Latest in Tag: GDP Highlight
Latest in Tag: GDP
Rising global debt, an all-time high of $184tn, challenging, Egypt is no exception
Egypt’s government debt ratios to improve on debt dynamics, fiscal consolidation: Pharos
Inflation to average 12.8% in CY 2019, 10.5% in CY 2020: FocusEconomics
GDP to expand to 5.2% in FY 2019, overnight deposit rate to reach 15.42% by end of CY 2019
Government debt to GDP declines to 97.1% in Q2 2018: IIF
State debt at 84.4%., according to CBE
Egypt ranks 15th in long-term growth: HSBC
Report forecasted GDP to reach $0.4tn by 2030 up from current $0.2tn
Egypt targets 8% GDP growth in four years: planning minister
Government working to achieve unprecedented development across all sectors, says El-Saeed
Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s
World Bank increases Egypt’s GDP growth forecast to 5.3% in FY 2017/18, 5.7% in FY 2018/19
The World Bank improved its previous forecast of Egypt’s gross domestic product (GDP) growth to record 5.3% in fiscal year (FY) 2017/18 and 5.7% in FY 2018/19, up from 4.9% and 5.6% respectively, according to the bank’s Global Economic Prospects report published on Wednesday. For the Middle East and North Africa region, the report expects …
Tourism sector represents 10% of world’s GDP: UNWTO
Mohammed Al Muhairi, undersecretary for tourism at the UAE Ministry of Economy and chairperson of the Middle East committee of the World Tourism Organisation (UNWTO), said that the tourism sector now accounts for 10% of the world’s gross domestic product (GDP). He added that the tourism sector accounts for 11% of the world’s total labour …
Economics of Ramadan: GDP declines, spending increases
Shorter working hours in Ramadan cause average 7.7% loss in most Muslim countries’ GDP
World Bank: Egypt’s GDP to gradually increase by 5.8% in FY2019/20
Growth in MENA expected to rebound to 3.1% in 2018
Egypt’s current account deficit dropped 64% to $3.4bn in H1 FY 2017/18
Improvement was backed by 5% GDP growth in 2017—highest on record since 2010
Investments to reach 8.3% of GDP in FY 2018: FocusEconomics
FocusEconomics expects inflation to average 15% in 2018
GDP to grow by 5.9% in 2022
A report issued by Statista expected Egypt’s GDP to grow by 4.4% this year, up from 4.1% in 2017. According to the report, the country’s GDP growth rate will grow strongly in 2019 at 5.3%, then by 5.76% in 2020 compared to 2019. According to the report, GDP will grow further in 2021. The market …
Aim to raise the tax revenue to 19% of GDP by 2022: El-Monayer
We are using deferral of capital gains tax to prepare community to accept it, which will be applied to all companies
Monster of global inequality continues to grow
82% of global wealth generated in 2017 went to wealthiest 1% of world population, says Oxfam
Aim to raise EGX market capitalisation to 60% of GDP in 5 years: minister of finance
8 oil, industry, petrochemical, banks public companies will be IPO-ed in 18 months
Economic experts view Egypt’s economy in 2018 with cautious optimism
For most of the last decade, Egypt has been squeezed between turbulence and uncertainty, and a deteriorating economy. Various challenges had to be addressed, from political unrest and declining tourism to foreign currency and fuel shortages. To correct these structural issues within the economy, the Egyptian authorities adopted an economic reform programme in 2016. Consequently, …
Dealers expect dollar value to range from EGP 17-19.5 in 2018
Growth rate to range from 4-5%, inflation to decrease to 13-15%
Real estate sector contributed 15% of GDP in 9 months
Egypt has no legislation organising launch of international universities, says Redcon chairperson
Increasing world debt raises concerns about new global crisis
$233tn world debt may be warning sign of imminent financial crisis
Fintech in Egypt: the wheels turn slowly
It appears that businesses and individuals in Egypt need to adapt to the new technology by embracing the paradigm shift in financial activity.
MCIT plans to raise IT sector contribution to GDP to 3.8% in 2018
Negotiations underway with international companies to set up design centres in Egypt, expand electronics industry, reveals minister of communications
5.2% GDP growth in Q1 2017: minister of planning
Minister of Planning Hala Al-Saeed announced, at a Wednesday press conference, that Egypt’s gross domestic product (GDP) growth registered 5.2% in the first quarter (Q1) of fiscal year (FY) 2017/18. Al-Saeed explained that GDP is on a growth path due to the fact that an approximately 3% increase in investment inflows was achieved during the …
African stock market booms, but challenges remain
Although starting from a low base, a recent IMF study shows that African markets have begun to help in financing
Egypt’s non-oil exports amount to $1.98bn in May 2017
Non-oil imports decreased from $5.9bn in May 2016 to $4.1bn in May 2017
Egypt’s B3 rating maintained, outlook remains stable: Moody’s
Any increase in fuel or food prices would reverse the subsidy reforms
ICT GDP achieves EGP 15.7bn increase in Q2 2017
An increase of 3.6% compared to Q1 of this year: MCIT report
Egypt’s GDP reaches EGP 2.5tn in 9 months of FY 2016/2017
Tourism sector grows by 80% while consumption contribution declined to 3%
Egypt’s GDP to grow 5.3% by 2019: WB
Forecast lower than the WB’s previous January 2017 forecast, estimated at 5.4%
Egyptian economy on right track, positive signs of economic recovery: Minister of Planning
Egypt aims at doubling growth rate by 2021, increase the GDP per Capita to $4,000