The aim of such investment is creating job opportunities, and inhibiting economic slowdown amid the COVID-19 crisis.
As Cabinet members, businessmen and leading figures have attended the annual ceremony of BT100 in Cairo to honor top influential figures and companies positively impacting the Egyptian economy, a documentary was played to highlight the country’s positive
Egypt's President Abdel Fattah al-Sisi met on Wednesday with President of the World Bank David Malpass.
The approval of the last review will allow Egypt to receive its last $2 billion disbursement of $12 billion loan extended over three years.
The World Bank issued on Tuesday a report titled “The Egyptian Economy Observatory” in a press conference in Cairo.
Speaker Abdel Aal presented the role of the House of Representatives in laws promulgation, and monitoring of the government.
As Saint-Prot likes to put it down, Egypt “deserves stability and progress…this will never be achieved unless the current political regime has fully taken his chance, which obviously requires much time.”
President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets.
Subir Lall said that the Egyptian economic situation is not bad, as all countries are clearly suffering a rise and change in prices.
Banks have large amounts of cash as deposits of clients in this sector are estimated at LE 3.6 trillion and loans at LE 1.6 trillion, he pointed out.
This sum was distributed through 3,800 post offices nationwide.
Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.
Minister of Social Solidarity, Ghada Waly, announced on Tuesday releasing LE 1.1 billion under the Takaful and Karama program.
Egypt plans to launch its first sovereign fund by the end of the year, Hala al-Saeed, acting planning minister, said
Completion of this review means the payment of a further $2 billion, bringing total disbursements to $8 billion of a $12 billion loan agreement.
While Egypt’s foreign debt has almost doubled in five years to about $81 billion in the first quarter of the fiscal year 2017/18, up from $43 billion in the fiscal year 2011/12, experts agree that it was a lesser of two evils, but warn of its growth pace.
The World Bank anticipated the gross domestic product to record 5 percent in 2018 and 5.5 percent in 2019, reaching 5.8 percent by 2020.
The governor of the Central Bank of Egypt (CBE) Tarek Amer described the economic reform program implemented by the Egyptian government.
The floatation of the Egyptian pound was an inevitable measure, World Bank First Vice President Mahmoud Mohieddin said on Sunday.
A Japanese trade delegation visited Egypt recently to study the country’s investment opportunities in agriculture and fish farms.