Egypt

Egypt

Overview of the soybean oil market in Egypt
Food industry
Overview of the soybean oil market in Egypt
In 2018-2022, the production of vegetable oils in Egypt gradually increased: in 2022, 858.0 thousand tons of vegetable oils were produced in the country, which is 13.9% higher than in 2021. Most of the production of vegetable oils in Egypt in 2022 fell on soybean oil — 95.6% (820.0 thousand tons).
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What to see in Alexandria? The most famous city in Egypt.
Travel
What to see in Alexandria? The most famous city in Egypt.
Alexandria, Egypt, holds significant historical and, cultural importance. Founded by Alexander the Great in 331 BC, Alexandria became a major center of Hellenistic civilization and one of the most prominent cities in the ancient world.
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Russia will provide Egypt with energy, the United States will supply weapons
Energy Industry
Russia will provide Egypt with energy, the United States will supply weapons
Vladimir Putin and Egyptian President Abdel Fattah al-Sisi launched the construction of the fourth power unit of the country's first nuclear power plant via videoconference.
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Trends in the development of the main agricultural markets in Egypt
Agriculture
Trends in the development of the main agricultural markets in Egypt
Egypt is known as one of the oldest agricultural civilizations. At the same time, crop production in Egypt is almost entirely dependent on irrigation due to the small volume and irregularity of precipitation.
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Egypt's Economic development and inflation growth: forecast for 2023
Indicators
Egypt's Economic development and inflation growth: forecast for 2023
In November 2016, the Egyptian government reached an agreement with the IMF on the allocation of a $12 billion loan under the Extended Fund Facility program.
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Egypt is the most economically developed country in North Africa.

Agriculture has ceased to be the country's main source of income. Almost all the land suitable for agriculture is located in the Nile Delta region, and peasant plots are small. All the main agricultural crops of Egypt are grown in the valley of the Nile River. The share of agricultural products in Egypt's exports is 15.4%. Wheat, corn, rice, cotton, sugar beet, sugar cane are grown.

Egypt's main export product is oil. The main oil deposits are located in the area of the Sinai Peninsula and the Gulf of Suez. In addition to oil reserves, the country has natural gas reserves in the Nile Delta basin and exports it via the "Arab" gas pipeline to Israel, Jordan and Syria. In 2005, Egypt began exporting liquefied natural gas (LNG), which allowed it to take the sixth place in the world in terms of gas exports. There are two LNG plants operating in the country.

In 2009, the first development of a gold deposit in the history of modern Egypt began.

The manufacturing industry is also developing. Televisions, refrigerators are produced, and car assembly companies are operating. Metallurgy does not play a significant role, the bulk of the demand for steel is covered by imports.

The main part of the electricity generated is at thermal power plants running on oil. Hydropower resources are important.
Of particular importance to the economy is the Suez Canal transport system, which includes not only the canal and infrastructure, but also several oil pipelines that expand its capabilities.