Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17Â
Large projects and the improved climate for investment will increase economic growth, exports, and foreign trade growth, says Minister of Planning
Latest in Tag: Ashraf Al-Araby Highlight
Latest in Tag: Ashraf Al-Araby
We aim to reduce government investment as a share of GDP: El-Araby
Minister of Planning Ashraf El-Araby said that the government aims to reduce government investment as a share of the gross domestic product (GDP) within its plan to control government spending and tackle the budget deficit. The governmentâs investment allocations amounts to EGP 150bn (equivalent to 4.4% of GDP) in the budget of the current fiscal year (FY), compared …
How should the government pace its reforms after the IMF loan approval?
On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …
Government may revise its economic reform programme with the IMF loan: El-Araby
The government may modify its programme that was previously submitted to the parliament in order to match the International Monetary Fundâs (IMF) negotiation requirements, according to Ashraf El-Araby, member of the Economic Committee in the House of Representatives and former adviser to the IMF. The parliament will then vote again to approve it. El-Araby added …
Government prepares development programme to be presented in next parliament : Planning MinisterÂ
The government seeks ranking Egypt in the place 30th in the next 15 years in Global Competitiveness, Al-Araby said
4.3% expected increase in annual growth in FY 2014/2015: World Bank
The World Bank expects increase of economic growth in Egypt to reach 4.5% by 2017
Legislation changes to be made by ERRADA Board: Abdel Nour
ERRADA initiative was reactivated earlier this year
Current government will not raise petroleum product prices: Planning minister
National investment veered off its developmental course and we seek to resolve the financial entanglements with government agencies, says El-ArabyBy
Government SMEs company Board of Trustees to be announced before monthâs end: Al-Araby
The board of trustees will be responsible to form mother company, its subsidiaries and raise funds, minister noted
Government targets 67% GDP share from private sector
In past three years, private sectorâs contribution to GDP was 60%, down from 65% registered in 2011
Italy pledges âŹ1m to boost agriculture in Matruh
Minister of Planning cooperating with United Nations to reduce poverty, and improve health and education
Minister of Planning in Athens to discuss EIBâs Mediterranean investment strategy
To date, Egypt has received âŹ6bn for the European Investment Bank
Egypt shoots for 3.4% GDP growth during next fiscal year
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014
Cabinet approves EGP 764.2m development plan in Berenice area
Development plan includes road infrastructure, educational, industrial and economic projects
Prices for import cigarettes rise
Head of Tobacco Division at FEI denies official move to raise prices
IMF, Egypt: Loan deal âin weeksâ
Lagarde: âIMF cannot be only the oneâ to support Egypt
Cairo University conference discusses economic challenges
âNo reasons to be pessimisticâ about the economy, says Ashraf Al-Araby
Saudi Fund for Development allocates EGP 1.4 billion to finance 3 projects in Egypt
The Saudi Fund for Development (SFD) signed three concessional loan agreements with the Egyptian Government. The agreements were signed on Monday 3rd 2012, in Cairo, by the Egyptian Minster of Planning and International Cooperation, Ashraf Al-Araby, and SFD Vice President and Managing Director, Yousef Al-Bassam. As per the first agreement, SFD grants Egypt  EGP 547 million, in a  concessional development …