The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.
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.
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 ...
Foreign direct investments could grow by 20-25% in fiscal year 2018-19 only if its hits this year’s USD 10 bn target
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