Economy

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
Egypt's Planning Minister Hala el Saied said the economic reform program boosted the state's ability to confront the coronavirus crisis and strengthened its economy.
Economic reform program boosted Egypt's ability in face of coronavirus
"Egypt's profit rate from tourism sector reached $11 billion as of March 8, 2020," Minister of Planning and Economic Development Hala al-Saeed said Tuesday.
Egypt's profit rate from tourism records $11B as of March 8, 2020
"Egypt targets to increase investments in health sector during fiscal year 2020/2021 by 69 percent, reaching LE 15.3 billion," Minister of Planning and Economic Development Hala el-Saeed said Wednesday.
Egypt increases investments in health sector by 69% in 20/21
Chairwoman of the Egyptian Union for Microfinance Mona Zou al-Faqar told press on Tuesday that the number of microfinance recipients grew by 11.8 percent to record 3.5 million in 2019
Microfinance records 47% growth in 2019
The total trade exchange between Egypt and the countries of the world during the first eleven months of 2019 hit about $5.34 billion
Total trade exchange bet Egypt, World countries hit $5.3B in 11 months: CAPMAS
CPI Financial praised Sunday the Egyptian economy and the reforms and measures taken in the country throughout the previous period.
UAE-based CPI financial praises Egyptian economy, measures taken in last period
sisi
Egypt's Macroeconomic Reforms Successfully Corrected The Country's Economy: CPI
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