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Business
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Economy
5/15/2022 9:03:02 PM
Egypt's Minister of Agriculture El-Sayed El-Quseir announced Sunday that Egypt's agriculture sector has been able to absorb the shock of the coronavirus pandemic, and “as a result, the contribution of the agriculture sector to Egypt's GDP increased to more than 15 percent.”
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Business
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Economy
5/15/2022 2:28:10 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outlook Report.
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Opinion
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5/11/2022 12:05:22 PM
China is now developing new engines of economic growth, new modes of social life and new pathways of people-to-people exchange, in order to facilitate cross-border trade, keep industrial and supply chains secure and smooth, and to promote steady and solid progress in global economic recovery.
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Business
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Economy
5/10/2022 12:19:11 PM
The European Bank for Reconstruction and Development (EBRD) raised its projections for Egypt’s GDP growth for the current FY2021/22 to 5.7 percent — which ends in June — up from the 4.9 percent it projected in November before slowing down to 5 percent in FY2022/23 — which begins in July — according to the Regional Economic Prospects Report the bank released on Tuesday.
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Business
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Economy
4/27/2022 2:02:37 PM
The International Monetary Fund (IMF) has downgraded its projection for the real GDP growth in the Middle East and North Africa (MENA) region to five percent, down from 5.8 percent in 2021.
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Business
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Economy
4/20/2022 2:47:48 PM
Egypt’s general government gross debt to GDP ratio is expected to jump to 94 percent in 2022, up from 93.5 percent in 2021, before winding down to 89.6 percent in 2023 and then declining to 80.7 percent by 2027, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/19/2022 3:12:15 PM
The International Monetary Fund (IMF) has revised its projections for Egypt's real GDP growth in 2022 by 0.3 percent to reach 5.9 percent, up from 5.6 percent expected in January, before slowing down to 5 percent in 2023, the Fund announced on Tuesday.
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Business
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Economy
4/14/2022 5:47:57 PM
The World Bank (WB) has maintained Egypt’s real GDP growth at 5.5 percent in fiscal year (FY) 2021/2022, downgrading its forecast for FY 2022/2023 to five percent, down from 5.5 percent expected in January.
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Business
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Economy
4/14/2022 3:19:40 PM
The International Monetary Fund (IMF) will revise down the real GDP growth of 143 economies – accounting for 86 percent of global GDP – following the Russian invasion of Ukraine, IMF Managing Director Kristalina Georgieva said on Thursday.
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Business
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Economy
4/4/2022 4:45:33 PM
Fitch Solutions upgraded Egypt’s real GDP growth forecast to 5.5 percent in 2022, up from the 5.3 percent it projected in February, which is the government’s target for the year, according to Fitch Solutions’ MENA Monthly Outlook Report.
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Business
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Economy
4/3/2022 3:25:21 PM
Egypt is planning to lower its debt to GDP ratio to below 90 percent by the end of the current FY2021/22 — which will conclude at the end of June 2022 — and under 85 percent over the coming three years, according to Minister of Finance Mohamed Maait.
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Business
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Economy
3/31/2022 2:37:01 PM
Egypt’s real GDP growth is expected to decline to 3.1 percent in 2022, down from 7.2 percent recorded in 2021, and to jump to six percent in 2023, the European Bank for Reconstruction and development (EBRD) said on Thursday.
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Business
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Economy
3/27/2022 12:25:04 PM
Egypt’s anticipated programme with the International Monetary Fund (IMF) will target preserving the country’s gains from the previous economic reform programme, Minister of Finance Mohamed Maait said on Saturday.
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Business
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Economy
3/22/2022 3:32:01 PM
Egypt lowered its expectation for real GDP growth in upcoming FY2022/2023 – which starts 1 July – to 5.5 percent, down from 5.7 percent expected in January, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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World
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International
2/27/2022 2:32:10 PM
German Chancellor Olaf Scholz said Sunday that Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP.
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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
2/21/2022 6:19:41 PM
Egypt’s GDP is expected to grow to post EGP 7.9 billion by the end of the current FY2021/22, up from the EGP 4.8 trillion recorded in FY2017/18 and EGP 4.4 trillion recorded in previous fiscal years, the Ministry of Planning and Economic Development announced on Monday.
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Business
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Economy
2/13/2022 3:00:41 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast to 5.3 percent in both the current FY2021/22 and FY2022/23, up from the 5 percent it expected for Egypt in FY2021/22.
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Al-Ahram Weekly
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Economy
2/11/2022 7:51:00 PM
Experts are betting that the Egyptian economy can handle the aftermath of the pandemic, write Niveen Wahish and Sherine Abdel-Razek.
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Al-Ahram Weekly
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Economy
2/11/2022 1:28:00 PM
The World Bank praised the economy’s ability to mitigate Covid-19. Al-Ahram Weekly reviews Egypt’s Economic Monitor report
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