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Business - Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.

Business - Economy
1/30/2023 9:42:59 PM
Egypt aims to have a gross domestic product (GDP) growth rate of 5 percent and 6 percent in 2024 and 2025 respectively, Prime Minister Mostafa Madbouly said in the opening speech of CI Capital’s Seventh Annual MENA Investor Conference on Monday.

World - Region
12/27/2022 3:29:49 PM
Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.

Business - Economy
12/26/2022 11:22:00 PM
The COVID-19 pandemic continues to create serious challenges for the Egyptian economy, which has been exacerbated by the repercussions of the Russian-Ukrainian conflict that sparked in March.

Business - Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.

Business - Economy
12/6/2022 4:38:51 PM
South Africa's economy rebounded beyond pre-Covid levels in the third quarter of 2022 to reach its highest-ever peak, official data showed Tuesday.

Business - Economy
12/5/2022 3:34:24 PM
Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF), Minister of Finance Mohamed Maait said in statements to Alsharq Bloomberg on Sunday.

Business - Economy
11/28/2022 10:07:34 PM
The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.

Business - Economy
11/14/2022 12:56:15 PM
Fitch Solutions has revised up its projections for Egypt’s real GDP growth in 2022 by 0.3 percent to 6.62 percent from 6.59 percent it projected in October, according to its latest update on its monthly MENA Economic Outlook Report.

COP27 - Focus
11/11/2022 3:00:15 PM
Countries representing more than 50 percent of global GDP have agreed to set out sector-specific priority actions to decarbonise power, road transport, steel, hydrogen and agriculture sectors by the 28th UN Climate Change Conference (COP28), which is set to be held in the United Arab Emirates in November of next year.

Business - Economy
11/7/2022 3:36:00 PM
In an exclusive interview, Kristalina Georgieva, the Managing Director of the International Monetray Fund (IMF), told Al-Ahram she is confident that Egypt’s commitment to fiscal prudence under the new IMF-backed programme will contribute to maintaining market confidence and ensuring that public debt-to-GDP is on a downward trajectory, thereby helping to create room to expand the social safety net for vulnerable groups.

Business - Economy
10/24/2022 6:23:32 PM
Raising the private sector’s contribution to Egypt’s GDP and creating an environment for them to play a greater role in the country’s economy were the key issues on the second day of Egypt’s Economic Conference, held on Monday.

Business - Economy
10/23/2022 7:43:24 PM
Egypt needs to enforce already existing laws regulating businesses to attract more investors who would contribute to the country's GDP and economic activity, said economist and former minister of investment Ziad Bahaa El-Din.

Business - Economy
10/23/2022 1:43:34 PM
The ongoing global economic challenges has been affecting emerging and developing markets, including Egypt, putting heavy pressures on their economies and its exchange rate reserves, said the well-known economist and the President of Queens’ College Mohamed El-Erian.

Al-Ahram Weekly - Egypt
10/20/2022 10:54:00 AM
Egypt is anticipating its fourth loan from the International Monetary Fund in order to boost the economy, increase foreign-currency reserves, and cushion the effects of the global inflationary wave.

Business - Economy
10/16/2022 1:21:43 PM
For the fourth month in a row, Fitch Solutions has raised its projections for Egypt’s real GDP growth in 2022 by 0.36 percent to 6.59 percent, up from 6.23 percent it projected a month ago, according to its updated report on MENA economic outlook. On the other hand, the report maintained its expectations for the country’s inflation rate at 13.2 percent through end of 2022 for the third consecutive month.

Business - Economy
10/11/2022 4:44:46 PM
The International Monetary Fund (IMF) has revised its projections for Egypt’s real GDP growth in 2022 to 6.6 percent up from 5.9 percent it had expected in July, but lowered it for 2023 to 4.4 percent down from 4.8 percent, according to its World Economic Outlook report released on Tuesday.

Business - Economy
9/18/2022 3:32:31 PM
For the third consecutive month, Fitch Solutions has revised its projections for Egypt’s real GDP growth in 2022 up by 0.6 percent to 6.23 percent, up from 6.17 percent it projected a month ago, according to its updated report on MENA economic outlook.

Business - Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.

Al-Ahram Weekly - Opinion
9/7/2022 11:00:00 AM

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