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الخليج
Egyptian net reserves reach 53 billion
The Egyptian Minister of Finance confirmed that the net international reserves reached $53 billion in April 2026, with strong growth observed in sectors outside of oil, communications, information technology, and financial services, where the private sector accounted for 59% of investments. Tourism generated revenues of $10.2 billion in the first half of the current fiscal year, marking a 22% increase. Additionally, Egypt has reduced its foreign oil payables by 67% and is striving to achieve a primary surplus of 3.5% and cut the deficit to 5.2%, with a focus on sustainable growth and economic transformation.
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