Egypt's public debt expected to fall to 86.2% of GDP in June 2020

Wed, 29 Jul 2020 - 04:29 GMT

The Minister of Finance added that the ratio of public debt is expected to decline to 86.2% of GDP in June 2020, compared to 90.4% of GDP in June 2019, 108% of GDP in June 2017 and 95.1% in June 2014.

Internal trade contributes 18% to GDP - minister

Thu, 16 Jul 2020 - 02:21 GMT

The minister said internal trade is one of the biggest sectors in Egypt that provides many jobs but it still suffers from an inadequate infrastructure.

Agriculture sector contributes by 14% to Egypt's GDP

Thu, 09 Jul 2020 - 11:06 GMT

The returns of agricultural products exports increased by 20 percent in 2019 compared to 2009, and vegetable exports increased by 40 percent during this period.

Goldman Sachs sees 1% drop in global GDP due to 'coronacrisis'

Mon, 23 Mar 2020 - 12:44 GMT

Global governments have been taking unprecedented measures to contain the coronavirus outbreak which is threatening to spark a worldwide economic contraction.

Lebanon suspends asset freeze on 20 banks

Fri, 06 Mar 2020 - 07:50 GMT

"Such a measure would likely drag the country and its financial sector into chaos."

Egypt’s GDP jumps to LE 5.3T in 2018/19: Min.

Tue, 25 Feb 2020 - 11:40 GMT

Investment spending contributed by 40 percent to the GDP growth, adding that net change in exports represents 30 percent of GDP and 20 percent came from consumer expenditures.

Finance min. reviews Egypt’s financial performance in H1 of 2019/20

Mon, 20 Jan 2020 - 04:08 GMT

Mai’t added in a press conference that Egypt achieved a primary surplus of LE 30 billion (0.5 percent) during the first half of 2019/2020.

First ever Egyptian AI faculty inaugurated

Sat, 20 Jul 2019 - 02:51 GMT

The class of 2019/2020 will be its first as it accepts students who had math as concentration in high school.

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.

5 sectors to drive estimated GDP growth of 5.6% in FY2019-20

Tue, 04 Jun 2019 - 02:46 GMT

The GDP is expected to hit LE 6 trillion ($358 billion) in the FY2019-2020, achieving a 5.6 percent growth driven mainly by five industries.

Four main aspects of state expenditure in draft budget

Sun, 28 Apr 2019 - 11:52 GMT

The draft budget demonstrates that the state expenditure will be LE1.424 trillion recording an increase of 10.6 percent compared to the current fiscal year.

World Bank expects Egypt to hit 2nd highest growth rate in MENA

Tue, 02 Apr 2019 - 11:59 GMT

The World Bank expected Egypt to achieve a growth rate of 5.5 percent during 2019, marking the second highest growth rate in the ME and N. Africa region behind Djibouti.

CAPMAS releases 2nd edition of "Egypt in Figures" booklet

Mon, 04 Mar 2019 - 11:16 GMT

CAPMAS issued its annual edition of "Egypt in Figures" that contains the most important demographic, social and economic data.

Communications sector contributed in GDP by LE 80.1B: minister

Tue, 25 Dec 2018 - 10:07 GMT

The growth rate reached 14.1 percent in 2017/2018, against 12.5 percent in 2016/2017, Talaat said.

France launches Arabic website to promote tourism

Mon, 17 Dec 2018 - 09:51 GMT

That is a step forward to reach 100 million tourists by 2020.

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 parliament approves huge Japan trade deal

Wed, 12 Dec 2018 - 10:00 GMT

The European Parliament on Wednesday approved an accord with Japan that has been dubbed the world's biggest trade deal.

Egypt's fiscal deficit to narrow to 6.4% in 2019/20: Fitch Solutions

Wed, 12 Dec 2018 - 09:56 GMT

The agency said Egypt has already implemented significant fiscal reforms in recent years.

Egypt to achieve GDP of 5.3% in 2017/18

Tue, 04 Dec 2018 - 08:30 GMT

The minister added that Egypt targets a growth rate of 5.8 percent during the current fiscal year 2018/2019.

Climate change could cost US 'hundreds of billions' a year: study

Sun, 25 Nov 2018 - 12:50 GMT

Climate change is already hurting the global economy and will cost the US hundreds of billions of dollars annually.