SCA investments estimated at EGP 13.1 billion in FY2022/202323 - Planning

Sat, 05 Nov 2022 - 11:02 GMT

Investments of Suez Canal Authority are estimated at nearly 13.1 billion Egyptian pounds in the plan of action of year 2022/2023, said Egyptian Minister of Planning and Economic Development Hala Saeed.

GDP per capita increases to LE 62.5K during Q4 of 20/21

Sun, 16 Oct 2022 - 12:02 GMT

Gross domestic product at market price and current prices increased during the fourth quarter of the fiscal year 2020/2021, reaching LE 1.507 trillion, compared to LE 1.326 trillion during the same quarter of the previous fiscal year 2019/2020.

Egypt expects GDP to grow by 5.5% in 2022/23

Thu, 13 Oct 2022 - 02:47 GMT

The Egyptian economy grew by 6.6 percent in the 2022/2021 fiscal year, compared to 3.3 percent in the previous year, as the economy grew faster than the government had expected, initially projecting 6 percent-6.2 percent.

IMF raises forecast for growth of Egyptian economy to 6.6% in 2021/2022, lowers projection of next fiscal yr to 4.4%

Tue, 11 Oct 2022 - 04:46 GMT

The International Monetary Fund (IMF) raised its forecast for the growth of the Egyptian economy to 6.6 percent in the current fiscal year, according to its World Economic Outlook released Tuesday.

Egypt's energy sector represents 13% of GDP

Mon, 26 Sep 2022 - 03:30 GMT

The IDSC explained that this means that economic growth is linked to energy security and stability.

Egypt's PM says 'State Ownership Document' consists of 8 areas, composed of 20 pages

Mon, 13 Jun 2022 - 07:56 GMT

Prime Minister Mostafa Madbouli stated Monday that the "State Ownership Document," which will be launched soon, consists of eight areas, and is composed of just 20 pages.

Gov't investments in communications, information technology sector hit LE 22.8B

Tue, 07 Jun 2022 - 06:06 GMT

Talaat added in a statement, Tuesday, that the communications and information technology sector has been the highest growing in Egypt for three consecutive years, with a growth rate of 16 percent.

World Bank raises its forecast for Egypt's economic growth to 6.1% in 2022

Tue, 07 Jun 2022 - 05:49 GMT

The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.

Food industrial sector contributes to 24.5% of GDP - official

Sun, 05 Jun 2022 - 02:09 GMT

The Egyptian food products have a good reputation at the local and international levels, adding that sector exports increased by 20 percent in 2021.

Manufacturing, agriculture, ICT sectors contribute to GDP by 26%: Min.

Tue, 31 May 2022 - 05:57 GMT

The main axis of the economic reform program is to increase the relative weight of the sectors of manufacturing, agriculture, communications and information technology, according to Minister of Planning Hala El-Said.

Egypt's industrial sector contributes to GDP by 11.7%: Min.

Tue, 31 May 2022 - 05:46 GMT

Gamea pointed out Tuesday that this great interest had the greatest impact in achieving qualitative leaps and developments in the Egyptian industrial sector at the level of legislation, new investments and expansions in cities and industrial areas, as well as the rise in export indicators for all industrial sectors during the past years.

Egypt’s Finance Minister calls on developed countries to help alleviate debt burden for developing states

Mon, 23 May 2022 - 10:55 GMT

The minister presented some features of Egypt’s policies to face global economic crisis.

Planning min.: GDP estimates for FY 2022/23 expected to record LE 9.2T

Tue, 17 May 2022 - 04:39 GMT

The minister added that the GDP estimates for FY 2022/2023 are expected to register LE 9.2 trillion, up 16 percent as compared with FY 2021/2022 rates.

Egyptian economy achieves GDP surplus in 2021/2022

Wed, 04 May 2022 - 04:53 GMT

The Egyptian economy has “proven itself” in the face of challenges in such flexibility that it achieved a 1.46 percent primary surplus of GDP during the fiscal year 2021/2022, according to the Cabinet.

Egypt's CAPMAS releases figures on houses built in 1 year

Tue, 03 May 2022 - 10:54 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released Tuesday figures on residential units built in FY2020/2021.

IMF: GDP in Middle East expected to grow by 4.6% in 2022

Tue, 19 Apr 2022 - 05:13 GMT

Countries in the Middle East, North Africa, Caucasus, and Central Asia regions are highly exposed to rising global food prices, particularly the price of wheat, which is expected to remain high throughout the year and into 2023.

Egypt lowers its economic growth forecast to 5.5% for 22/23 fiscal year

Tue, 22 Mar 2022 - 02:06 GMT

El-Said added that public investments constitute 78 percent of the total investments in the 2022-2023 plan.

Egypt's GDP led to a 11.5% increase by end of 2021/2022

Mon, 21 Feb 2022 - 01:07 GMT

The majority of the increase came from the following sectors: construction (37 percent), followed by manufacturing (18 percent), education and health (9.4 percent), other services (8.8 percent).

Egypt targets increasing AI contribution to GDP to 7.7% by 2030 - IDSC

Sun, 20 Feb 2022 - 01:01 GMT

This requires attaining tangible progress in digital transformation and collecting useful data, on which the AI applications depend, added the IDSC in its newly-issued series of "Visions on Road to Development".

Egypt targets raising agricultural GDP by 11% in FY2021/22

Sun, 06 Feb 2022 - 11:24 GMT

Currently, the share of agriculture in the GDP is 15 percent, and 18 percent in exports.