Forecast
Mubarak explained that the Suez Canal, a major source of foreign currency for Egypt, used to generate around $750 million per month, but has seen revenues significantly decrease, averaging $300 million per month this year.
“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.
On a calendar-year basis, Egypt's economy is projected to grow by 3.2 percent in 2024, with an optimistic increase to 4.5 percent in 2025.
Moubarak highlighted that remittance flows from Egyptians working abroad surged to $7.5 billion in Q4 FY2023/2024
The weather forecast map issued by the Egyptian General Meteorological Authority (EMA) revealed that, as of Wednesday, January 17, a slight and gradual rise in temperatures is expected in most areas.
The EMA expects a 60-70 percent chance for moderate to heavy rains with thunder in areas of the northwestern coasts and Western Desert on Friday.
Egypt’s Meteorological Authority (EMA) issued a warning of unstable weather starting from Monday evening until Tuesday afternoon.
Egypt’s Meteorological Authority expected that Saturday will witness a decrease in temperature as hot weather prevails over Greater Cairo, Lower Egypt and northern Upper Egypt.
Egypt’s Meteorological Authority has warned of active winds hitting most parts of the northern coasts and northern Upper Egypt causing low visibility on desert roads.
Egypt will see a sharp decline in temperature as of Thursday, according to Meteorological experts expecting a cold weather accompanied with rainfall.
Meteorological experts said Wednesday, which marks the first day of Eid al-Fitr (the Feast of Breaking the Fast) is expected to witness a hot weather, with Cairo recording highs of 34°C.
Meteorological experts said that a warm weather witnessed during the beginning of this week is expected to continue on Tuesday in Cairo and northern coasts of the country.
Egyptian Meteorological Authority (EMA) has warned of a sharp drop in temperature by 7 degrees Celsius, accompanied with dust storm on northern coasts and Lower Egypt.
Weather reports said Saturday the weather in Cairo, Upper Egypt and the Northern Coast got warmer.
Meteorological experts said that Egypt will witness an active sandstorm Sunday, while the temperature will continue to decline with Cairo recording lows of 8°C.
Meteorological experts said Sunday will witness a cold weather on the northern parts of the country and Upper Egypt, especially at night.
Meteorological experts said that Cairo is expected to see improvement in temperature on Saturday after a wave of unstable weather has been witnessed across the country for the past few days.
Cairo expected to witness thunderstorm and a significant decline in temperature by 4-5 degrees Celsius over the coming days.
Egypt’s Meteorological Authority expects hot weather across Egypt on the first day of Eid El-Adha.
Citizens are advised not to be exposed directly to the sun and are advised to stay away from poorly ventilated places. They are adviced to wear caps/hats at peak heat.
