Economic Reform

Egypt's public investment in FY2020/21 is 'unprecedented': min.

Sun, 02 Aug 2020 - 11:38 GMT

The aim of such investment is creating job opportunities, and inhibiting economic slowdown amid the COVID-19 crisis.

BT100: Highlighting recent economic reform in Egypt

Tue, 03 Mar 2020 - 09:54 GMT

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

World Bank chief lauds Egypt's success in economic reform

Thu, 26 Sep 2019 - 09:01 GMT

Egypt's President Abdel Fattah al-Sisi met on Wednesday with President of the World Bank David Malpass.

IMF approves disbursing final tranche of Egypt's $12B loan

Wed, 24 Jul 2019 - 05:24 GMT

The approval of the last review will allow Egypt to receive its last $2 billion disbursement of $12 billion loan extended over three years.

World Bank report highlights outcomes of economic reforms

Tue, 16 Jul 2019 - 03:46 GMT

The World Bank issued on Tuesday a report titled “The Egyptian Economy Observatory” in a press conference in Cairo.

Parliamentary delegation headed by Speaker visits China

Tue, 18 Jun 2019 - 03:54 GMT

Speaker Abdel Aal presented the role of the House of Representatives in laws promulgation, and monitoring of the government.

Exclusive - French Historian Charles Saint-Prot: Constitutional amendments ‘key’ to Egypt’s progress, stability

Mon, 15 Apr 2019 - 02:28 GMT

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.”

Sisi directs commitment to implement economic reform program

Sun, 30 Dec 2018 - 03:14 GMT

President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets.

Egyptian economy improved over last year, price hike temporary: IMF mission

Thu, 01 Nov 2018 - 11:34 GMT

Subir Lall said that the Egyptian economic situation is not bad, as all countries are clearly suffering a rise and change in prices.

NBE vice president: Banks played key role in economic reform process

Tue, 23 Oct 2018 - 01:39 GMT

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.

Solidarity Ministry pays LE1.1bn under Takaful, Karama

Fri, 17 Aug 2018 - 10:24 GMT

This sum was distributed through 3,800 post offices nationwide.

Cutting subsidies: Putting money where it belongs

Sat, 16 Jun 2018 - 12:27 GMT

Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.

Solidarity Ministry to pay LE1.1bn under Takaful, Karama

Wed, 13 Jun 2018 - 12:25 GMT

Minister of Social Solidarity, Ghada Waly, announced on Tuesday releasing LE 1.1 billion under the Takaful and Karama program.

Egypt to launch 1st sovereign fund by end-2018: al-Saeed

Fri, 08 Jun 2018 - 09:32 GMT

Egypt plans to launch its first sovereign fund by the end of the year, Hala al-Saeed, acting planning minister, said

IMF delegates to Egypt agree on 3rd review of economic reform

Thu, 17 May 2018 - 11:54 GMT

Completion of this review means the payment of a further $2 billion, bringing total disbursements to $8 billion of a $12 billion loan agreement.

Foreign Debt: Not So Scary

Wed, 25 Apr 2018 - 08:00 GMT

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.

World Bank raises Egypt’s expected economic growth to 5%

Tue, 17 Apr 2018 - 02:52 GMT

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.

Economic reform was Sisi’s courageous decision: CBE governor

Fri, 24 Nov 2017 - 11:30 GMT

The governor of the Central Bank of Egypt (CBE) Tarek Amer described the economic reform program implemented by the Egyptian government.

Pound flotation was inevitable: WB Vice President

Sun, 19 Nov 2017 - 07:17 GMT

The floatation of the Egyptian pound was an inevitable measure, World Bank First Vice President Mahmoud Mohieddin said on Sunday.

Japan explores investment opportunities in Egypt’s agribusiness

Sat, 11 Nov 2017 - 09:15 GMT

A Japanese trade delegation visited Egypt recently to study the country’s investment opportunities in agriculture and fish farms.

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