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Business
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Economy
10/12/2021 3:07:44 PM
The International Monetary Fund (IMF) has revised up Egypt’s real GDP growth projections for 2021 to 3.3 percent while maintaining its expectation for 2022’s GDP growth for the country at 5.2 percent.
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Business
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Economy
10/7/2021 7:29:15 PM
The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June before hitting 6 percent in 2022.
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Business
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Economy
10/5/2021 5:32:15 PM
The global GDP is expected to see $5.3 trillion in losses over the coming five years if there is a delay in vaccine rollouts, especially in emerging and developing countries, according to the IMF’s managing director Kristalina Georgieva.
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Business
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Energy
10/4/2021 2:46:40 PM
Achieving net-zero carbon emissions globally by 2050 requires additional global investments in the range of 0.6 to 1 percent of the annual global GDP over the next two decades, amounting to a cumulative $12 to $20 trillion, according to the International Monetary Fund (IMF).
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Business
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Economy
9/29/2021 2:21:35 PM
Emerging economies’ debt to GDP ratio edged up to 246 percent in the second quarter (2Q) of 2021, up from the 226 percent recorded at the end of 2019, according to Moody’s.
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Business
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Economy
9/7/2021 4:29:00 PM
On Egypt’s main external weaknesses, the report said that they stem from a low goods and services export base, which recorded 13 percent of GDP in 2020, adding that low exports make Egypt a relatively closed economy
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Egypt
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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
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Business
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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
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Business
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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
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Al-Ahram Weekly
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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
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Business
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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
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Business
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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
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Business
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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.
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Business
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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
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Business
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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
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Business
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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.
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Business
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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
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Business
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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
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Business
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Economy
5/24/2021 1:56:13 PM
Maait attributed the expected increase to the expansion in developmental investments
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Business
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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
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