Latest in Economy Highlight
Latest in Economy
Egypt is first in emerging countries for debt reduction, second in budget surplus
Government’s promotion initiatives and improved security support tourism sector, says report
Appreciation of currency, lower interest rates, price cuts across consumer goods, and stability of fuel costs
Measures to improve private investment should be prioritised in Egypt in 2020, says EBRD
MedaWeek Barcelona 2019 will host a new edition of the New Africa Business Development Forum
Since then, the form of international economy has been effective in development plans. In 2016, the list of the ten largest companies in the world included nine companies working in the field of technology, although the energy companies were at the top of the list in 2006
Continued progress has been made in economic restructuring, aggregate demand and supply are basically in equilibrium, and growth has become more resilient, China’s central bank governor said.
Three countries, including Egypt, to drive MECA’s growth in 2020, says WEO report
Arab economies likely to grow by 2.5% in 2019, 3% in 2020, says AEO report
First portion of EGP 1bn financial package for Sovereignty Fund already transferred
Egypt embarked on a bold economic reform programme that included the pound flotation, a reduction in fuel and electricity subsidies, imposing taxes including the value-added tax (VAT), all with the aim of trimming the budget deficit.
Deepening and broadening of Egypt’s effective reforms is critical to underpin the positive outlook for growth and unemployment of the country, David Lipton, the International Monetary Fund (IMF) Acting Managing Director
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
In Egypt, economic challenges since 2016 forced the people to adapt to price hikes. From an economic standpoint, the rising prices drive customer demand lower. To cope, Egyptians are struggling to cut their expenses and find alternatives to pricey commodities and services.
Bank foresees inflation averaging 11.1% in FY 2019/20, further interest rate cuts by CBE
Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …
Global growth softened to 3.6% in 2018, predicted to decline further to 3.3% in 2019, says Gopinath
Firm forecasts EGP 17.6 per USD in FY 2018/19, EGP 17.1 per USD in FY 2019/20
Minimum wage adjustments in private sector to follow, increase likely to support private consumption, erode competitiveness
New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY
Judges will now be able to work efficiently from their home offices
IMF’s credit reduced government debt from 103% of GDP in FY 2016/17 to 93% in FY 2017/18
Attracting more FDIs, boosting exports, main recommendations, say experts
Prime Minister, Minister of Investment sign agreement with global asset management company to attract large investments
Seven of world’s biggest economies by 2030 will likely be current emerging markets
WB expects global economic growth to slow to 2.9% in 2019
Weak FDI, reliance on hot money, inflation still challenging
It is estimated that by 2030, one in five people will be African. Given the continent’s population size, Africa’s labour force has the potential to prompt the global growth for decades. However, in order to do that, Africans must implement the necessary reforms today. As its population matures, governments, institutions, and organisations need to help …
Measures include determining fuel pricing mechanism, say sources
Fund expects Egypt`s inflation to drop to 13.5% next year, down from 18% recorded this year