economy
The AACO displayed on Saturday the figures the industry is expected to record in the cases of a speedy recovery and a slow one.
EBRD and Egypt have fostered a strong partnership over the years with the purpose of implementing several projects to accelerate the pace of Egypt’s development journey.
Ma’it clarified Thursday that the economic reform program provided a measure of resilience to the Egyptian economy that enables it to interact with internal and external challenges and shocks.
Moody’s expects that a significant improvement in debt affordability and reduced gross financing needs would see the rating being upgraded.
It added that relatively low levels of foreign currency-denominated and external government debt also support Egypt's credit profile.
Indonesia's investments are concentrated in 22 projects in the fields of industry, construction, services, communications and information technology.
The minister's statements came in a press release issued by the ministry on Wednesday on the outcome of a meeting with Iraqi Ambassador here Ahmed Nayef Al Dulaimy to discuss joint cooperation.
The minister discussed at the meeting with Indonesian ambassador enhancing economic cooperation in the fields of trade and industry.
The IMF issued a report on Tuesday on the files related to Egypt's obtaining of an emergency financial assistance of dlrs 2.77 billion to meet the urgent balance of payments needs stemming from the outbreak of the COVID-19 pandemic.
Iraqi Ambassador to Cairo Ahmed Nayef al-Dulaimi discussed Tuesday with Minister of Planning Hala al-Saeed ways of cooperation between both countries in the fields of economy and investment.
Egypt’s Cabinets highlighted in an infographic according to the latest Fitch Solutions report for the fourth quarter of 2020.
Borisenko confirmed that Russian companies are interested in enhancing cooperation with Egyptian businessmen in the local market, which he described as very attractive for investment.
The market capital gained EGP 8.7 billion to reach EGP 616.6 billion compared with EGP 607.9 billion in the previous week, recording an increase of 1.4%.
Sisi also directed to continue working on the continuous improvement of economic and financial indicators, especially inflation and employment rates, as well as increasing GDP growth rates, according to a presidential statement.
This came during closing events of the training year 2019-2020 organized by the Information Technology Institute (ITI) under the title (Young Egyptian Minds).
The three-month initiative was launched late July with the aim to activate sales through discounts offered by men of industry and trade, the bank said in a statement.
CAPMAS attributed the increase to ramifications of coronavirus crisis and the precaution measures taken by the government.
Railway and electrical tie-up are some of ambitious projects discussed by Egyptian Prime Minister Mustafa Madbouly and Sudanese officials in strong determination to bring Egypt and Sudan closer than ever.
He added in statements during signing a contract of supplying natural gas to the industrial area in Eastern Port Said between the General Authority for the Suez Canal Economic Zone and Sinai Company for Gas that his ministry is working to benefit from natural gas for achieving social and economic development.
The system was liquid, profitable, and well capitalized heading into the crisis, but risks around banks’ loan portfolios, capital costs, and profitability have increased due to the economic slowdown.
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