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Business
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Economy
1/30/2024 6:21:03 PM
Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF), Daniel Leigh, a division chief at the IMF’s Research Department, told Ahram Online (AO).
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Economy
1/30/2024 3:06:10 PM
The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according to the updated World Economic Outlook (WEO) report released on Tuesday.
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Business
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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.
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Business
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Economy
1/9/2024 10:55:54 PM
The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released on Tuesday.
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Business
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Economy
1/9/2024 5:00:32 PM
The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
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Business
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Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.
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Business
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Economy
1/4/2024 5:28:45 PM
Egypt's economy expanded faster than planned in the fiscal year (FY)2022/2023, driven by double-digit gains in sectors ranging from tourism to infrastructure, the Minister of Planning and Economic Development Hala El-Said stated on Wednesday.
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Business
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Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.
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Business
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Economy
12/17/2023 3:34:16 PM
Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024, according to a recent report by the Institute of International Finance (IIF).
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Business
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Economy
12/12/2023 7:09:44 PM
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.
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Business
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Economy
12/4/2023 4:04:21 PM
Egypt has revised down its growth projection for FY 2023/2024 to 3.5 percent, Hala El-Said, minister of planning and economic development, said on Monday.
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Business
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Economy
11/29/2023 10:31:51 PM
African Development Bank (AfDB) downgraded its forecast of the growth rate of the gross domestic product (GDP) of Africa for 2023 and 2024 to 3.4 percent and 3.8 percent, respectively, from 4.0 percent and 4.3 percent.
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Business
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Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.
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Business
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Economy
10/10/2023 1:46:15 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s real GDP growth in 2023 to 4.2 percent, up from the 3.7 percent it expected in July, according to the World Economic Outlook (WEO) report issued by the fund on Tuesday.
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Business
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Economy
10/5/2023 10:46:13 PM
The World Bank has revised up its forecasts for Egypt’s real GDP growth in 2023 to 4.2 percent from 4 percent, according to the bank’s latest MENA economic update released on Thursday.
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Business
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Economy
9/20/2023 10:31:05 PM
Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent, said Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), on Wednesday.
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Business
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Economy
8/30/2023 5:17:46 PM
Economic growth in the United States was weaker than first estimated for the April to June period, the Commerce Department said Wednesday, noting downward revisions in business investment.
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Business
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Economy
7/25/2023 6:56:27 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s inflation in 2023 and 2024 to 24.4 percent and 32 percent, respectively, up from 21.6 percent in 2023 and 18 percent in 2024 as projected in April, according to Deputy Director of the Research Department Petya Koeva Brooks.
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Business
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Economy
5/25/2023 2:57:12 PM
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY, according to the African Economic Outlook 2023.
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Business
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Economy
5/16/2023 11:43:23 AM
For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its outlook in February and increased its forecast by 0.2 percent in 2024.
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