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Egypt
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Tourism
10/5/2023 4:58:14 PM
Egypt’s tourism revenues hit a record high of $13.6 billion in FY2022/2023, up by 26.8 percent from $10.7 billion in FY2021/2022, the Central Bank of Egypt (CBE) reported on Wednesday.
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Business
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Economy
10/4/2023 10:20:49 PM
Egypt turned a $10.5 billion deficit in its Balance of Payment (BoP) in FY2021/2022 to a surplus of $882 million in FY2022/2023, catapulted by record revenues from tourism and the Suez Canal.
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Business
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Economy
7/9/2023 3:30:05 PM
Egypt's digital exports are projected to reach approximately $5.5 billion in the fiscal year 2022/2023, up 12.2 percent from $4.9 billion in FY2021/2022, Minister of Telecommunications and Information Technology Amr Talaat stated on Saturday.
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Business
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Economy
5/21/2023 5:45:49 PM
Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Business
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Economy
4/30/2023 1:23:47 PM
Japanese investments in Egypt surged in FY2021/2022, even as trade between the two countries declined by 26.3 percent to $1.1 billion from $1.6 billion in FY2020/2021, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Sunday.
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Business
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Economy
4/16/2023 3:25:12 PM
A total of 246,100 residential units were built in Egypt during FY2021/2022, a 36.65 percent decline over the previous year, according to the Central Agency for Public Mobilisation and Statistics' (CAPMAS) Bulletin of Housing.
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Business
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Economy
3/8/2023 4:13:38 PM
Egypt’s foreign debt fell during the first quarter (1Q) of FY2022/2023 (July-September) to $154.9 billion, down from $155.7 billion recorded in the corresponding quarter of FY2021/2022, the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Tech
2/21/2023 3:05:06 PM
Egypt’s information and communication technology (ICT) sector is the fastest growing sector in the country’s economy, reaching 16.7 percent growth in FY2021/2022 compared to 16.1 percent during the previous fiscal year, according to Minister of ICT Amr Talaat.
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Business
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Economy
2/15/2023 1:29:46 PM
Egypt’s external debt receded in the first quarter (1Q) of FY2022/2023 (July-September 2022) to $154.9 billion, down from $155.7 billion at the end of FY2021/2022, reported the Central Bank of Egypt (CBE).
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Business
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Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.
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Business
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Economy
10/5/2022 7:38:54 PM
Egypt’s current account deficit shrank in FY2021/2022 by 10.2 percent, registering $16.6 billion, down from $18.4 billion recorded in the preceding fiscal year, the Central Bank of Egypt announced on Wednesday.
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Business
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Economy
8/23/2022 12:38:26 PM
Egyptian expats’ remittance inflows to Egypt grew in FY2021/2022 by 1.6 percent to post $31.9 billion, up from $31.4 billion recorded in FY2020/2021, the Central Bank of Egypt (CBE) announced on Tuesday.
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Business
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Economy
8/4/2022 10:22:33 PM
Egypt enjoyed a significant increase in revenue from tourism and transport receipts as well as a modest increase from workers’ remittances through the third quarter of the previous fiscal year, according to data released by the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
5/22/2022 12:12:24 PM
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY 2021/2022 — ends on 30 June — up from $5.5 billion last year, Minister of Finance Mohamed Maait said on Saturday.
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Business
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Economy
2/22/2022 9:43:38 PM
Egypt’s real GDP growth jumped to 8.3 percent during the second quarter (Q2) of the current FY2021/2022 (October-December 2021), up from 2 percent reached during the corresponding quarter of FY2020/2021.
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Business
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Economy
2/2/2022 4:51:03 PM
Egypt’s balance of payments attained an overall surplus of $311.4 million in the first quarter (1Q) FY2021/2022 (July-September 2021), the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.
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Business
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Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).
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Business
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Economy
12/21/2021 4:57:09 PM
Egyptian expats’ remittances inched up during the first quarter (1Q) of the current FY2021/2022 — July to September 2021 — by 1.5 percent, on an annual basis, to post $8.1 billion, up from about the $8 billion recorded in the same quarter of FY2020/2021, the Central Bank of Egypt announced on Tuesday.
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Business
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Economy
12/19/2021 1:12:34 PM
Minister of Finance Mohamed Maait said on Sunday that 82 percent of state bodies and 69 percent of economic authorities in Egypt have submitted their budgets for current FY2021/2022 based on “programmes and performance based budgeting” (PPBB) concepts, which contribute to achieving the rational management of public money.
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