NBK Sees COVID-19 Scars on Egyptian Economy Worn Off
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 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.
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 ...
FDI Could Grow by 20-25% Next Year if it Reaches its FY 17/18 USD 10 bn Target: El Garhy
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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