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Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
Government targets 4.5%-5% economic growth in proposed FY 2015/2016 budget
Economy grows by 4.3% in the quarter ending in December
By Dr. Bjørn Lomborg Climate change has certainly received immense exposure among the most eminent issues of the 21st century so far. The United Nations (UN) Secretary-General, Ban Ki-moon argues that it is “an existential challenge for the whole human race”. On the other hand, when over seven million people were asked by the UN what …
Whereas in the Q3 of FY 2013/14, real GDP growth registered 2.5%, it jumped to 6.8% in Q1 of FY 2014/15
World Bank report expects real GDP growth in Egypt to increase from 2.9% in 2014 to 3.6% in 2015, further 3.9% growth anticipated in 2016 and 4.0% in 2017
By Bjørn Lomborg There is a way to make the poor of this world $500bn better off, but this solution is rarely discussed. This matters, because the international community is gearing up to produce the next set of development goals for 2015-2030, to follow on from the Millennium Development Goals. $2.5tr in development aid, …
Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments
Figure 6.8% higher than same quarter last year
The minister of investment discussed the Investment Law saying that its core change is what is called the “one-stop shop”.
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%
By Omar Khedr For its 2014 forecasts, the World Bank predicts that Egypt’s economy will grow by 2.4% followed by a further 2.9% expansion in 2015. Endowed with a young population, Egypt has a strong potential to kickstart its economic development programme. In fact, Goldman Sachs – one of the largest investment banks in the …
Personal rights organisation expresses concerns about the status of the poor in light of approved FY 2014/2015 state budget
Ministry of Finance had raised GDP target by EGP 400bn to EGP 2.4tn to keep deficit ratio at 10%
Success depends on real growth in investments, a clear vision regarding taxation and cutting government spending
Central bank reports estimates net external debt rose by 5.8%, as a result of increased borrowing and higher exchange rates against the dollar
Public expenditure increases, revenues target decreases and GDP growth rate expected to reach 3.2%
Discussing the changes in fiscal policies, Al-Sisi’s economic platform stated that budget deficit and public debt should return to “safe levels”.
In past three years, private sector’s contribution to GDP was 60%, down from 65% registered in 2011
Ministry announces three initiatives to improve Egypt’s digital economy
When communications and IT are updated, GDP growth rate can reach 7% by 2020, says Helmy
Reuters – Morocco’s economic growth slowed sharply to 2.5% in the first quarter from a year earlier, and is likely to ease slightly again this quarter as agricultural output shrinks, the country’s planning agency said on Tuesday. Agriculture, which accounts for about 15% of Morocco’s gross domestic product, fell 3.4% in the first three months …
China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
So, the constitutional referendum, as expected, has passed with flying colours. Official results cite a turn out that’s over 20 million people who voted Yes for the constitution by 98%. It is again worth noting that the supreme majority of those who voted for the constitution didn’t bother reading it or care what was in …
World Bank Economic Prospects Report expects economic growth in Egypt in 2014 to reach the highest rate since 2010 but will remain far below its potential
The economic and business research company stated that Egypt’s GDP will register $1.069tn in 2028
While private consumption is the overwhelming driver of iGDP in other countries, private investment and public expenditure play bigger role in Egypt: Mckinsey & Company