Economy

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
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Egypt's Macroeconomic Reforms Successfully Corrected The Country's Economy: CPI
Swiss Federal Councillor Guy Parmelin, head of Switzerland’s Federal Department of Economic Affairs, Education and Research, will conduct an economic mission to Cairo from 2-5 February.
High-level Swiss delegation visits Egypt for 3 days
Chief of the Swiss Federal Department of Economic Affairs, Education & Research Guy Parmelin is in Cairo for talks with Egyptian officials on means of boosting economic relations between the two countries.
Swiss official in Cairo to discuss economic cooperation
Minister of International Cooperation Rania El Mashat praised on Thursday relations with the United States, especially in the economic domains.
Economic partnership with US "strategic": Egypt's Min.
World Economic Forum kicked off Tuesday in the Swiss city Davos, with the participation of the Egyptian Minister of International Cooperation Rania al-Mashat.
Egypt participates in World Economic forum in Davos
Egypt is enjoying relatively strong growth, estimated at 5.5 percent for 2019 and projected at 5.8 percent in 2020
Egypt enjoys strong growth owing to robust recovery of domestic demand: UN
Egypt's Ministry of International Cooperation has started making preparations for a visit of a high-level delegation comprising executive directors of the World Bank to Egypt in January.
Egypt prepares to a visit from high-level WB delegation
Egypt's economic reform program contributed to solving the problems that the country suffered from, as it helped save LE 650 billion to solve the electricity problem, Minister of Finance Mohamed Ma’it said Monday.
Egypt's economic reform program saves LE 650B to solve electricity problem
economy
Sahar Nasr: Africa 2019 promotes investment opportunities in continent
Egypt's Ministry of Finance issued the rules, bases and assumptions for preparing the draft law of the general budget for fiscal year 2020/2021.
Finance Ministry states priorities of 2020/21 draft budget
Egypt's Ministry of Finance announced that the country returns back to the international bond market through auctioning $2 billion in bonds in three tranches, according to the Ministry of Finance.
Egypt returns back to int'l market by auctioning $2 billion in bonds
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