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" FY2022 2023"

30 results

Egypt - Urban & Transport
7/18/2024 1:45:21 PM
Egypt’s revenues from the Suez Canal declined to $7.2 billion during the fiscal year (FY) 2023/2024 from $9.4 billion in FY2022/2023 due to ongoing Red Sea tensions, Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Thursday.

Business - Economy
6/23/2024 7:53:07 PM
The value of e-payment and collection services in Egypt grew by 19 percent to EGP 2.5 trillion during the first 11 months of the current FY2023/2024, which ends on 30 June, up from EGP 2.1 trillion during the corresponding period of the previous FY2022/2023, Egypt’s Minister of Finance Mohamed Maait said in a statement on Sunday.

Business - Economy
4/9/2024 12:44:00 PM
The budget initial surplus has jumped over 8.5 folds during the first nine months of the current fiscal year (FY) 2023/2024 to EGP 416 billion (three percent of GDP), compared to EGP 50 billion (0.5 percent of GDP) in the same period of FY2022/2023, Minister of Finance Mohamed Maait announced on Monday.

Business - Economy
1/15/2024 7:43:32 PM
Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024 from 4.4 percent in the same quarter of FY2022/2023 (July-September), according to data released by the Ministry of Planning and Economic Development on Monday.

Egypt - Urban & Transport
12/29/2023 3:10:39 PM
The National Post Authority has announced a remarkable net surplus of EGP 4.422 billion from its 2022/2023 budget, chairman Sharif Farouk announced.

Business - Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.

Business - Tech
12/5/2023 9:56:17 PM
Egypt's Information and Communications Technology (ICT) sector experienced a remarkable 16.3 percent growth in FY2022/2023, marking it as the country's fastest-growing sector for the fifth consecutive year, according to a statement by the Information Technology Industry Development Agency (ITIDA) on Tuesday.

Business - Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).

Business - Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.

Egypt - 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.

Business - 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.

Business - Economy
9/14/2023 1:24:52 PM
Egypt's Suez Canal Economic Zone (SCZone) revenues hit a record high of EGP 6.065 billion in FY2022/2023, which ended in June, the SCZone said in a statement on Thursday.

Business - Economy
6/22/2023 11:01:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained interest rates unchanged in its final meeting of FY2022/2023 which ends on 30 June.

Business - Economy
4/6/2023 8:13:33 PM
The World Bank has revised down its forecasts for Egypt’s real GDP growth in FY2022/2023 and FY2023/2024 to four percent in each of these two fiscal years, down from 4.5 percent it projected in December of 2022.

Business - Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.

Business - Economy
3/14/2023 3:53:34 PM
Egypt's real GDP growth is expected to reach 4.2 percent by the end of the current FY2022/2023 concluding in June, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.

Business - 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.

Business - Economy
3/6/2023 3:17:57 PM
Egypt’s budget deficit rose to four percent of gross domestic product (GDP) during the first half (1H) of FY 2022/2023 (July-December 2022) to over EGP 367 billion, stated a report by the Ministry of Finance on Monday.

Business - 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).

Business - Economy
2/3/2023 11:27:00 AM
Egypt’s balance of payments (BOP) witnessed an improvement in the first quarter of FY2022/2023 (July-September), as the current account deficit has narrowed by 20.2 percent to post $3.2 billion compared to $4 billion in the same period of the preceding fiscal year, the Central Bank of Egypt (CBE) announced on Thursday.

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