Economy

IMF raises its forecast for Egypt's economy growth to 2.8% in 2020/21
IMF raises its forecast for Egypt's economy growth to 2.8% in 2020/21
Egypt allocates LE 6.3B to support tourism, culture, aviation sectors
Egypt allocates EGP 6.3B to support tourism, culture, aviation sectors
The Monetary Policy Committee (MPC) of the Central Bank of Egypt’s (CBE) attributed its decision to keep interest rates unchanged during December to several factors.
Full statement of Central Bank of Egypt on unchanged rates
Egypt’s central bank issues EGP 16.5B on T-bills on Sunday
Egypt’s central bank issues EGP 16.5B on T-bills on Sunday
Egyptian banks' assets, reserves abroad jump 90% in 7 months
Egyptian banks' assets, reserves abroad jump 90% in 7 months
Egypt, UK sign agreement to secure free trade before Brexit completes
Egypt, UK sign agreement to secure free trade before Brexit completes
Egypt's economy hailed by int'l institutions: Finance Min.
Egypt's economy hailed by int'l institutions: Finance Min.
The International Monetary Fund (IMF) declared Monday that Egypt is the only country in the Middle East and North Africa region that will achieve a positive economic growth
Egypt to be only country in MENA region achieving positive economic growth in FY20/21: IMF
Egypt’s Abdel Fattah el Sisi directed, Wednesday, developing the maritime transport sector to achieve the maximum economic and trade return for Egypt.
Egypt's Sisi orders developing maritime transport sector to achieve higher economic revenues
economy
Egypt's central bank reduces the interest rates by 0.5%
Egypt's Minister of Finance Mohamed Maeet has reviewed a report issued by the New York-based financial firm Goldman Sachs on Egypt, saying that the report has made it clear that the Egyptian economy is robust
Egypt’s finance min. discusses New York-based financial firm Goldman Sachs’ report that praises Egypt's economy
Egypt's (B2 stable) credit profile reflects its sizable and diversified economy, large domestic funding base, and projected foreign exchange reserves that are enough to cover maturing external liabilities over the next three years
Egypt’s credit rating reflects resilient, diversified economy: Moody’s
Egypt to set electronic system to track goods for 1st time
Egypt to set electronic system to track goods for 1st time
The Egyptian banking system has remained stable in light of the global fluctuations caused by the emerging corona virus pandemic, according to the International Monetary Fund (IMF).
Egypt has world's highest interest rates as inflation slows down: Bloomberg
Revenues of Suez Canal have recorded $27.2 billion during the last 5 years as 90,000 ships have crossed with a net tonnage of 5.5 billion tons
Suez Canal revenues record $27.2B in 5 years
B Investments Holdings announced holding preliminary discussions with Total Egypt to exercise its right to sell 20 percent of its stake in the later.
B Investments discusses selling 20% of its take in Total Egypt
Egypt's Cabinet plans to boost agricultural exports in FY2020/2021 by entering new markets through grapes, citrus, and garlic.
Egypt aims to increase agricultural exports by entering new markets
Egyptian President Abdel Fatah Al-Sisi ratified Law No. 85 of 2020 linking the state’s general budget for the fiscal year 2020/2021.
Egypt's Sisi ratifies Egypt's 2020/21 budget
Tourism sector’s Investment plan during 2020/2021 declined 28.8 percent, recording LE 5.2 billion, down from LE 7.3 billion in 2019/2020, according to Minister of Planning and Economic Development Hala el-Saeed.
Egypt's investment plan for tourism reaches LE5.2B in 2020/21
The Egyptian Ministry of Planning and Economic Development, in cooperation with the "Terous Misr Foundation", launched the "Egypt will pass" [Misr hataady] initiative
Egypt launches initiative to encourage private sector to maintain employment to confront Corona virus crisis
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