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Egypt is committed to fiscal consolidation and economic reform plan: Fitch
Egypt’s new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal consolidation and economic reform, backed by the country’s IMF loan programme, Fitch Ratings said in a recent note. “Narrowing the fiscal deficit supports Egypt’s sovereign credit profile, but significantly reducing the public debt ratio is a multi-year task,” the note …
Economy to recover in 2018 with expected inflation hikes: Arqaam Capital
The Egyptian pound is expected to appreciate by 10% or more in FY 2017/2018 as tourism improves
Egypt’s economy shows signs of vigour: BNP Paribas
Inflation isn’t the only reason behind the soaring inflation
Egyptian economy passed through most difficult phase, reform dangers started fading: Unilever Mashreq managing director
The decisions and laws made by the government over the past months to fix economic climate have contributed to solving 80% of economy’s problems, the remaining percent depends on the government’s future plans
Ambitious plan to restructure public sector companies during 2016-2018: Minister of Planning
EGP 10 billion allocated to infrastructure and public utilities across Egypt during 2017/2018
Egyptian economy on right track, positive signs of economic recovery: Minister of Planning
Egypt aims at doubling growth rate by 2021, increase the GDP per Capita to $4,000
We cannot continue with the current deficit and debt rates, and we are working to reduce them, states the Finance Minister
We aim to reduce the deficit to 9%, unemployment to 11.5%, increase growth to 4.6%, says El-Garhy
South African economy shrinks, slips into recession
Borrowing rate will not slow down as debt is set to increase
The finance ministry sold new bonds on international markets worth $3bn
Japan in longest economic expansion in a decade
Egypt’s business climate improving, challenges remain: Capital Economics
New Investment Law is a positive step towards improving the dire business environment, according to the research
Eurozone economy grows at unspectacular rate
Greek economy slides back into recession
Egypt’s economy seems to be gradually picking itself up: Focus Economics
Purchasing Managers’ Index rose in April to its highest levels in 9 months
Government targets 4.6% economic growth in coming fiscal year
Total investments worth EGP 646bn, and the private sector share is 55%
The heritage of economic citizenship: a‘refuge’ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …
Economic challenges a result of previous governments fears: Al-Sisi
The country’s sustainable development projects will be finished by 30 June 2018, the president claimed
Flotation will allow Egypt to be competitive tourist destination once again: Samih Sawiris
Tourism promotion campaigns will make a difference if done with the participation of sector’s experts
Financial conditions deficient as economic activity slows down in Q3 of FY 2016/2017: Pharos
Pharos Holding’s FCI has revealed that the GDP decline was expected, given the decline in sales volume in several economic sectors
GDP growth to slow, reach 3.9% in FY 2017/18: World Bank
Growth expected to accelerate to 4.6% in FY 2017/2018 and 5.3% in FY 2018/2019
Al-Sisi announces 2017 as “Year of Egyptian women”
The president emphasised women’s central role for the future of Egypt
Greeks still hostile to reforms despite economic depression
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Economic agenda dominates Al-Sisi’s first day in Washington
Egyptian ministers praise the meetings as successful
Indian-Egyptian economic relations seminar highlights cooperation between both countries
The “India-Egypt Economic Engagement” seminar, in the presence of the Indian ambassador, discussed the current and potential investments and trade relations between both countries
The best thing to do is to save your money at a fixed rate by investing in real estate: El-Shinnawy
We are committed to deliver high-end projects and a quality of that serves all family members: El-Shinnawy
The Egyptian real estate market: a future between skyrocketing prices and fear of recession
Daily News Egypt has obtained data from Aqarmap, the real estate search engine, regarding land prices in Greater Cairo
Egypt’s IMF programme to support fiscal, external positions: Moody’s
While Egypt’s IMF programme will support gradual improvements to the country’s fiscal and external position, its social and economic costs risk slowing the pace of fiscal reform, Moody’s Investors Service said in a report on Wednesday. “The implementation of the targets of the IMF programme—including reductions in fiscal deficits and government debt levels, as well …
Robust economy likely to nudge US Fed to hike rates
FX is not only indicator for assessing economy: Arqam Capital
Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capital’s report “The Devil in the FX” published in February, the …