Latest in Tag: Ashraf El Araby Highlight
Latest in Tag: Ashraf El Araby

No one can say for certain at what value the Egyptian pound will stabilise against the US dollar: El-Araby
Subsidies will continue to be provided even after the economic reform programme has been completed

Government raises GDP estimate to EGP 3.4tn following flotation
Egypt’s economy will grow by 4% during this FY, says Planning Minister

Planning Minister discusses integrating financial leasing in comprehensive development
The upcoming conference will discuss the role of the financial leasing in developing the assets of business sector companies and national projects

Egypt Vision 2030 begins to revive tourism industry, renovate infrastructure: planning minister
The projected goals go hand in hand with the draft budget for fiscal year (FY) 2016/17, which was announced Sunday

Egypt takes actions to trim budget deficit
Government is seeking loans, private sector investments, and to increase tax base to address budget gap

EGP 10bn sovereign fund ready for investment in H2 of FY 2015/2016: Planning minister
Egypt will sign agreement with Saudi Fund for Development to provide fuel and natural gas credit facilities, says El-Araby

Egypt’s economy grows 4.7% in first 9 months of FY 2014/2015
Tourism sector grows 34.6% in first 9 months of last fiscal year

Mechanisation of public wages to stimulate economy: Visa Egypt director
Around 6.5 public employees will be offered this service

Saudi Arabia, UAE, Kuwait strong backers of Egypt’s economy
Overview of Gulf aid to Egypt in the new era
GDP grows 5.6% in 1H FY 2014/2015
Economy grows by 4.3% in the quarter ending in December
Government limits collection of value of commodities, services to EGP: Cabinet
Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

Antiquities ministry requests EGP 488m to continue projects: Cabinet spokesman
Better exploitation of antiquities will achieve more income than Suez Canal, says Mehleb
Planning, investment ministers agree on financing Misr Spinning and Weaving
Salman, Araby discuss iron and steel development via imported raw materials and cooperation to increase production

Egypt rises 20 points on transparency, anti-corruption ranking
Egypt’s ranking improved in the Corruption Perceptions Index to 94th place in 2014, up from 114th last year

First economic stimulus package projects to end in Q1 2015: Planning minister
Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months

Growth rate rises with 6.8% in first quarter alongside IMF visit
El-Araby expects positive IMF report mid-January following recent package of economic reforms

Comprehensive review of economic activity legislation to be presented to Legislative Reform Committee
Trade, mineral wealth, and investment guarantees, incentives, and sanctions laws are under review, says investment minister
Egypt’s economy grows by 1.1% in first quarter
Figure 6.8% higher than same quarter last year

3.8% growth rate expected by end of FY 2014/2015: Planning minister
First quarter growth of current fiscal year reached 1.1%

EGP 4bn real estate investments in Sheikh Zayed: City chairman
Sheikh Zayed hopes that business, entertainment, and sports services will reach the city soon, as real estate investments currently amount to EGP 4bn
Housing ministry’s services automated after 1 year: Minister
Ministries of Housing and Planning sign two-year agreement to develop citizen and investor services
Businessmen voice optimism for uniform investment law
Investment minister faces opposition to ‘one-stop shop’ system if put into effect

Minister of Planning looks ahead to Egypt’s Economic Summit in February 2015
The government will announce a clear strategy for 2030 in Egypt’s upcoming Economic Summit next February

Government to establish company for SMEs, place 80% of shares in stock market: Planning minister
The Egyptian government plans to put up 80% of the shares of a company for small and medium enterprises in the stock market for IPOs in attempt to boost economy
Government adopts new electronic system to track progress on development projects
The new system allows the government to electronically monitor the implementation of various government projects

Administrative reform, social safety net to help economy reach 3.2% growth: Planning minister
El-Araby says the government will announce an administrative reform road map to improve the efficiency of government’s institutions, services and employees this week

Egypt, UAE choose army-linked company to build wheat silos
The project targets addressing problems in the strategic wheat sector.

First stimulus package’s projects to be completed by end of 2014: El-Araby
Around 60% of the stimulus package projects are done, says planning minister

First stimulus package’s projects to be completed by end of 2014: El-Araby
Around 60% of the stimulus package projects are done, says planning minister

Government development investments total EGP 50.2bn: Minister of Planning
Projects in Ismailia total EGP 600m and span the education, housing and transportation sectors