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Business - Economy
Egypt’s rating remains at B+ with stable outlook, GDP growth to reach 3%: Fitch
3/10/2021 1:48:39 PM
Egypt’s economy has shown stability and resilience through the global COVID-19 pandemic, said Fitch Ratings
Business - Economy
Emerging markets’ real GDP to grow by 13.9% in 2021, 5% in 2022: Moody’s
2/25/2021 4:57:28 PM
Globally, recovery from the COVID-19 crisis will remain uneven, with the pandemic affecting individual businesses, sectors and regions very differently, according to the report
Al-Ahram Weekly - Opinion
The triad of global crises and the new European triangle
2/23/2021 8:14:01 PM
The developed countries hold the key to solving global problems in launching a set of urgent measures to aid less-fortunate nations, writes Mahmoud Mohieldin
Business - Economy
E-economy expected to add $180 bln to Africa’s GDP by 2025, up to $712 bln by 2050 due to coronavirus: report
2/18/2021 3:59:47 PM
Africa’s GDP expended by 4 percent per year between 2010 and 2019, more than twice that of European countries (1.7 percent) and Latin America (1.7) over the same period, according to the report
Business - Economy
INTERVIEW- Egypt’s GDP growth expected at 2.8%, account deficit to expand to 4.6% of GDP: IMF’s Azour
2/4/2021 2:08:23 PM
Egypt’s medium-term strategy will reduce public debt over four years, the director of the IMF’s Middle East and Central Asia department said
Business - Economy
Fitch Solutions revises projection for global GDP growth up to 5.5%
2/3/2021 3:50:21 PM
Fitch stressed that global recovery will be uneven and diverge sharply in emerging and developed economies, especially as the COVID-19 vaccine rollouts will be uneven across the world
Business - Economy
Egypt's strategy to reduce public debt to GDP ratio to 79% in FY 2023/2024: finance minister
2/1/2021 5:07:35 PM
Egypt’s income tax revenues increased to exceed 250 percent between FY 2014/2015 and FY2019/2020, while value-added tax revenues jumped by 200 percent during the same period
Business - Economy
Egypt’s petroleum investments record EGP 1.18 trillion in 2014-2020, minister tells House
2/1/2021 12:17:59 PM
The petroleum sector contributed 24% of Egypt's GDP in 2019/2020, El-Molla said
Business - Economy
IMF expects global public debt to rise to 98% of GDP, fiscal deficits to decline to 5%
1/28/2021 3:12:46 PM
The IMF projects deficits to hover around -13.3% in advanced economies, -10.3% in emerging markets, and -5.7% in developing countries
Business - Economy
MENA to witness different basis of recovery, rapid vaccine distribution to add $9 tn to global GDP: IMF
1/26/2021 7:20:03 PM
Economic Counsellor and Director of the research department of the International Monetary Fund Gopinath said that rapid vaccination distribution is expected to add $4 trillion to the global GDP
Business - Economy
Climate action expected to add 0.7% to global GDP over next 15 years: IMF's managing director
1/25/2021 2:23:36 PM
Managing Director of the IMF Kristalina Georgieva made her comments during a speech to the high-level session of the Climate Adaptation Summit 2021 that was launched virtually on Monday
World - Region
IMF urges deficit control in Tunisia even as protesters demand jobs
1/23/2021 10:35:30 AM
Violent protests have hit Tunisia at a time of unprecedented economic hardship in the North Africa country that ran a fiscal deficit of 11.5% of GDP in 2020, the highest in nearly four decades
Business - Economy
Global GDP expected to shrink by 4.3% by end-2020, Middle East to rebound in 2021 by 4% amid pandemic: EIB
1/20/2021 2:35:17 PM
EIB expected Middle East, Central Asia, and emerging and developing Europe's GDP to contract by 4 to 5 percent in 2020, followed by a rebound that ranges between 3 percent and 4 percent in 2021
Business - Economy
Egypt expected to restore pre-pandemic real GDP growth at 5.5% during FY2020/21
1/20/2021 12:36:13 PM
'Egypt’s economy continues to be praised by international financial institutions amid the COVID-19 crisis based on its positive indices that mirror its resilience against internal and external shocks' said Finance Minister Maait
Business - Economy
Egypt’s budget deficit to GDP ratio receded to 3.6% in first half of FY2020/21, revenues rose by 16%
1/14/2021 2:53:47 PM
Egypt's current FY2020/21 managed to attain positive indices despite the harsh impacts of COVID-19, said Minister of Finance Mohamed Maait.
Business - Economy
Fitch Solutions downgrades Egypt’s growth to 3% in 2021 for the second time in two months
1/11/2021 3:26:13 PM
In December, Fitch Solutions downgraded its economic growth outlook for Egypt to 3.2 percent in 2021, down from the 3.3 percent that was projected in November
Business - Economy
IMF raises Egypt’s growth projections to 2.8%, significant risks expected amid COVID-19
1/9/2021 1:17:38 PM
Under the SBA programme, Egypt has to pass the draft customs law by end of March, complete the public expenditure review by end of April, and develop a reform plan for the National Investment Bank by end of January
Business - Economy
AfCFTA to offer 1.5 bn jobs, achieve trade exchange worth $3.4 tn: EJB
1/3/2021 2:31:35 PM
The AfCFTA agreement is merging 54 African countries of 1.3 billion people in one market within an economic bloc with a combined GDP of $3.4 trillion, according to the African Centre for Economic Transformation
Business - Economy
Egypt targets 2% initial surplus-to-GDP ratio, 6.3% budget deficit in FY2020/21: CBE
12/29/2020 5:11:36 PM
Egypt’s government offered international bonds worth $5 million in May 2020
Business - Economy
Egypt’s telecom sector grows by 15.2% despite coronavirus: Cabinet report
12/24/2020 6:44:04 PM
The sector’s share in Egypt’s GDP grew by 4.4 percent to record EGP 108 billion in FY 2019/2020
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