets hit $14.81bln in March

Egypt's net foreign assets hit $14.81bln in March

Zawya05-05-2025

Egypt's net foreign assets reached EGP 760.839 billion in March 2025, compared to EGP 515.856 billion during February, according to the Central Bank of Egypt (CBE) data.
Foreign assets with the CBE hit EGP 2.344 trillion at the end of February 2025, while foreign assets with banks stood at EGP 1.550 trillion.
During March 2025, total foreign liabilities with the CBE and banks amounted to EGP 3.133 trillion, versus EGP 3.137 trillion in February.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt's Travel & Tourism Sector contributes EGP 1.4 Trillion to GDP in 2024 : WTTC
Egypt's Travel & Tourism Sector contributes EGP 1.4 Trillion to GDP in 2024 : WTTC

Tourism Breaking News

time4 days ago

  • Tourism Breaking News

Egypt's Travel & Tourism Sector contributes EGP 1.4 Trillion to GDP in 2024 : WTTC

Post Views: 52 According to WTTC's latest Economic Impact Research (EIR), developed in collaboration with Oxford Economics, the sector contributed EGP 1.4TN to Egypt's GDP in 2024, accounting for 8.5% of the national economy. Looking ahead, 2025 is projected to set a new all-time high with a forecast annual growth of 4.9% and increase in the sector's share to 8.6% of national GDP. This underlines the central role of Travel & Tourism in Egypt's continued economic development. 2024 also marked the strongest year on record for visitor spending. International visitor expenditure reached EGP 726.9BN, up 36.1% compared to 2019, while domestic visitor spending rose to EGP 449.9BN, 31.8% above pre-pandemic levels. This upward trend is set to continue. In 2025, international visitor spending is projected to increase to EGP 768.2BN, and domestic spending is expected to reach EGP 460.6BN, maintaining the country's strong recovery and sustained demand across both international and local travel. In addition to record-breaking economic contribution and visitor spending, in 2024, the sector supported 2.7 million jobs, exceeding the 2019 peak. This growth is set to continue, with 2025 employment forecast to rise to 2.9 million, marking a 22.3% increase compared to 2019. Julia Simpson, WTTC President & CEO, said: 'Egypt's Travel & Tourism sector is experiencing a powerful resurgence, with record-breaking economic contribution and a sustained surge in visitor spending. These numbers reflect a sector on the rise: dynamic, resilient, and vital to the country's growth. 'With its rich cultural heritage, world-class attractions, and growing connectivity, Egypt continues to captivate travellers from around the globe. The government's focus on investment, infrastructure, and sustainable tourism is clearly paying off.' WTTC forecasts a decade of sustained expansion for Egypt's Travel & Tourism sector. By 2035, the sector is expected to contribute EGP 2.1TN to the national economy, accounting for 8.4% of GDP. Employment is projected to reach 3.8 million jobs, representing 10.5% of total employment, and highlighting the sector's critical role in job creation. Over the same period, international visitor spending is expected to rise to EGP 1.1TN, while domestic spending is forecast to reach EGP 627BN, reflecting Egypt's potential to become one of the region's most vibrant and sustainable tourism economies.

Egypt: FRA approves Dice's capital hike
Egypt: FRA approves Dice's capital hike

Zawya

time5 days ago

  • Zawya

Egypt: FRA approves Dice's capital hike

Arab Finance: The Financial Regulatory Authority (FRA) greenlighted Dice Sport and Casual Wear's capital hike, bringing the authorized capital to EGP 2.5 billion, instead of EGP 500 million, according to a bourse filing. Dice will also increase its issued and paid-up capital to EGP 535.993 million from EGP 357.328 million. The company will allocate EGP 178.664 million, distributed over 893.322 million shares, with a nominal value of EGP 0.20 per share. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

Egypt: EGX to halt business on June 26th, July 3rd
Egypt: EGX to halt business on June 26th, July 3rd

Zawya

time5 days ago

  • Zawya

Egypt: EGX to halt business on June 26th, July 3rd

Arab Finance: The Egyptian Exchange (EGX) will suspend trading on June 26 th and July 3 rd, in celebration of the Islamic New Year and the June 30 Revolution, according to a statement. Trading and business at both the Central Bank of Egypt (CBE) and the EGX will resume on June 29 th and July 6 th. Prime Minister Mostafa Madbouly announced the two days as official holidays for employees of ministries, government agencies, public authorities, local administration units, public sector companies, and public business sector companies. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store