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Business
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Economy
6/17/2025 4:42:43 PM
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July. The budget sets a real GDP growth target of 4.5 percent, nearly double the 2.4 percent growth recorded in FY2023/24.
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Business
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Economy
6/17/2025 12:01:20 PM
Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have steadily weakened since the 2008 global financial crisis, both in nominal terms and as a share of GDP, the World Bank (WB) announced on Monday.
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Business
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Economy
5/27/2025 3:35:43 PM
Egypt’s information and communications technology (ICT) sector has emerged as the fastest-growing contributor to the country’s economy, doubling its share in GDP from 3.2 to six percent over the past seven years, according to Minister of Communications and Information Technology Amr Talaat.
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Business
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Economy
5/19/2025 3:21:47 PM
Egypt’s real GDP growth is projected to rise to 4.3 percent in the current FY2024/2025, which ends by the end of June, up from 2.4 percent in FY2023/2024, after two years of sluggish performance, according to data published by the Central Bank of Egypt (CBE) on Monday.
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Business
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Economy
5/13/2025 1:34:00 PM
Egypt’s real GDP growth is expected to jump from 2.4 percent in FY2023/2024 to 3.8 percent in the current FY2024/2025, which ends at the end of June, and 4.4 percent in the upcoming FY2025/2026, according to a European Bank for Reconstruction and Development (EBRD) report released on Tuesday.
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Opinion
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Opinion
3/27/2025 8:52:59 PM
Without joint investment, shared planning, and a broader conception of sovereignty that includes defence, the EU risks becoming a bystander in its own security arena.
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Business
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Economy
3/26/2025 12:11:06 PM
Egypt's GDP growth rate rebounded to 4.3 percent in the second quarter (Q2) of FY2024/2025, a significant increase from 2.3 percent during the same period a year earlier, a statement by the Ministry of Planning, Economic Development, and International Cooperation said Wednesday.
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Business
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Economy
3/18/2025 1:50:27 PM
Ahram Online shared its questions with the World Bank team to help us understand the broader picture regarding the latest projections for emerging markets and developing economies, in general, and for the Egyptian economy, in particular.
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Business
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Economy
3/4/2025 4:12:02 PM
Egypt's real GDP growth is projected to reach four percent by the end of FY2024/2025, which ends in June, and to reach 4.5 percent in FY2025/2026, which starts in July, Minister of Planning, Economic Development and International Cooperation (MOPEDIC) Rania Al-Mashat said on Tuesday.
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Business
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Economy
2/27/2025 2:07:04 PM
The National Industrial Strategy targets increasing the industrial sector's contribution to the GDP from 14 percent to 20 percent by 2030, a statement by the Ministry of Planning, Economic Development, and International Cooperation said Thursday, citing Minister of Industry and Transport Kamel El-Wazir.
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Al-Ahram Weekly
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Economy
2/9/2025 8:37:00 PM
Egypt’s economy has come a long way due to the government’s reform programme, but further action is needed, according to recent reports.
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Business
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Economy
1/17/2025 6:09:24 PM
The International Monetary Fund (IMF) has cut its projections for Egypt’s real GDP growth by 0.5 percent and one percent for the FY2024/2025 and FY2025/2026 to settle at 3.6 percent and 4.1 percent, according to the World Economic Outlook (WEO) report the IMF released on Friday.
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Business
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Economy
1/17/2025 6:00:17 PM
The World Bank (WB) has maintained its projections for Egypt’s real GDP growth in the current FY2024/2025 at 3.5 percent, but upgraded it to 4.2 percent in the FY2025/2026, according to the Global Economic Prospects report WB released on Thursday.
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Business
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Tech
1/14/2025 10:59:25 AM
Minister of Communications and Information Technology Amr Talaat met on Monday with a delegation from the Federation of Industries in Bavaria, one of Germany’s leading industrial states and the second wealthiest with a GDP exceeding 700 billion euros, to discuss investments and ICT collaboration.
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World
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International
1/9/2025 7:06:18 PM
German Chancellor Olaf Scholz voiced opposition Thursday to US President-elect Donald Trump's call for NATO members to raise defence spending to five percent of GDP.
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Business
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Economy
12/31/2024 2:41:03 PM
The real GDP growth rate recovered to 3.5 percent during the first quarter (Q1) of the fiscal year (FY) 2024/2025, from 1 July to 30 September, compared to 2.7 percent during the same period in FY2023/2024.
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Business
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Economy
12/18/2024 12:58:58 PM
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7 percent, according to Egypt’s Country Risk Report released on Wednesday.
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Business
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Economy
12/6/2024 3:20:56 PM
Egypt’s tourism, with its direct and indirect activities, has increased slightly from 8 percent in 2023 to reach 8.1 percent of Egypt’s total GDP in 2024 (generating $32.2 billion), according to data from Tourism Economics.
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Business
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Economy
11/25/2024 7:12:17 PM
Prime Minister Mostafa Madbouly announced Monday that Egypt aims to raise the industrial sector's contribution to the gross domestic product (GDP) to between 20 percent and 30 percent, up from its current 14 percent.
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Business
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Economy
11/14/2024 5:02:06 PM
Minister of Petroleum and Mineral Resources Karim Badawi announced Thursday that the ministry plans to increase the mining sector's contribution to the country’s gross domestic product (GDP) from one percent to five-six percent.
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