Egypt’s structural reforms and progress praised by EBRD in transitional report

Mon, 15 Jan 2024 - 03:52 GMT

The EBRD forecasted Egypt’s GDP to rise by 4.8 percent during FY2023/2024, driven by recent reforms to boost private sector growth and easing of external and fiscal vulnerabilities

Egypt committed to continue with structural reforms: Min.

Mon, 16 Oct 2023 - 04:59 GMT

Maait emphasized Egypt’s keenness for continuous coordination with the International Monetary Fund to maximize avenues of mutual cooperation that help achieve development, financial, and economic objectives.

Cabinet: Egypt launches national program for reforms without burdens on citizens

Sun, 23 May 2021 - 04:06 GMT

The center pointed out that the national program for structural reforms has drawn up a roadmap for the success of the first phase of the economic reform and dealing with COVID-19.

Egyptian president, Sudanese interim chief of state discuss economic cooperation, crises with Ethiopia

Mon, 17 May 2021 - 12:04 GMT

President Abdel Fatah al-Sisi met on Sunday Chairman of the Sudanese Sovereign Council Abdel Fatah al-Burhan in Paris, where they will both attend two conferences on Sudan and Africa.

Egypt launches 'National Program for Economic Restructural Reforms'

Wed, 28 Apr 2021 - 10:46 GMT

The program is the second phase of the National Program for Economic and Social Reforms, which will have a third phase.

Maait: Financial reform efforts positively reflected on budget indicators despite pandemic

Tue, 06 Apr 2021 - 02:27 GMT

Maait said the budget deficit decreased to stand at 7.9 percent of Gross Domestic Product (GDP), while the initial surplus was put at 1.8 during fiscal year 2019/2020.

Egyptian Publishers Association condemns joint-statement submitted at UN’s Human Rights Council on Egypt’s governmental policies

Wed, 17 Mar 2021 - 04:22 GMT

The Egyptian Publishers Association considered the statement a blatant and unacceptable interference in Egypt's internal affairs, adding that it promotes false allegations that are not based on any facts or evidence.

Egypt takes part in meetings preparing for African Union Summit on Feb. 6-7

Thu, 04 Feb 2021 - 09:43 GMT

Minister of Foreign Affairs Sameh Shokry took part Wednesday in the meetings of the Executive Council of the African Union held via video conferencing.

Egypt welcomes positive perception of economic growth by Moody's, S&P Global

Tue, 02 Feb 2021 - 10:00 GMT

The perception of international institutions is still positive towards the Egyptian economy, minister of planning highlights.

Economic reforms helped Egypt's to confront COVID-19 shock: World Bank

Tue, 10 Nov 2020 - 04:38 GMT

The report added that average real growth has remained positive during FY2019/20 and foreign reserves continue to be rather ample.

Egypt continues pace of reform to lure investment, deal with challenges: Min.

Tue, 27 Oct 2020 - 12:47 GMT

The reforms have contributed to giving the Egyptian economy greater flexibility in absorbing shocks and positively dealing with internal and external challenges, and the ability to overcome them.

Egypt has robust infrastructure that fulfills investors' needs: min.

Sat, 23 Nov 2019 - 12:08 GMT

That is the reason Egypt has become the most attractive to investments on the continent, the minister said.

Egypt is 1st destination for foreign investment in Africa: World Bank

Sat, 19 Oct 2019 - 01:43 GMT

Nasr clarified in a statement that maintaining Egypt's position came as a result of the improvement of the business climate, represented in governmental programs, in addition to gradual increasing private sector's investment, as well as enhancing econom

The Exchange Rate Treasure Trove

Sat, 01 Jun 2019 - 02:36 GMT

Despite it leading to dwindling personal purchasing power, the decline of the local currency against the dollar has been proving a goldmine for local manufacturers.

GAFI discusses measure to press ahead with structural, institutional reforms

Wed, 26 Dec 2018 - 12:53 GMT

The board also discussed establishing 19 free and investment zones that would provide 220,000 job opportunities, Nasr said in statements to the press on Wednesday.

Egypt's economic indicators of 2017, 2018

Sun, 16 Dec 2018 - 01:17 GMT

Egypt embarked on a bold economic reform program that included the introduction of taxes and cutting energy subsidies to trim the budget deficit.

EU commission highlights EU-Egypt partnership in 2017/2018

Wed, 12 Dec 2018 - 08:33 GMT

The European Commission's report covers the EU-Egypt partnership from June 2017 to May 2018 and assesses the economic, political and social developments in Egypt.

IMF: Egypt overcame most difficult stage of economic reform

Sun, 05 Aug 2018 - 09:47 GMT

He also thanked the government for such reform measures.

IMF gives Egypt strong marks in third program review

Thu, 12 Jul 2018 - 05:39 GMT

The International Monetary Fund (IMF) maintained a favorable outlook for Egypt's economy in its third major review of the country's loan program on Thursday

A look at 2016/2017 Budget in Parliament

Mon, 04 Jun 2018 - 04:39 GMT

Egypt Today breaks down the initial aims of the budget, the final report and what the microeconomic indicators mean for Egypt’s economy.