economy
“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.
The energy sector is one of the most prominent areas of cooperation between both states
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 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.
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.
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.
Highlighting the resilience of the Egyptian economy, Fattouh added that Egypt came in the third position after Saudi Arabia and the UAE.
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.
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.
The Toyota company delegation hailed the level of cooperation with Egypt.
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.
These governorates are characterized by a number of cultural misconceptions that encouraged having many children.
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.
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.
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.
“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.
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.
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.
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.
More than 446 billion pounds has been allocated to economic, social and cultural rights
