GDP

Egypt records GDP of 3.3% during 2020/21: Planning Minister

Thu, 02 Sep 2021 - 03:25 GMT

She added that the growth rate is expected to rise to 5.4 percent during the current fiscal year, supported by the expected significant growth in the performance indicators for the first and second quarters.

Egypt aims to raise ICT's contribution to GDP to 5% by 2025

Sun, 29 Aug 2021 - 03:19 GMT

El-Said added that the sector and outsourcing services to reach $6 billion, compared to the $3.5 billion targets for the 21/2022 plan year.

Egypt's Cabinet publishes figures on economic performance between 2009, 2021

Sat, 10 Jul 2021 - 02:42 GMT

The Media Center of the Cabinet released Saturday the figures.

Egypt targets to increase agricultural production by 30% in 2024

Tue, 22 Jun 2021 - 01:47 GMT

El-said clarified that this will create job opportunities in the sector, and increase the income of small farmers, whilst increasing exports.

Egyptian minister discloses sectors most contributing to GDP growth in 1st 9 months of FY2020/2021

Thu, 03 Jun 2021 - 01:26 GMT

Egypt recorded a growth rate of about 2.9 percent during the third quarter of FY 2020/2021.

Egypt targets 5.4% growth in FY2021/2022 in tandem with containing pandemic

Mon, 31 May 2021 - 12:05 GMT

The pandemic is expected to be contained by mid-2021 as a result of discovering vaccines and making them available.

10 figures from Egypt's promising economic plan in 2021/2022 surpassing expected growth

Thu, 27 May 2021 - 10:23 GMT

The economic and social plan of 2021/2022 by the minister of planning outlines promising figures as part of the medium-term sustainable development (2018/2019-2021/2022).

Egypt projects GDP of LE 6.4T in 2020/2021

Mon, 24 May 2021 - 11:05 GMT

Minister of Finance clarified that this comes as a result of the expansion of development investments that reflect the success of the state, in achieving a balance between preserving the health of citizens and turning the wheel of the national economy.

Public investments in FY2020/2021 focuses on human capital, digitalization: Egypt's planning minister

Tue, 18 May 2021 - 01:05 GMT

The success of economic reforms contributed to mitigating the effects of the Corona pandemic: Says Hala El-Said

Wholesale, retail trade represents 14.5% of Egypt's GDP

Tue, 23 Mar 2021 - 02:10 GMT

Egypt is considered the third best country in terms of growth rates during the last fiscal year despite the Corona pandemic, which affected the global economic slowdown, indicating that the growth rate reached 3.6 percent, and 5.6 percent was targeted.

Egypt identifies 1.1K unlicensed markets, allocates LE44B for development

Tue, 23 Mar 2021 - 01:55 GMT

The unlicensed markets are those that are neither monitored by the government nor taxed, and whose output is not counted in the GDP.

Egyptian minister reveals Egypt's rank in achieving SDGs

Mon, 15 Mar 2021 - 04:25 GMT

That was during her participation via videoconferencing in the symposium on "Sustainable Development Goals after the Coronavirus Pandemic" organized by Bibliotheca Alexandrina.

Improving GDP calculation national priority: Deputy Minister of Planning

Wed, 03 Mar 2021 - 11:59 GMT

Kamali clarified the importance of having accurate data, available regularly and not late so that decision-makers can take correct evidence-based policies.

Egypt targets to raise mining sector contribution to GDP to 5% in 5 years

Tue, 16 Feb 2021 - 03:00 GMT

Molla added in his statement to the House of Representatives, that the contribution of the mining sector to the GDP is "insignificant", and does not exceed half a percent only, which does not reflect the real capabilities of this sector.

Egypt showcases IMF, IIF reports on economic performance

Tue, 16 Feb 2021 - 12:30 GMT

The Ministry of Planning and Economic Development showcased in a statement Tuesday the views of the International Monetary Fund (IMF) and the Institute of International Finance (IIF).

'Egypt's population growth has to be cut to 400K yearly so we can feel impact of public spending': Pres. Sisi

Tue, 16 Feb 2021 - 11:20 GMT

For the 100 million Egyptians to feel the impact of development programs accomplished, our annual GDP must be $100 trillion which is beyond our capacity, President Sisi added.

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.

IMF raises forecast for Egypt's economic growth in FY2020/21

Fri, 22 Jan 2021 - 12:46 GMT

IMF also praised Egypt's proactive and targeted response to the economic repercussions of the Coronavirus.

ESCWA, Standard Chartered Bank speculate rebound for Egypt's economic growth in 2021

Thu, 21 Jan 2021 - 02:55 GMT

Five sectors will majorly contribute in such improvement.

IATA clarifies status of aviation in October 2020 labeling it disastrous

Tue, 15 Dec 2020 - 03:55 GMT

The International Air Transport Association (IATA) indicated - in a report - that demand on international aviation declined in October on yoy basis.

More