Egypt's PM says 'State Ownership Document' consists of 8 areas, composed of 20 pages

Mon, 13 Jun 2022 - 07:56 GMT

Prime Minister Mostafa Madbouli stated Monday that the "State Ownership Document," which will be launched soon, consists of eight areas, and is composed of just 20 pages.

Gov't investments in communications, information technology sector hit LE 22.8B

Tue, 07 Jun 2022 - 06:06 GMT

Talaat added in a statement, Tuesday, that the communications and information technology sector has been the highest growing in Egypt for three consecutive years, with a growth rate of 16 percent.

World Bank raises its forecast for Egypt's economic growth to 6.1% in 2022

Tue, 07 Jun 2022 - 05:49 GMT

The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.

Food industrial sector contributes to 24.5% of GDP - official

Sun, 05 Jun 2022 - 02:09 GMT

The Egyptian food products have a good reputation at the local and international levels, adding that sector exports increased by 20 percent in 2021.

Manufacturing, agriculture, ICT sectors contribute to GDP by 26%: Min.

Tue, 31 May 2022 - 05:57 GMT

The main axis of the economic reform program is to increase the relative weight of the sectors of manufacturing, agriculture, communications and information technology, according to Minister of Planning Hala El-Said.

Egypt's industrial sector contributes to GDP by 11.7%: Min.

Tue, 31 May 2022 - 05:46 GMT

Gamea pointed out Tuesday that this great interest had the greatest impact in achieving qualitative leaps and developments in the Egyptian industrial sector at the level of legislation, new investments and expansions in cities and industrial areas, as well as the rise in export indicators for all industrial sectors during the past years.

Egypt’s Finance Minister calls on developed countries to help alleviate debt burden for developing states

Mon, 23 May 2022 - 10:55 GMT

The minister presented some features of Egypt’s policies to face global economic crisis.

Planning min.: GDP estimates for FY 2022/23 expected to record LE 9.2T

Tue, 17 May 2022 - 04:39 GMT

The minister added that the GDP estimates for FY 2022/2023 are expected to register LE 9.2 trillion, up 16 percent as compared with FY 2021/2022 rates.

Egyptian economy achieves GDP surplus in 2021/2022

Wed, 04 May 2022 - 04:53 GMT

The Egyptian economy has “proven itself” in the face of challenges in such flexibility that it achieved a 1.46 percent primary surplus of GDP during the fiscal year 2021/2022, according to the Cabinet.

Egypt's CAPMAS releases figures on houses built in 1 year

Tue, 03 May 2022 - 10:54 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released Tuesday figures on residential units built in FY2020/2021.

IMF: GDP in Middle East expected to grow by 4.6% in 2022

Tue, 19 Apr 2022 - 05:13 GMT

Countries in the Middle East, North Africa, Caucasus, and Central Asia regions are highly exposed to rising global food prices, particularly the price of wheat, which is expected to remain high throughout the year and into 2023.

Egypt lowers its economic growth forecast to 5.5% for 22/23 fiscal year

Tue, 22 Mar 2022 - 02:06 GMT

El-Said added that public investments constitute 78 percent of the total investments in the 2022-2023 plan.

Egypt's GDP led to a 11.5% increase by end of 2021/2022

Mon, 21 Feb 2022 - 01:07 GMT

The majority of the increase came from the following sectors: construction (37 percent), followed by manufacturing (18 percent), education and health (9.4 percent), other services (8.8 percent).

Egypt targets increasing AI contribution to GDP to 7.7% by 2030 - IDSC

Sun, 20 Feb 2022 - 01:01 GMT

This requires attaining tangible progress in digital transformation and collecting useful data, on which the AI applications depend, added the IDSC in its newly-issued series of "Visions on Road to Development".

Egypt targets raising agricultural GDP by 11% in FY2021/22

Sun, 06 Feb 2022 - 11:24 GMT

Currently, the share of agriculture in the GDP is 15 percent, and 18 percent in exports.

Egypt aims to increase tax revenues by 2% of GDP in 4 years

Wed, 24 Nov 2021 - 06:19 GMT

Maait clarified that this is the result of the careful implementation of harmonious and balanced financial and economic policies.

Egypt records GDP of 3.3% during 2020/21: Planning Minister

Thu, 02 Sep 2021 - 03:25 GMT

She added that the growth rate is expected to rise to 5.4 percent during the current fiscal year, supported by the expected significant growth in the performance indicators for the first and second quarters.

Egypt aims to raise ICT's contribution to GDP to 5% by 2025

Sun, 29 Aug 2021 - 03:19 GMT

El-Said added that the sector and outsourcing services to reach $6 billion, compared to the $3.5 billion targets for the 21/2022 plan year.

Egypt's Cabinet publishes figures on economic performance between 2009, 2021

Sat, 10 Jul 2021 - 02:42 GMT

The Media Center of the Cabinet released Saturday the figures.

Egypt targets to increase agricultural production by 30% in 2024

Tue, 22 Jun 2021 - 01:47 GMT

El-said clarified that this will create job opportunities in the sector, and increase the income of small farmers, whilst increasing exports.