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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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Al-Ahram Weekly
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Focus
12/12/2023 7:21:07 PM
Omnia Haridy explores prospects for the growth of renewable energy in Egypt amid rising global challenges
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Business
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Economy
12/12/2023 7:09:44 PM
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Tech
12/5/2023 9:56:17 PM
Egypt's Information and Communications Technology (ICT) sector experienced a remarkable 16.3 percent growth in FY2022/2023, marking it as the country's fastest-growing sector for the fifth consecutive year, according to a statement by the Information Technology Industry Development Agency (ITIDA) on Tuesday.
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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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Markets & Companies
11/6/2023 3:53:27 PM
Elsewedy Industrial Development (SD), a subsidiary of Egypt's Elsewedy Electric, announced the launch of a huge industrial city in Tanzania, which aims to attract over $400 million in investments and generate over 50,000 jobs to support industrial growth in the African country.
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Business
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Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.
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Business
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Economy
10/12/2023 4:57:31 PM
It is necessary and critical for Egypt to adopt a flexible regime for its exchange rate in order to protect its economy from the external shocks that are continuing to emerge, Jihad Azour, the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/11/2023 5:02:29 PM
Egypt has seen tremendous growth in the agricultural sector over the past 60 years. The sector contributes nearly 11 percent of GDP and 18 percent of export earnings. It also employs 20 percent of the total workforce.
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Business
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Economy
10/10/2023 1:46:15 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s real GDP growth in 2023 to 4.2 percent, up from the 3.7 percent it expected in July, according to the World Economic Outlook (WEO) report issued by the fund on Tuesday.
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Business
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Economy
10/5/2023 10:46:13 PM
The World Bank has revised up its forecasts for Egypt’s real GDP growth in 2023 to 4.2 percent from 4 percent, according to the bank’s latest MENA economic update released on Thursday.
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Al-Ahram Weekly
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Egypt
9/28/2023 7:02:00 PM
Canadian Ambassador in Cairo Louis Dumas describes Egyptian-Canadian relations and opportunities for growth in an interview with Al-Ahram Weekly.
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Business
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Economy
9/25/2023 6:59:13 PM
About 43 percent of Egypt's small and medium-sized enterprises (SMEs) are confident about their ability to grow in 2023, stated a report by Mastercard, a global payment processing company.
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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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Egypt
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Foreign Affairs
9/16/2023 5:56:12 PM
Ambassador Dominic Goh, Singapore's ambassador to Egypt, told Ahram Online on the occasion of his country's 58th National Independence Day that both states share interests in promoting a peaceful world and fostering economic development.
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Al-Ahram Weekly
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Egypt
9/16/2023 9:31:00 AM
Egypt must make every effort to contain population growth.
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Business
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Economy
9/14/2023 10:57:55 PM
Moody's on Thursday downgraded China's property sector outlook to negative from stable, saying weaker growth was impacting homebuyers' spending.
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Business
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Economy
9/13/2023 3:35:00 PM
The United States is committed to supporting Egypt’s goal to increase annual exports to $100 billion, said Laura Gonzalez, director of economic growth at the US Agency for International Development (USAID).
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