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Business
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Economy
12/31/2024 5:15:38 PM
Private investments reached EGP 133.1 billion at constant prices in the first quarter (Q1) of FY2024/2025, approximately 63.5 percent of total investments, registering a 30 percent growth rate compared to Q1 of FY2023/2024, according to data published by the Ministry of Planning, Economic Development, and International Cooperation on Tuesday.
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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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Egypt
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Tourism
12/23/2024 1:06:18 PM
The number of tourist arrivals in Egypt is expected to reach around 15.3 million by the end of 2024, reflecting an annual growth rate of approximately five percent from 2023, Minister of Tourism and Antiquities Sherif Fathy said.
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Egypt
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Politics
11/3/2024 3:08:58 PM
President Abdel-Fattah El-Sisi emphasized on Sunday that Egypt's priority is to ease pressures and burdens on citizens by combating inflation and rising prices while continuing efforts to attract investments and empower the private sector to increase employment and growth rates.
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Business
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Economy
10/17/2024 3:57:58 PM
The World Bank's latest report "Growth in the Middle East and North Africa" expected Egypt's real GDP growth rate to recover to 3.5 percent in FY2025, following a decline from 3.8 percent in FY2023 to an anticipated 2.5 percent in FY2024.
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Business
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Economy
9/9/2024 9:01:30 PM
Food Export Council aims to achieve a composite annual growth rate of 15 percent with export targets of $6 billion by the end of 2024 and $7.7 billion by 2027, Chairman of the Food Export Council (FEC) Hani Berzi announced.
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Business
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Economy
9/5/2024 12:58:00 PM
Trade between Egypt and Türkiye increased from $4.7 billion in 2016 to $6.50 billion in 2023, with a growth rate of 38 percent.
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Business
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Economy
8/27/2024 3:32:50 PM
Egypt’s real GDP growth rate is projected to hit 5.5 percent over the medium term, according to the International Monetary Fund's (IMF) staff report on Monday on the third review of the country’s $8 billion loan programme.
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Business
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Economy
8/6/2024 1:35:07 PM
Egypt's food industry exports increased in the first half (1H) of 2024 reaching $3.2 billion, achieving a growth rate of 25 percent compared to the same period in 2023, according to the Food Export Council (FEC).
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Egypt
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Society
6/2/2024 10:13:29 PM
Egypt's population growth rate dropped from 1.9 percent in 2019 to 1.4 percent in 2023, according to cabinet spokesperson Mohamed El-Homsani on Sunday.
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Egypt
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Society
3/28/2024 11:22:00 PM
Population growth rate in Egypt declined by 46 percent from 2017 to 2023, Minister of Planning and Economic Development Hala El-Said stated on Thursday.
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Business
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Tech
2/28/2024 12:09:34 PM
The value of the global cross-border digital remittance market reached $148.08 billion in early 2023 and is expected to achieve a compound annual growth rate of over 12.5 percent to reach $339.8 billion by 2030, according to a report released by the UAE-based business-to-business prepaid products provider Prepay Nation on Tuesday.
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Business
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Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.
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Business
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Economy
1/15/2024 7:43:32 PM
Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024 from 4.4 percent in the same quarter of FY2022/2023 (July-September), according to data released by the Ministry of Planning and Economic Development on Monday.
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Egypt
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Health
1/5/2024 6:40:54 PM
Egypt recorded an 8 percent decline in population growth rate in 2023 compared to 2022, according to a statement released by Minister of Health and Population Khaled Abdel-Ghaffar on Friday.
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Business
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Economy
12/17/2023 3:34:16 PM
Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024, according to a recent report by the Institute of International Finance (IIF).
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Business
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Economy
12/4/2023 4:04:21 PM
Egypt has revised down its growth projection for FY 2023/2024 to 3.5 percent, Hala El-Said, minister of planning and economic development, said on Monday.
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Business
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Economy
11/29/2023 10:31:51 PM
African Development Bank (AfDB) downgraded its forecast of the growth rate of the gross domestic product (GDP) of Africa for 2023 and 2024 to 3.4 percent and 3.8 percent, respectively, from 4.0 percent and 4.3 percent.
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Business
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Economy
9/20/2023 10:31:05 PM
Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent, said Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), on Wednesday.
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Business
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Economy
4/19/2023 3:45:42 PM
Egypt's construction industry is expected to grow by 6.8 percent year-on-year in 2023, with an average annual growth rate of 7.4 percent predicted between 2024 and 2027, according to a report by Fitch Solutions.
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