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.
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."
Imports and exports increased by 14 and 16 percent, respectively.
Investment and exports make up 74 percent of that growth.
Twelve-month median forecasts for their euro exchange rates changed little relative to a poll conducted a month ago.
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.
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.
With receiving the latest tranche, the IMF would have paid a total value of $6.08 billion to Egypt.
The investment growth rate in the industrial sector hikes by 30 percent in 2017, Mahmoud Soliman told Egypt Today on Saturday.
The dollar was steady against a basket of currencies on Wednesday, supported by strong U.S. third-quarter economic growth data.
President Abdel Fatah al-Sisi described overpopulation as a threat that is no less dangerous than terrorism.
The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday.
China’s economic growth looked set to accelerate for the first time in seven years this year, after hardly skipping a beat in the third quarter.
European shares are set to end 2017 with close to double-digit gains, supported by a recovery in economic growth and corporate earnings.
World shares extended a run of record highs on Tuesday on signs of strong economic growth, while the dollar was slightly weaker against the euro.
Mohammed bin Rashid Al Maktoum on Monday received visiting Egyptian President Abdel Fattah El Sisi and his accompanying delegation.
U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the US and N. Korea.
S&P’s assessment came as a result of QP's critical role in supporting the Qatari economy.
Qatar’s economy outlook was affirmed at AA-/A-1+ for long and short term foreign and local currency sovereign ratings.
The Central Bank of Egypt's (CBE) Monetary Policy Committee decided to keep interest rates on hold.