Egypt’s economy

Egypt’s trade to BRICS countries soars over 30% post-admission
Economy

Egypt’s trade to BRICS countries soars over 30% post-admission

A new report from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reveals a significant increase in Egypt’s trade…
Egypt’s inflation surges at fastest pace this year in May
Business

Egypt’s inflation surges at fastest pace this year in May

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9…
Egypt expects $1.2 billion IMF loan payment next week
Economy

Egypt expects $1.2 billion IMF loan payment next week

The Executive Board of the International Monetary Fund (IMF) included Egypt on the agenda of its meeting scheduled for March…
Egypt’s economy more capable of green recovery: Finance minister
World

Egypt’s economy more capable of green recovery: Finance minister

Egypt’s economy has become more capable of green recovery despite the daunting global challenges, affirmed Finance Minister Mohamed Maait.  …
Egypt’s GDP to grow 3.5% in 2020-2021 fiscal year if coronavirus ends: Planning Minister
Economy

Egypt’s GDP to grow 3.5% in 2020-2021 fiscal year if coronavirus ends: Planning Minister

Egypt’s GDP is anticipated to grow by 3.5 percent in fiscal year 2020-2021 if the coronavirus crisis ends, Minister of…
Egypt’s headline inflation rises to 5.9% in April, CAPMAS
Business

Egypt’s headline inflation rises to 5.9% in April, CAPMAS

Egypt’s annual urban consumer price inflation rate increased to 5.9 percent in April from 5.1 percent in March, the official…
Egypt’s GDP sees growth of 5.6 percent during first half of 2019/2020 fiscal year
Business

Egypt’s GDP sees growth of 5.6 percent during first half of 2019/2020 fiscal year

Egypt’s Minister of Planning and Economic Development Hala al-Saeed said Egypt’s Gross Domestic Product (GDP) had achieved growth of 5.6 percent…
Parliament committee agrees to increase Egypt’s share of IBRD capital stock
Business

Parliament committee agrees to increase Egypt’s share of IBRD capital stock

The Egyptian House of Representatives’ Economic Affairs Committee approved on Sunday a presidential decree for increasing Egypt’s authorized share of…
Egypt’s foreign reserves increase to $44.969 bn: CBE
Business

Egypt’s foreign reserves increase to $44.969 bn: CBE

Egypt’s foreign reserves have increased by US$53 million to $44.969 billion in August, compared to $44.916 billion in July, the…
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
Business

Egypt sees lower budget deficit, higher primary surplus in FY 2019/20

CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…
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