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Egypt - Politics
8/29/2021 6:02:25 PM
The minister also declared that it is planned to uplift the sector’s export capacity to reach $6 billion in FY2021/22, up from $3.5 billion in FY2020/21

Business - Economy
8/15/2021 1:50:00 PM
Fitch also predicted that Egypt’s interest rate will average at 9.25 percent and the US dollar will be traded at EGP 16.20

Business - Economy
8/4/2021 2:09:48 PM
Pressures on the Egyptian banks’ credit profiles and viability ratings have eased after improvements to the operating environment were made by the end of the third quarter of 2020

Al-Ahram Weekly - Economy
7/30/2021 2:55:00 PM
Egypt’s economy has been doing well despite the coronavirus pandemic and should continue on the same path

Business - Economy
7/27/2021 3:16:43 PM
During July, the IMF expected Egypt's real GDP growth to increase by 5.2% in FY2021/2022 – up from 2.8% in FY2020/21 – before rebounding slightly in FY2022/23 to reach 5.6%, which is the same percentage recorded in FY2019/20

Business - Economy
7/25/2021 4:42:09 PM
Egypt followed Saudi Arabia and the UAE with an expected GDP value of $394.3 billion in 2021

Business - Economy
6/28/2021 8:17:13 PM
Allard stressed that Egypt needs to continue setting a balance between maintaining its recovery efforts and preserving its financial stability.

Business - Economy
6/13/2021 1:33:39 PM
Egyptian banks have higher profitability ratios than other peers in region, which gives them a room to keep adequate profitability margins and internal capital generation if interest rates are cut, according to Fitch

Business - Economy
6/10/2021 12:47:01 PM
Okamato said that 60 percent of debt issued in emerging markets after January 2020 has ended up on domestic banks’ balance sheets, which is a concerning matter

Business - Economy
6/8/2021 4:27:28 PM
Citing Egypt, the report noted that the country’s forecasts in FY2020/21 reflect damage to tourism, manufacturing, and oil and gas extraction from the pandemic, before strengthening again in FY 2021/22.

Business - Economy
6/2/2021 4:59:23 PM
Egypt’s FY2021/22 is expected to be rolled out as of 1 July with a total budget value of EGP 2.6 trillion, the biggest in Egypt’s history, increasing from a value of EGP 2.2 trillion for the current FY2020/2021 budget

Business - Economy
5/31/2021 5:00:39 PM
For 2022, the OECD projected global GDP growth to slow down to 4.4 percent, while expecting global income to remain some $3 trillion less by the end of 2022 than was expected before the crisis hit

Business - Economy
5/24/2021 1:56:13 PM
Maait attributed the expected increase to the expansion in developmental investments

Business - Economy
5/4/2021 7:31:08 PM
Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth in FY2020/21 driven by the pandemic's repercussions

Al-Ahram Weekly - Economy
4/28/2021 2:49:00 PM
Egypt’s economy kept growing during the Covid-19 pandemic

Business - Economy
4/28/2021 2:00:03 PM
Maait said budget deficit to GDP ratio is expected to decrease to 6.7 percent, down from the projected 7.07 percent in the current FY2020/2021

Business - Economy
4/27/2021 6:03:39 PM
The strategy is expected to support Egypt's budget targeted primary surpluses and to create room for priority spending on health, education and social protection, according to Maait.

Business - Economy
4/26/2021 12:33:29 PM
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry

Business - Economy
4/25/2021 7:56:43 PM
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait

Business - Economy
4/25/2021 4:52:53 PM
Minister Hala El-Said also said the FY2021/22 draft budget targets allocating EGP 358 billion in governmental investments and EGP 269 billion for the public economic authorities

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