Economy · July 2026

Egypt on July 8, 2026, saw the IMF cut its current-year growth forecast to 4.4%, while the country's foreign reserves exceeded $55 billion for the first time. Egypt bought renewable electricity worth $19 billion in six months. Cairo Governor plans to move dangerous activities out of residential areas and launched the development of historic downtown. Egypt and ABB explore increasing exports, local components usage, and solar energy. Vodafone Egypt and Banque Misr partner to expand digital payments and financial inclusion.