Egypt Seeks 10% GDP Growth by FY 2029/30: Minister
Planning Minister Hala El-Saeed said on October 31 that the government is seeking to achieve a growth rate of 10% in the country's GDP by the end of FY 2029/30
Moody’s Upgrades Egypt’s Banking System Outlook to Positive
Moody’s Investors Service, a leading credit rating agency, has upgraded its outlook for Egypt’s banking system to positive from stable as economic growth revives, bolstering credit growth, banks’ profitability, an ...
World Bank Expects Egypt’s Economy to Grow 5.6% in FY2018/19
The World Bank (WB) expected Egypt’s growth rate to hit 5.6% during FY 2018/19, backed by private consumption, a recovery in the tourism sector, and the operationalization of recently discovered gas fields
Egypt Targets 25% Growth in Investment Rates by 2022: Minister
Planning Minister Hala El-Saeed said that Egypt targets a 25% growth in investment rates during its medium-term sustainable development plan over the next four years
Egypt Aims to Attract USD 11 bn FDIs in FY 2018/19
Egypt’s Planning Minister Hala El-Saeed said on Wednesday, August 22, that the country aims to raise its foreign direct investments (FDIs) to USD 11 bn in FY 2018/19, up from USD 7.9 bn in the prior-year period
IFC Invests USD 1.2 bn in Egypt in FY 2018
International Finance Corporation (IFC), a member of the World Bank Group, has invested USD 1.2 bn in Egypt during the 2018 fiscal year (FY), which helped in creating jobs, developing local infrastructure, and co ...
Egypt Among 10 Countries Facing Collective USD 1 tn Infrastructure Funding Gap
Egypt is among ten African countries which will fall USD 1 tn short of the infrastructure financing required to meet their development goals by 2040
Egypt Hikes Economic Growth Forecast to 5.3-5.5% in FY2017/18
Egypt has revised up its economic growth forecast for FY2017/18 that began in July to 5.3-5.5% from 4.8% previously
Egypt Sees “Broad-Based” Economic Recovery – IMF Official
The International Monetary Fund (IMF) says Egypt is witnessing an economic growth, backed by a "broad-based" recovery across its industries
Egypt’s Economic Growth Picks Up – Moody’s
Egypt starts to benefit from its strong reform plan, despite constraints like weak government finances, confirms Moody’s Investors Service
