12 Hrs
Source:
بوابة أخبار اليوم
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Planning Minister: Suez Canal growth in Q3
Egypt's economy grew by 5% during the third quarter of the 2025/2026 fiscal year, surpassing expectations that had predicted a slowdown to 4.6%, despite geopolitical tensions and the impacts of rising oil prices and global supply chain disruptions. The Suez Canal showed a notable positive performance with a growth rate of 23.6%, reflecting resilience in movement and the continued efficient delivery of services despite regional conditions. Additionally, the information and communication technology sector contributed a growth of 20.3%, while the petroleum sector grew by 0.7%. Investments increased to 637 billion Egyptian pounds, with the private sector’s share rising to over 50%.
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