economy

Egypt's Finance minister: State keen to support industrial sector

Fri, 23 Oct 2020 - 01:21 GMT

This should be achieved in a way that helps maximize the production capacities, expand the export base, and improve the competitiveness of the Egyptian products at the international market, he added.

Egypt's agricultural exports exceed 4.4 mln tons since January - ministry

Fri, 23 Oct 2020 - 01:13 GMT

This came in a report presented by head of the Central Administration of Plant Quarantine (CAPQ) ِAhmed el Attar to Minister of Agriculture and Land Reclamation El Sayed El Quseir.

Kazakh amb. in Cairo, EBA confer on boosting bilateral cooperation

Thu, 22 Oct 2020 - 11:26 GMT

The meeting tackled means to implement the agreement reached between both countries, according to a statement of the Kazakh embassy in Cairo on Thursday.

Sisi, South Korea president talk strengthening bilateral relations

Tue, 20 Oct 2020 - 04:13 GMT

President Abdel Fattah El Sisi received on Tuesday a telephone call from President of South Korea Moon Jae-In, during which they discussed fostering bilateral relations and partnership between both countries.

Ma'eet reviews performance of Egyptian economy with int'l bankers, investors

Sun, 18 Oct 2020 - 11:06 GMT

He also attended a gathering organized by Bank of America with a group of foreign investors, as part of autumn meetings of the International Monetary Fund (IMF).

Egypt’s Minister of Planning, French amb discuss expectations and opportunities for the Egyptian economy after Covid-19

Fri, 16 Oct 2020 - 03:15 GMT

Planning Minister: Egypt is proud of its cooperation with the French side in various fields and at all levels.

Siemens CEO, German ambassador inaugurates 2 projects in Egypt

Fri, 16 Oct 2020 - 10:28 GMT

Kaeser and Nunn opened a Siemens Smart Clinic in Shubra el Kheima.

Egypt is only emerging country to achieve positive growth, according to IMF: Maait

Wed, 14 Oct 2020 - 12:02 GMT

Ma’it clarified that this came as a result of the fruitful economic reforms that the government undertook with strong political will, and the support of the Egyptian people.

IMF raises expectation for Egyptian economy growth to 3.5% in 2020

Tue, 13 Oct 2020 - 03:38 GMT

At the same time, it expected that the Egyptian economy would achieve growth rates of 5.6 percent over the medium term by 2025.

Egypt, Jordan, Iraq discuss joint agreements to boost partnership

Tue, 13 Oct 2020 - 11:47 GMT

Foreign ministers of Egypt, Iraq and Jordan has held a meeting Tuesday to discuss joint agreements between the three countries.

Egypt supports EBRD's new strategy for sustainable development- says min.

Thu, 08 Oct 2020 - 02:01 GMT

The EBRD's new strategy is based on reducing carbon emissions to strengthen sustainable development, providing equal opportunities and empowering women, as well as applying digital transformation, the statement added.

Damietta Port receives 11 container, cargo ships within 24 hours

Thu, 08 Oct 2020 - 10:44 GMT

A total of 759 trucks carrying 39,055 tons left the port, the statement said.

Planning min.: Annual inflation rate hits lowest level in 14 years

Thu, 08 Oct 2020 - 10:14 GMT

The unemployment rate plunged by 7.7 percent from January to March 2020, she said, noting that the flow of foreign direct investments rose by 19 percent from July to December 2019.

Gov’t invests LE 180 billion in Sinai in 6 years – report

Wed, 07 Oct 2020 - 02:46 GMT

The Egyptian government has paid great attention to developing Sinai over the past years, which was reflected in billions of pounds tapped in investments to boost the peninsula.

Planning min.: Egypt's successful economic reform program led to current hikes in all economic indicators

Wed, 07 Oct 2020 - 10:36 GMT

The remarkable improvement in the production activity is a result of Egypt's non-stop and genuine efforts that have been praised by many international organizations and institutions.

Egypt, Sri Lanka probe boosting cooperation ties

Tue, 06 Oct 2020 - 10:42 GMT

Gunawardena's remarks came during his meeting with Egypt's Ambassador in Colombo Hussein el Saharty who expressed Egypt's interest in enhancing the trade ties with Sri Lanka.

4 factors behind increase in Egypt's PMI during September

Mon, 05 Oct 2020 - 12:07 GMT

Egypt's main PMI, affiliated to IHS Markit, rose during September 2020, to the highest rate since July 2019, recording 50.4 points in September 2020, compared to 49.4 points in August.

Egypt highlights external debt decline, institutions positive expectation for state

Sun, 04 Oct 2020 - 03:25 GMT

Egypt succeeded in reversing the external debt curve, to record a decline for the first time in more than 4 years.

Egypt's diversified economic resources contribute to face COVID-19 crisis

Sun, 04 Oct 2020 - 11:08 GMT

In a statement on Sunday, Saeed attributed the improvement of the economic performance indices before the pandemic to the influential implementation of the economic and social reform program.

Planning Minister, GAFI’s Executive Director discuss details of the structural reform program

Sat, 03 Oct 2020 - 04:33 GMT

El-Said stressed the importance of the private sector's participation in the design, implementation, and follow-up of the structural reforms program as a key partner for development.

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