economy

Egypt studies issuance of “green samurai” bonds during coming period

Wed, 21 Sep 2022 - 03:13 GMT

“Egypt is looking forward to doubling Japanese investments in Egypt, in order to consolidate the partnership between the two friendly countries, and in line with the bilateral cooperation relations," Maait added.

Egypt-Qatar trade exchange hits $44.8 million in 2021: CAPMAS

Tue, 20 Sep 2022 - 08:28 GMT

The energy sector is one of the most prominent areas of cooperation between both states

How Egypt's law encourages integration of SMEs into formal economy

Sat, 17 Sep 2022 - 06:05 GMT

In this regard, the Medium, Small and Micro Enterprise Development Law No. 152 of 2020, included incentives and controls to legalize the status of informal economy projects.

Egypt's economy volume increased threefold within 6 years: Finance min.

Wed, 14 Sep 2022 - 02:25 GMT

Egypt recorded the highest growth rate since 2008 at 6.6 percent of gross domestic product (GDP) compared to a global average of 3.2 percent for emerging economies, said the minister in a statement Wednesday.

Sisi’s visit to Qatar promises stronger economic, political ties

Wed, 14 Sep 2022 - 01:04 GMT

President Abdel Fattah al-Sisi’s Wednesday visit to Qatar marks a seemingly ambitious future of cooperation between the two states after years of stagnation.

Egypt PM, CBE Governor discuss preparation for economic conference

Mon, 12 Sep 2022 - 08:21 GMT

The Prime Minister talked about the ongoing preparations for the conference and the coordination among the concerned bodies to tackle several topics and files like exports, industry and investment opportunities, Saad said.

Egypt 3rd strongest economy in Arab world: UAB chief

Thu, 01 Sep 2022 - 04:53 GMT

Highlighting the resilience of the Egyptian economy, Fattouh added that Egypt came in the third position after Saudi Arabia and the UAE.

How Egyptian government lowered prices of barley rice to make it affordable

Mon, 29 Aug 2022 - 07:43 GMT

The Egyptian government issued a decree, per which farmers shall deliver barley rice during the current season and until mid-December, to make it available for the public on the ration cards.

Egypt achieves highest growth rate at 6.6% since 2008: Finance Minister

Mon, 29 Aug 2022 - 04:32 GMT

Maait added Monday during a conference to review the financial performance indicators for the current fiscal year budget (2022/2023) that the unemployment rate fell to 7.2 percent in June 2022 by providing 826,000 jobs.

PM welcomes Toyota Tsusho's interest in investing in Egypt

Sat, 27 Aug 2022 - 10:41 GMT

The Toyota company delegation hailed the level of cooperation with Egypt.

Fitch Solutions lauds gov't efforts to advance private sector participation: IDSC

Thu, 11 Aug 2022 - 11:57 GMT

In a statement, the IDSC said that Fitch Solutions expected Egypt's construction sector to grow by 11 percent on an annual basis in 2022.

Child marriage, overpopulation hindered sustainable development in Egypt: Study

Wed, 03 Aug 2022 - 11:39 GMT

These governorates are characterized by a number of cultural misconceptions that encouraged having many children.

Egypt aims to increase petroleum production to 790 bln during new fiscal year 22/23

Sat, 30 Jul 2022 - 11:45 GMT

The government aims to increase production for the petroleum and mineral resources sector at current prices from 671.5 billion pounds in the previous year to about 790.9 billion pounds.

McDonald's Big Mac: social discontent and economic index

Wed, 20 Jul 2022 - 08:09 GMT

The price of a Big Mac meal climbed from LE 59, to LE 88. The price of a medium Big Tasty meal was LE 92, and became LE 123.

Egypt, Serbia agree on deepening cooperation in agriculture, investments in Sisi's first visit to Belgrade

Wed, 20 Jul 2022 - 01:02 GMT

President Abdel Fattah al-Sisi and his Serbian counterpart Aleksandar Vučić agreed on Wednesday to explore wider horizons of cooperation that may help counteract the impact of the Ukrainian crisis on other economies.

Egypt’s PM: Diesel price hike the first in 30 months

Thu, 14 Jul 2022 - 02:13 GMT

“The state will announce new incentives for farmers to encourage them grow wheat,” he said, noting that Egypt will continue its support for the industry of fertilizers.

Fuel prices in Egypt rise by 50 piasters, LE 1

Wed, 13 Jul 2022 - 11:22 GMT

The new prices are LE 8 for 80 octane gasoline up from LE 7.25; LE 9.25 for 92 octane gasoline up from LE 8.75; and LE 10.75 for 95 octane gasoline, up from LE 9.75.

Egypt's Sisi orders government to reduce the debt-to-GDP ratio in coming period

Mon, 04 Jul 2022 - 05:07 GMT

Revenue growth rate reached about 20% and the expenditure growth rate reached about 15%, in addition an initial surplus worth about 97 billion Egyptian pounds was achieved, 1.3% of the GDP, Rady said.

Egyptian economy more resilient to external shocks: Planning minister

Mon, 27 Jun 2022 - 06:42 GMT

Egypt has made rapid efforts over the past few years in responding to global shocks and crises to mitigate, adapt and recover from the short, medium, and long-term effects of the Covid-19 pandemic, added the minister.

Egypt allocates 458 bn to implement national human rights strategy this year

Thu, 23 Jun 2022 - 12:45 GMT

More than 446 billion pounds has been allocated to economic, social and cultural rights

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