Egypt’s GDP Up to 5.3% in Q1 2018: Minister

Egypt’s Planning Minister Hala El-Saeed said that the country’s GDP jumped to 5.3% in Q1 2018, which began in July, compared to 5.2% in the prior-year period, amid the government's invested efforts to achieve comp ...

Tourism to Comprise 15% of Egypt’s GDP in 2018: Minister

Minister of Tourism Rania Al-Mashat foresees that possibly 10 mn tourists will be visiting Egypt in 2018 in a feat that will see the industry contribute almost 15% to the country's GDP this year

IMF Agrees on USD 2 bn Disbursement to Egypt

The International Monetary Fund (IMF) said on October 31 it had reached a staff-level agreement with Egypt to disburse another USD 2 bn in funds, bringing the total disbursements under the program to nearly USD 10 ...

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 ...

CBE Keeps Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to keep the overnight deposit interest rates unchanged at 16.75% and to also maintain the overnight lending rate at 17.75% in a meeting on Thursday, May 17

Moody’s Expects Growth in Egypt to Accelerate in 2019

Moody's Investors Service expects Egypt’s gross domestic product (GDP) growth to accelerate from 4.2% in 2017 to around 5% by 2019 and 5.5% by 2021, up from 4.2% in 2017

Egypt Real GDP Growth to Recover – CBE

Egypt’s real gross domestic product (GDP) growth is expected to continue recovering

First Phase of New Administrative Capital Inaugurated

The long-awaited New Administrative Capital has come to light with President Abdel Fattah El Sisi inaugurating its first phase late October

Egypt’s Economy to Grow 4.5% in FY2017-18 – IMF

Egypt’s economy is expected to grow 4.5% in FY2017-18 from 4.1% recorded in the previous year

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