economy

Petroleum minister probes with Lukoil increasing investments in Egypt

Fri, 03 Dec 2021 - 01:11 GMT

El Molla stressed the importance of the years-long partnership and cooperation with the giant Russian oil company and the need to reinforce such ties ahead.

Egypt, Bulgaria discuss prospects of boosting economic cooperation

Thu, 02 Dec 2021 - 04:34 GMT

Tawfik asserted the Egyptian side’s keenness to strengthen relations with Bulgaria at all levels, the Public Enterprise Sector Ministry said in a statement on Thursday.

Egypt seeks to boost SMEs contribution to national economy -- Official

Tue, 30 Nov 2021 - 01:03 GMT

The committee is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries, Shafie said, noting that in Egypt it only stands at 20 percent.

Egyptian economy records highest quarterly growth rate in 20 years - cabinet

Mon, 29 Nov 2021 - 03:59 GMT

This came in an infographic report published by the Information Center under the title of "The Egyptian economy records the highest quarterly growth rate in 20 years".

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.

Planning minister: Egypt's economy growth rate highest in two decades

Wed, 24 Nov 2021 - 05:47 GMT

The minister expected the annual growth rate to reach between 5.5 percent and 5.7 percent by the end the current fiscal year prompted by the growth rate achieved in the first quarter.

Discussed: Why Egypt’s taking over COMESA chair important

Tue, 23 Nov 2021 - 12:17 GMT

As Egypt takes over Tuesday the chair of the COMESA, economic experts highlighted the importance of this step on multiple dimensions.

Discussed: Why Egypt’s taking over COMESA chair important

Tue, 23 Nov 2021 - 12:17 GMT

As Egypt takes over Tuesday the chair of the COMESA, economic experts highlighted the importance of this step on multiple dimensions.

Assistant FM: Economic integration 'priority' for Egypt to achieve development in Africa

Mon, 22 Nov 2021 - 04:05 GMT

Assistant Foreign Minister Ambassador Soha Gendy said that Egypt's hosting of the COMESA summit at this time is a "clear message that economic integration is one of Egypt's top priorities to achieve the required development in Africa."

CBE: Egyptian expats’ money transfers hit dlrs 2.7 billion in August

Thu, 18 Nov 2021 - 12:11 GMT

Total remittances of Egyptian expatriates in the period from January to August 2021 increased by 10.4% compared with the corresponding period in 2020 to stand at 21.4 billion dollars

Egypt's budget deficit rises to LE 220B in 4 months

Thu, 18 Nov 2021 - 10:35 GMT

According to the monthly finance report, the budget deficit rose to 3.1 percent as a percentage of the gross domestic product (GDP), compared to 2.6 percent of GDP during the same period of 2020/2021.

IDSC: Arab Monetary Fund forecasts Egypt's economy to continue to be strong after COVID-19 crisis

Tue, 16 Nov 2021 - 03:58 GMT

This came in the 15th edition of the Arab Economic Outlook Report, including updated forecasts for growth and inflation in Arab economies for 2021/2022.

Egypt's economic reform program proven its success according to testimony of int'l institutions

Thu, 11 Nov 2021 - 07:29 GMT

The Ministry published infographics which included the results of the indicators of the Egyptian economy exceeded international expectations.

Egypt's economic reforms attract French investments, say economists

Thu, 11 Nov 2021 - 05:30 GMT

The French economists said exchanging visits between senior officials and heads of the major companies in both countries aims to boost the volume of bilateral investments and trade exchange.

Economic recovery index up by 3 points--Report

Thu, 04 Nov 2021 - 03:27 GMT

That reflects a recovery of the performance of the Egyptian economy, said the report, which highlights economic recovery index in Egypt for the fourth quarter of Fiscal Year 2020/2021.

Egypt signs partnership contract with Greece's NanoPhos company

Thu, 04 Nov 2021 - 12:29 GMT

Greek Ambassador to Egypt Nikolaos Garilidis expressed appreciation for deeply-rooted relations binding Egypt with Greece and Egypt's continued support of Greece towards different issues of mutual concern.

Egypt aims to raise private sector's contributions to economy to 50%

Mon, 01 Nov 2021 - 02:23 GMT

Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.

EGX: ‘Boom’ in large-volume securities resulted from decision to end Egypt’s emergency state

Tue, 26 Oct 2021 - 06:34 GMT

An “unusual boom” in trading large-volume securities at the Egyptian stock exchange resulted from the decision to end the state of emergency in the country, EGX head Mohamed Farid said Tuesday.

Standard & Poor’s affirms Egypt’s credit rating at 'B' for 4th time

Tue, 26 Oct 2021 - 01:57 GMT

Maait noted that this affirmation is an additional testimony of confidence in the strength and diversity of the Egyptian economy.

Egypt targets growth rate of 5.4%, deficit reduction to 6.7% in 21/22

Mon, 18 Oct 2021 - 03:03 GMT

The minister explained that Egypt seeks to sustain the downward path of debt rates to GDP by adopting the implementation of a public debt management strategy based on diversifying sources of financing and issuing “dollar” bonds, “Eurobond” bonds, “green” bonds, and “sustainable development” bonds and sukuk.

More