Economy

Egypt is expected to achieve a budget deficit of 7.2 percent in the current fiscal year, compared to around 13 percent 3 years ago, Finance Minister Mohamed Ma’it said during his speech at Euromoney conference.
Egypt expected to achieve budget deficit of 7.2% in current fiscal year
President of the German Mittelstand Association of Small and Medium-Sized Enterprises (BVMW) Mario Ohoven hailed on Thursday the growing Egyptian economy.
Germany's BVMW president praises growing Egyptian economy
Egyptian President Abdel Fattah al-Sisi held a meeting on Thursday with Japanese Minister of Economy, Trade and Industry Hiroshige Seko, in Yokohama, during the president's official visit to Japan.
Japan's economy min. stresses his country's willing to enhance cooperation with Egypt
In an article reviewing the Egyptian economic situation, Financial Times wrote about how Egypt turned to be the economic safe haven for investors and entrepreneurs from being “in an abyss three years ago”.
Financial Times: Egyptian economy hailed as one of the region’s fastest-growing economies
Egypt’s recovery has turned it into the Middle East’s fastest-growing economy following three years of reforms enacted to secure a $12 billion loan from the International Monetary Fund, Bloomberg said in a report Wednesday.
Bloomberg: Economic reforms turns Egypt into Middle East’s fastest-growing economy
The Egyptian President issued on Thursday a decree sanctioning an economic and technical cooperation deal between Egypt and China, which was signed in September last year, MENA reported.
Sisi approves economic deal with China
Egypt recorded a growth rate of 5.7 percent during the fourth quarter (Q4) of fiscal year 2018/2019, Prime Minister Mostafa Madbouli stated during the Cabinet Weekly meeting.
Egypt achieves growth rate of 5.7% in Q4 of 2018/19
Egypt's Minister of Investment and Cooperation Sahar Nasr launched on Monday the second phase of Egypt’s investment plan.
Egypt launches second phase of investment plan, offering offers 2,000 investment opportunities
European Bank for Reconstruction and Development (EBRD) -logo
EBRD invests in 50 Egyptian projects with $5 B since 2012
Egypt's Ministry of Finance
Australian Ambassador hails Egypt's budget, positive indicator
gypt achieved a primary budget surplus of LE 36 billion, a positive leap that has not been achieved in many years, all credited to the public financial tuning efforts, fixing imbalances, reducing differences between income and expenses
Egypt economy achieves breakthrough, budget surplus doubles 500%
World Bank’s board of directors approved Wednesday an additional $500 million fund to support Egypt’s ongoing efforts in expanding and improving social safety nets, Minister of Investment and International Cooperation Sahar Nasr stated on Thursday.
World Bank approves $500M fund to support Egypt's efforts in social safety nets
The Central Bank of Egypt
Cabinet media center highlights positive change in foreign media coverage of Egypt economy
Egypt latest economic reform program launched in 2016, was a much-needed brave endeavor, developed by home-grown economic team, approved by political leadership
Opinion - Throwback 2013: Yes, Egypt’s economy is fundamentally improving and here is why
Egypt pumped three billion Egyptian pounds ($176.4 million) into a number of development projects located in Sinai governorate, Investment Minister Sahar Nasr said on Monday.
Egypt invests $176.4 M in Sinai’s development projects
The International Monetary Fund (IMF)
Egypt expected to receive 6th tranche of IMF worth $2 B in July 2019
The World Bank Group (WBG)
WBG president, Egypt's investment minister meet 30 women of micro-sized projects in Aswan
Ministry of Finance
Egypt targets to raise economic growth rate to 8 percent in 2021/22
Central Bank of Egypt (CBE)
US investment fund to buy Egypt’s United Bank in 3 months
Moody's Investors Service (Moody's) upgraded the long-term foreign and local currency issuer ratings of the Government of Egypt to B2 from B3, and changed its outlook to stable from positive.
Moody's raises Egypt's rating to B2 with stable outlook
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