economy

Egypt's Sisi orders government to reduce the debt-to-GDP ratio in coming period

Mon, 04 Jul 2022 - 05:07 GMT

Revenue growth rate reached about 20% and the expenditure growth rate reached about 15%, in addition an initial surplus worth about 97 billion Egyptian pounds was achieved, 1.3% of the GDP, Rady said.

Egyptian economy more resilient to external shocks: Planning minister

Mon, 27 Jun 2022 - 06:42 GMT

Egypt has made rapid efforts over the past few years in responding to global shocks and crises to mitigate, adapt and recover from the short, medium, and long-term effects of the Covid-19 pandemic, added the minister.

Egypt allocates 458 bn to implement national human rights strategy this year

Thu, 23 Jun 2022 - 12:45 GMT

More than 446 billion pounds has been allocated to economic, social and cultural rights

Highlights: How Egypt increases exports to Africa’s markets

Sat, 18 Jun 2022 - 01:09 GMT

Egypt is currently seeking to increase its exports to international markets, and with a special scope on Africa’s markets.

Beltone: CBE likely to keep interest rates on hold at next meeting

Mon, 13 Jun 2022 - 06:10 GMT

The annual general inflation in Egypt rose to 13.5 percent last May, compared to 13.1 percent in April, which is lower than expectations that it was likely to reach 15 percent.

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.

World Bank raises its forecast for Egypt's economic growth to 6.1% in 2022

Tue, 07 Jun 2022 - 05:49 GMT

The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.

Egypt-ICF supports setting unified vision for green transition in Africa ahead of COP27: Minister

Sat, 04 Jun 2022 - 01:48 GMT

The 2nd edition of Egypt International Cooperation forum (Egypt-ICF) is planned to set a unified vision for the green transition ahead of the United Nations Climate change Conference (COP27) scheduled this November, Egyptian Minister of International Cooperation Rania el Mashat said Saturday.

Egypt, Qatar talks means to develop bilateral coordination amid turbulent global economic scene

Sat, 04 Jun 2022 - 01:26 GMT

The two sides praised the tangible progress in the course of the Egyptian-Qatari relations, in a way that serves the goals and interests of both countries and peoples.

Egypt’s amb. to Canada lauds communities' support for national economy

Sat, 28 May 2022 - 03:57 GMT

The minister reiterated that such great roles reflect expatriates’ confidence in the national economy.

Egypt's economy records growth rate of 7.8% in 9 months with expectations to hit 6.2% during 21/22

Thu, 26 May 2022 - 04:06 GMT

El-Said noted during thh cabinet meeting that the growth rate during the third quarter of the current fiscal year (January - March 2022) reached 5.4 percent.

Google drives estimated LE 11.2B to Egyptian economy in 2021: report

Tue, 24 May 2022 - 03:43 GMT

The Google Impact Report in Egypt explores the impact of Google products in 2021 across three areas: People, Businesses and Economy.

Egypt enjoys diversified economy, re-directs priorities amid Ukraine-Russia crisis: Minister

Mon, 16 May 2022 - 01:56 GMT

Egypt is experiencing exceptional circumstances, like world countries, as the developments of the Russian-Ukrainian war had a high impact on inflation and the rise in prices of goods and services.

In points.. Egypt's PM most prominent statements at press conference addressing global economic crisis

Sun, 15 May 2022 - 04:37 GMT

Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.

Egypt, Tunisia announce 2022-2023 a year of activating economic cooperation

Fri, 13 May 2022 - 06:07 GMT

“Egypt is ready to activate a regular maritime line between the two countries, but the private sector must participate on both sides,” Madbouli said.

Egypt's imports from COMESA countries record decline by end of 2021: CAPMAS

Thu, 12 May 2022 - 08:30 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.

Egyptian governorate competitiveness index launched, 27 customized plans for each one

Wed, 11 May 2022 - 12:48 GMT

A governorate competitiveness index has been launched to monitor the efficacy of economic policies in every governorate, contributing to comprehensive development and integration at the national level.

IMF appreciates Egypt's economic program and achieved great success: Kristalina Georgieva,

Sat, 23 Apr 2022 - 02:02 GMT

Speaking about the program, Minister Maait said "the program made us more resilient in the face of internal and external shocks," adding that the situation would have been more complicated and difficult in light of the pandemic and the Ukrainian crisis as well.

IMF raises its forecast for growth of Egyptian economy to 5.9% in 2022

Tue, 19 Apr 2022 - 03:30 GMT

In its latest World Economic Outlook issued Tuesday, the IMF expected that Egypt's gross domestic product (GDP) in 2023 would grow by 5 percent.

War, stagflation threaten global economy as pandemic recovery slows

Tue, 19 Apr 2022 - 03:23 GMT

Mounting price pressures, slipping output expansion and sagging confidence will all pose a drag for most countries, according to the latest Brookings-FT tracking index.

More