Trade War: Threats and Opportunities

Sun, 07 Jul 2019 - 06:23 GMT

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.

Trapped in Poverty

Sat, 15 Jun 2019 - 01:52 GMT

The solution just might lie in turning our eyes to rural cities instead of focusing on urban areas.

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.

The Exchange Rate Treasure Trove

Sat, 01 Jun 2019 - 02:36 GMT

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 among top 8 countries in population growth 2018-50

Wed, 15 May 2019 - 09:59 GMT

Egypt ranks seventh with an estimated increase of 69.5 million.

Digital exports hit $3.2B annually, target growth of 12%: Minister

Mon, 04 Mar 2019 - 09:48 GMT

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.

GOPP, UN-Habitat sign MoU to develop New Ras El Hekma Waterfront

Wed, 29 Aug 2018 - 11:41 GMT

The waterfront will be in line with the New Urban Agenda, Egypt’s 2030 Agenda and the international sustainable development goals.

Egypt's growth rate hit 5.3% in FY 2017/2018: minister

Thu, 26 Jul 2018 - 11:17 GMT

Investments and net exports represented 76 percent of the growth rate, Saeed said.

Finance Ministry says 2018/19 GDP to reach LE5.2T

Mon, 14 May 2018 - 10:37 GMT

The estimated growth rate for this year is 5.2 percent, the statement added.

Finland seeks to exchange expertise with Egypt in entrepreneurship domain

Sat, 12 May 2018 - 11:35 GMT

Ambassador of Finland in Cairo attended a seminar that aims to exchange expertise, support entrepreneurship and transfer knowledge between Egypt and Finland.

Business News Wrap-up

Wed, 09 May 2018 - 05:39 GMT

A wrap-up of the most prominent business news of the day.

Nudging up forecasts, EBRD warns growth may have peaked

Wed, 09 May 2018 - 11:18 GMT

The European Bank for Reconstruction and Development (EBRD) warned that growth may have peaked and structural reforms were needed to keep up the momentum.

Egypt’s reform started to reap results: IMF

Tue, 08 May 2018 - 03:30 GMT

First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton said growth is at the highest rate since 2008.

Addressing Parliament, Garhy speaks on subsidies, taxes, deficit

Tue, 08 May 2018 - 02:52 GMT

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.

Fed to communicate clearly to avoid market disruptions: Powell

Tue, 08 May 2018 - 08:35 GMT

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.

New Harvard study puts Egypt among fastest growing economies to 2026

Sat, 05 May 2018 - 04:38 GMT

A new report by Harvard’s Center for International Development (CID) ranks Egypt third in a list for the fastest growing economies to 2026.

Gov't adopts full program for reform: Planning Min.

Sat, 05 May 2018 - 11:55 GMT

The Planning Minister said the government adopted a comprehensive program for economic and social reform, based on the 2030 Egypt vision.

Egypt targets 8% industrial growth annually: Min.

Sat, 05 May 2018 - 11:16 GMT

Egypt targets eight percent industrial growth annually, an equivalent of investments worth LE 150 billion a year, Trade Minister said on Saturday.

Measuring Macron: Is France’s leader rebooting the economy?

Thu, 03 May 2018 - 10:18 GMT

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.

MENAP growth expected to reach 4.7 percent in 2018: IMF

Wed, 02 May 2018 - 09:41 GMT

Regional growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) is estimated to have reached 4.2 percent in 2017.