economy

Egypt’s amb. to Canada lauds communities' support for national economy

Sat, 28 May 2022 - 03:57 GMT

The minister reiterated that such great roles reflect expatriates’ confidence in the national economy.

Egypt's economy records growth rate of 7.8% in 9 months with expectations to hit 6.2% during 21/22

Thu, 26 May 2022 - 04:06 GMT

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.

Google drives estimated LE 11.2B to Egyptian economy in 2021: report

Tue, 24 May 2022 - 03:43 GMT

The Google Impact Report in Egypt explores the impact of Google products in 2021 across three areas: People, Businesses and Economy.

Egypt enjoys diversified economy, re-directs priorities amid Ukraine-Russia crisis: Minister

Mon, 16 May 2022 - 01:56 GMT

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.

In points.. Egypt's PM most prominent statements at press conference addressing global economic crisis

Sun, 15 May 2022 - 04:37 GMT

Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.

Egypt, Tunisia announce 2022-2023 a year of activating economic cooperation

Fri, 13 May 2022 - 06:07 GMT

“Egypt is ready to activate a regular maritime line between the two countries, but the private sector must participate on both sides,” Madbouli said.

Egypt's imports from COMESA countries record decline by end of 2021: CAPMAS

Thu, 12 May 2022 - 08:30 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.

Egyptian governorate competitiveness index launched, 27 customized plans for each one

Wed, 11 May 2022 - 12:48 GMT

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.

IMF appreciates Egypt's economic program and achieved great success: Kristalina Georgieva,

Sat, 23 Apr 2022 - 02:02 GMT

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.

IMF raises its forecast for growth of Egyptian economy to 5.9% in 2022

Tue, 19 Apr 2022 - 03:30 GMT

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.

War, stagflation threaten global economy as pandemic recovery slows

Tue, 19 Apr 2022 - 03:23 GMT

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.

Cabinet: Int'l institutions send reassuring signals about Egypt's economy

Tue, 19 Apr 2022 - 03:14 GMT

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.

Egypt's exports to Malaysia hit $126.7M, joint projects in palm oil production to be established

Mon, 18 Apr 2022 - 12:44 GMT

Gamea elaborated that the most important items of exports include citrus, phosphates, chemical and mineral fertilizers and fruits.

EBRD’s Chief Economist: Egypt enjoys good location for renewable energy production

Wed, 13 Apr 2022 - 02:06 GMT

She expected hydrocarbon energy purchases from Egypt to rise in the future.

Finance minister: Egyptian economy capable of dealing with challenges

Sun, 10 Apr 2022 - 02:34 GMT

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.

French Minister of Economy in Cairo to discuss repercussions of Ukraine-Russia war

Sun, 27 Mar 2022 - 09:19 GMT

During his visit on Monday, De Maire will meet with President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouli, besides Egyptian economic ministers.

Egypt: Penalties of Imprisonment, fines for illegal foreign exchange trading

Fri, 25 Mar 2022 - 12:42 GMT

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.

Moody's: CBE decisions to protect Egypt's foreign reserves

Tue, 22 Mar 2022 - 04:20 GMT

This morning CBE raised its key interest rates by 100 basis points.

President Sisi approves 13% increase in pensions: Egypt’s PM

Mon, 21 Mar 2022 - 09:15 GMT

The increase would be applied next April rather than July, at an additional cost of LE 8 billion.

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