Latest in Tag: Central Agency for Public Mobilization and Statistics Highlight
Latest in Tag: Central Agency for Public Mobilization and Statistics
24.4% increase in banks’ net value added in FY 2013/2014: CAPMAS
81% decline in banks’ value of savings during FY 2013/2014
Boycott campaign seeks to lower skyrocketing meat prices
Consumption of red meat is expected to increase to 1,340 tonnes in 2018
Trade deficit sees 4.4% hike in Q3 of FY 2014/2015
In a country that is more dependent on imports, it is generally common to find a deficit in trade balance
April trade deficit up 52.7% YOY
Egypt recorded trade balance deficit of EGP 24.60bn in April 2015, says CAPMAS
Upward trend for Egypt’s economic indicators: Investment Minister
Egyptian government is aiming to achieve better results in upcoming three years, says Salman
Annual inflation recorded at 11.5% in June
Inflation reached 11% in April and 13.5% in May
Rate of Egyptians leaving country increases 17% in 2014
“I left Egypt because I realised that I couldn’t find a decent job in my field, without having connections,” says one immigrant
Upper Egypt Economic Summit under discussion
Number of investment opportunities in Upper Egypt will be presented at the summit, which will tackle one of the poorest zones in the country
83.7% annual increase in railway revenues during December: CAPMAS
Railway passenger numbers increased by 69.8% to 21.4 million compared to 12.6 million in December 2013
January trade deficit down by 20.7% year-on-year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
Tourist turnout at restaurants is 15-45%
Decline largely due to tourists’ appetite for shisha, not food, says Chamber of Tourist Restaurants member
Cigarette tax provides EGP 5.5bn annually to healthcare: Cabinet
Imposing new cigarette tax supports general state budget providing healthcare expenditure requirements, says Hossam El-Kawish
786,000 tourists visited Egypt in December 2014
Departing tourists increased, totalling over 702,000 in December 2014, a 14.8% increase, says CAPMAS
Private sector gives priority to returning Libya workers
Manpower minister to count numbers returning, calls workers to fill a form with their details and losses to require compensation
Unemployment index decreases in Q4 2014 to 100,000 individuals: CAPMAS
Unemployment indicators declined during Q4 of last year to 3.6m unemployed, a 2.7% decrease over the same period in 2013
Government negotiates $200m from Khalifa Fund, to invest in Employment Holding Company: Planning minister
Minister of Planning Ashraf El-Araby expects approximately $2.5bn in FDI in Q2 FY 2014/2015
50% of Egyptians ineligible to benefit from social housing programme: EIPR
Government minimum income regulations exclude poorest categories of Egyptians, but include the middle, upper middle and rich classes
Ministry of Housing approves debt repayment plan for struggling tourism companies
Ministry of Housing agrees to grant tourism companies the option to pay debts owed to water companies in installments
Core inflation rate jumps to 4.64 per cent
The core CPI comprises 55 items divided into 4 categories: food, retail, paid services and other services