#President Abdel Fattah al-Sisi

Egypt lowers 2025 wheat self-sufficiency target to 51%

Egypt lowers 2025 wheat self-sufficiency target to 51%

The government buys wheat internationally and locally in order to offer tens of millions of its citizens subsidised bread

Egypt raises minimum wage by 50% as part of ‘urgent’ package

Egypt raises minimum wage by 50% as part of ‘urgent’ package

The Egyptian pound, fixed at EGP30.85 to the dollar since March, traded on the black market earlier this month as low as EGP71 to the dollar