Egypt’s GDP Reaches Highest Level Since 11 Yrs
Egypt’s gross domestic product (GDP) leaped by 5.6% in Q1 2019, registering the highest rate in 11 years, despite the slowdown in global economic growth, which reached 3.8% last year.
Egypt Advances 6 Spots in WB’s Doing Business 2020
Egypt's ranking advanced six spots in the World Bank (WB) Group’s Doing Business 2020 report, thanks to the notable reforms being implemented for economic growth.
CBE Makes 2nd Consecutive Cut to Interest Rates
The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...
Egypt Ranks No.1 Investment Destination in Africa: RMB
Egypt has topped the list of most attractive African countries to invest in for the third consecutive year, based on South Africa’s Rand Merchant Bank’s 2020 investment report, due to be published next January
UK to Promote Investment in Egypt with GBP 13 mn
British Secretary of State for the Middle East and North Africa Andrew Morrison said the UK will provide Egypt with GBP 13 mn (EGP 264.04 mn) through the World Bank (WB) to support local investments.
MasterCard Eyes Making NAC 1st Egyptian Cashless City
MasterCard is looking to collaborate with the Ministry of Communications and Information Technology to develop advanced digital payments infrastructure across various governorates in Egypt, aiming to make the New ...
Moody’s Maintains Positive Outlook on Egypt’s Banks
International credit rating agency Moody’s Investors Service has maintained its positive outlook for Egypt’s banking sector, on the back of the country's improving operating conditions.
Egypt Achieves 5.4% Economic Growth in H1 FY 2018/19
Egypt has managed to achieve a real economic growth rate of 5.4% during the first half of the current FY, while targeting reaching 5.6% during the second half of the same year and 5.8% by the end of it.
Egypt Among World’s Top 10 Economies by 2030: Standard Chartered
UK-based bank Standard Chartered has expected Egypt to rank the 7th among the world's top ten economies by 2030 at a total gross domestic product (GDP) value of USD 8.2 trln.
Akhbar Al Youm Holds Fifth Economic Conference
Akhbar Al Youm held its fifth economic conference on December 22-23, under the auspices of President Abdel-Fattah El-Sisi.
