Economic Growth

Egypt's economic growth declines to 4.2% in H1 of 2022/23

Tue, 14 Mar 2023 - 04:50 GMT

he Egyptian economy continued to grow during the second quarter of the current fiscal year by 3.9 percent, despite the global economic situation and the state of uncertainty imposed by global economic and geopolitical challenges and changes.

Egypt among top 10 world's fastest growing economies in 2022: IDSC

Fri, 30 Dec 2022 - 01:32 GMT

The center said that many developments took place in 2022 in spite of the international crises that cast a shadow on various economies.

Egypt’s Gov’t reveals public investments acquire largest share thanks to national projects

Sun, 10 Jul 2022 - 09:00 GMT

The government investments include (investments of the state administrative apparatus, investments of local administration, investments of public service bodies).

In figures: How Russia-Ukraine crisis affected Egypt’s economic growth

Thu, 09 Jun 2022 - 11:21 GMT

This review shows indicators of Egypt’s economic growth rates before and after the Russian war on Ukraine.

Egypt redefines its economic growth forecast to 5.7% in 2021-2022

Mon, 28 Mar 2022 - 02:14 GMT

El-Said added that the growth rate in Egypt amounted to 9 percent in the first half of the fiscal 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.

Sisi: Achieving balance between population, economic growth rates at core of family development project

Tue, 04 May 2021 - 09:05 GMT

Egypt’s President Abdel Fattah El Sisi directed officials to ensure that achieving balance between population and economic growth rates is the major objective of the national project to develop the Egyptian family.

Chinese Amb: Egypt among few countries achieving positive economic growth in 2020

Tue, 24 Nov 2020 - 09:12 GMT

Chinese Ambassador to Cairo Liao Liqiang said that the International Monetary Fund (IMF) expected Egypt’s economic growth will hit 3.6 percent despite the repercussions of due to the impact of the Coronavirus pandemic.

Egypt has best economic growth in 11 years- Sisi

Sat, 30 Nov 2019 - 09:09 GMT

Egypt achieved its best economic growth in 11 years, despite the global economic slowdown and international and regional instability, President Abdel Fattah El Sisi said Friday.

Egypt pumps public investments exceeding LE 960B in 4 years: Min.

Sun, 16 Dec 2018 - 11:22 GMT

This came during her speech at the opening session of the fourth edition ofAl-Sadat Academy for Management Sciences' conference, entitled "From Economic Growth to Economic Happiness."

Egypt’s BOT rises by 15 percent in 1st half of 2018

Sun, 05 Aug 2018 - 09:38 GMT

Imports and exports increased by 14 and 16 percent, respectively.

Egypt achieves highest economic growth in 10 years

Thu, 02 Aug 2018 - 09:23 GMT

Investment and exports make up 74 percent of that growth.

Growth to help CEE currencies shake off impact of dollar rally

Thu, 07 Jun 2018 - 09:50 GMT

Twelve-month median forecasts for their euro exchange rates changed little relative to a poll conducted a month ago.

World Bank raises Egypt’s expected economic growth to 5%

Tue, 17 Apr 2018 - 02:52 GMT

The World Bank anticipated the gross domestic product to record 5 percent in 2018 and 5.5 percent in 2019, reaching 5.8 percent by 2020.

Dollar rises on Powell's economic outlook, stocks slip

Thu, 01 Mar 2018 - 07:37 GMT

The dollar index gained 0.34 percent, with the euro down 0.27 percent to $1.2198. The Japanese yen firmed 0.55 percent versus the greenback at 106.73 per dollar.

IMF upgrades Egypt’s economic growth forecast to 5.5% in FY 2018/19

Thu, 21 Dec 2017 - 10:45 GMT

With receiving the latest tranche, the IMF would have paid a total value of $6.08 billion to Egypt.

Egypt’s industrial growth jumps 30% in 2017

Sat, 02 Dec 2017 - 11:26 GMT

The investment growth rate in the industrial sector hikes by 30 percent in 2017, Mahmoud Soliman told Egypt Today on Saturday.

Dollar steady as strong U.S. data supports; tax bill progress eyed

Wed, 29 Nov 2017 - 09:40 GMT

The dollar was steady against a basket of currencies on Wednesday, supported by strong U.S. third-quarter economic growth data.

Egypt’s plan to combat imminent threat of overpopulation

Sun, 05 Nov 2017 - 10:29 GMT

President Abdel Fatah al-Sisi described overpopulation as a threat that is no less dangerous than terrorism.

Bank of England set to raise rates for first time since 2007

Thu, 02 Nov 2017 - 12:26 GMT

The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday.