Monday Minutes: Economic Snapshot

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

December 27 Coverage to January 3:

Suez Canal achieves the highest annual revenue in its history reaching $6.3 billion in 2021, compared to $5.6 billion in 2020, which is an increase of $720 million, the Cabinet announced

The amount of annual net tonnage that passed through the Suez Canal reached 1.27 billion tons during 2021, which is the largest in its history, the Cabinet disclosed

Egypt’s commodities exports increased by 27% during the first 11 months of 2021, the Ministry of Trade and Industry (MTI) stated

Egypt pumped EGP 6.2 billion to support the medium, small and macro enterprises (MSMEs) sector during the first 11 months in 2021 to finance 178,000 projects, the Minister of Trade and Industry Nevin Gamea stated

The Egyptian industry sector has grown by %6.5 during fiscal year (FY) 2020/21, and industrial output contributed approximately 17% to the gross domestic product (GDP), the Minister of Trade and Industry Nevin Gamea declared.

 

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