economy
The minister reiterated that such great roles reflect expatriates’ confidence in the national economy.
El-Said noted during thh cabinet meeting that the growth rate during the third quarter of the current fiscal year (January - March 2022) reached 5.4 percent.
The Google Impact Report in Egypt explores the impact of Google products in 2021 across three areas: People, Businesses and Economy.
Egypt is experiencing exceptional circumstances, like world countries, as the developments of the Russian-Ukrainian war had a high impact on inflation and the rise in prices of goods and services.
Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.
“Egypt is ready to activate a regular maritime line between the two countries, but the private sector must participate on both sides,” Madbouli said.
The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.
A governorate competitiveness index has been launched to monitor the efficacy of economic policies in every governorate, contributing to comprehensive development and integration at the national level.
Speaking about the program, Minister Maait said "the program made us more resilient in the face of internal and external shocks," adding that the situation would have been more complicated and difficult in light of the pandemic and the Ukrainian crisis as well.
In its latest World Economic Outlook issued Tuesday, the IMF expected that Egypt's gross domestic product (GDP) in 2023 would grow by 5 percent.
Mounting price pressures, slipping output expansion and sagging confidence will all pose a drag for most countries, according to the latest Brookings-FT tracking index.
The report said the Egyptian state took important measures to increase wages and pensions, adding that some important sectors such as gas and the Suez Canal contributed to the increase of growth.
Gamea elaborated that the most important items of exports include citrus, phosphates, chemical and mineral fertilizers and fruits.
She expected hydrocarbon energy purchases from Egypt to rise in the future.
All measures come in line with the State's keenness on promoting investments and removing all obstacles impeding the investment process, as well as realizing Egypt Vision 2030, with a view to achieving overall sustainable development, Maait said.
During his visit on Monday, De Maire will meet with President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouli, besides Egyptian economic ministers.
The penalties were stipulated in Article 233 of the new Central Bank and Banking System Law. Also, the sums and items subject to illegal trading shall be confiscated.
This morning CBE raised its key interest rates by 100 basis points.
They met in Egypt Tuesday.
The increase would be applied next April rather than July, at an additional cost of LE 8 billion.
