The world has been keeping a close eye on the trade war ignited by the United States that has set up barriers provoking retaliation by mainly China.
The solution just might lie in turning our eyes to rural cities instead of focusing on urban areas.
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.
Despite it leading to dwindling personal purchasing power, the decline of the local currency against the dollar has been proving a goldmine for local manufacturers.
Egypt ranks seventh with an estimated increase of 69.5 million.
Amr Tallat said that information technology contributes by 4 percent to the gross domestic product (GDP), noting that the plan aims to raise this percentage to 5 percent during the next couple of years.
The waterfront will be in line with the New Urban Agenda, Egypt’s 2030 Agenda and the international sustainable development goals.
Investments and net exports represented 76 percent of the growth rate, Saeed said.
The estimated growth rate for this year is 5.2 percent, the statement added.
Ambassador of Finland in Cairo attended a seminar that aims to exchange expertise, support entrepreneurship and transfer knowledge between Egypt and Finland.
A wrap-up of the most prominent business news of the day.
The European Bank for Reconstruction and Development (EBRD) warned that growth may have peaked and structural reforms were needed to keep up the momentum.
First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton said growth is at the highest rate since 2008.
The Finance Minister addressed on Tuesday a general session at the parliament to discuss the final account of the state budget for fiscal year 2016/17.
The Federal Reserve’s interest rate hikes may not pose as big a risk for global financial markets and emerging market economies as many have thought.
A new report by Harvard’s Center for International Development (CID) ranks Egypt third in a list for the fastest growing economies to 2026.
The Planning Minister said the government adopted a comprehensive program for economic and social reform, based on the 2030 Egypt vision.
Egypt targets eight percent industrial growth annually, an equivalent of investments worth LE 150 billion a year, Trade Minister said on Saturday.
French President Emmanuel Macron swept into office last May on a pledge to create jobs and improve the lives of workers by rebooting the country’s economy.
Regional growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) is estimated to have reached 4.2 percent in 2017.