Egypt’s economy
Egypt’s GDP to grow 3.5% in 2020-2021 fiscal year if coronavirus ends: Planning Minister
Economy
May 20, 2020
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
May 11, 2020
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
February 19, 2020
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
January 27, 2020
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
September 4, 2019
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
September 4, 2019
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…
Egypt aims to reduce government debt to 77.5% by June 2022
Business
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Finance Minister expresses pride in Egypt’s economic performance
Economy
July 17, 2019
Finance Minister expresses pride in Egypt’s economic performance
During a press conference on Wednesday at the Cabinet headquarters to announce the Cabinet’s economic performance, Minister of Finance Mohamed…
CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent
Economy
July 15, 2019
CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent
The Central Agency for Public Mobilization and Statistics (CAMPAS) released their annual statistics showing that the number of foreigners working…
Minister: Egypt consulting with IMF over future cooperation
Business
June 29, 2019
Minister: Egypt consulting with IMF over future cooperation
Egypt’s Finance Minister Mohamed Maait announced Friday that there are consultations between Egypt and the International Monetary Fund (IMF) regarding…