BOUNCING BACK
Egypt starts to rebound after IMF bailout, ADQ resort investment
Egyptian economy also suffered some setbacks, including a 70% decline in Suez Canal revenue and a 7.5% drop in income from oil production
Yunus Hocaoglu/Anadolu via Getty Images)
Tourism revenue grew 18% during the fourth quarter of 2024
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Egypt’s economy is growing at a pace it hasn’t seen since 2022 following last year’s IMF bailout and a massive investment from the UAE.
GDP grew 4.3% year-on-year in the last three months of 2024, which the government attributed largely to the IMF’s...