CAIRO - 27 October 2019: The unemployment rate in Egypt reached the lowest level in 30 years with 7.5% in the second quarter of 2019, compared with 9.9% one year earlier, Egypt's cabinet media center announced.
The drop has been achieved thanks to main factors; including the implementation of 9,039 projects by the state during the period from July 2014 to December 2018 at a total cost of EGP 2.1 trillion, the center said in an info-graphic posted on its official website on Saturday, Ahram online said.
The drop was also attributed to loans and facilities granted to companies and MSEs institutions at a value of EGP 144.2 billion during the period from December 2015 to June 2019, serving over 565,000 clients.
Sun, Oct. 27, 2019
