Latest in Tag: GDP Highlight
Latest in Tag: GDP
Budget outlines: Short notice, ambitious goals
Budget draft revealed 12 days before beginning of new fiscal year
Fitch confirms Egyptâs “B” rating, outlook is stable
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted
Update: Egyptian cabinet approves budget draft for FY 2015/2016
Government targets 9.9% budget deficit, 23% increase in revenues and a 5% GDP growth
Egyptian cabinet approves budget draft for FY 2015/2016
Government targets 9.9% budget deficit and expect a 23% increase in revenues
Egypt aims to be in top 30 global economies by 2030: Planning Minister
Executive regulation of Civil Service Law will be issued on 1 July
Public debt increases to 93.8% of GDP, poses risk to economy: Economists
High rate of public debt makes banks unable to fund budget deficit, which increases governmentâs will to fund deficit from abroad
Al-Sisiâs economic progress: Promises vs. actionsÂ
Prior to his election, president was widely criticised for not releasing his electoral platform
EGP 44bn tax revenue increase by end of April
Budget deficit increased to EGP 230.9bn from July 2014 to April 2015 representing 9.9% of the GDP
GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years
45% decrease in non-tax revenues during 8 months
Total income tax revenues decreased to 28% during the period from July to February in the current FY
Government target 4.2% growth rate for current fiscal year: Salman
Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
3% of GDP in 2016/2017 budget to go to health, 6% to education: Dimian
Government targets 4.5%-5% economic growth in proposed FY 2015/2016 budget
GDP grows 5.6% in 1H FY 2014/2015
Economy grows by 4.3% in the quarter ending in December
Invest in better energy technology to fight climate change
By Dr. BjĂžrn Lomborg Climate change has certainly received immense exposure among the most eminent issues of the 21st century so far. The United Nations (UN) Secretary-General, Ban Ki-moon argues that it is âan existential challenge for the whole human raceâ. On the other hand, when over seven million people were asked by the UN what …
Real opportunities for growth in Egypt: Dcode EFC Report
Whereas in the Q3 of FY 2013/14, real GDP growth registered 2.5%, it jumped to 6.8% in Q1 of FY 2014/15
Egypt sees rising economic confidence: World Bank
World Bank report expects real GDP growth in Egypt to increase from 2.9% in 2014 to 3.6% in 2015, further 3.9% growth anticipated in 2016 and 4.0% in 2017
Up migration to make the world richer
By BjĂžrn Lomborg There is a way to make the poor of this world $500bn better off, but this solution is rarely discussed. This matters, because the international community is gearing up to produce the next set of development goals for 2015-2030, to follow on from the Millennium Development Goals. $2.5tr in development aid, …
Clear economic vision is big challenge for Egypt in 2015: EFG-Hermes Head of Research
Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments
Egyptâs economy grows by 1.1% in first quarter
Figure 6.8% higher than same quarter last year
Egypt targets $15bn FDI in FY 2017/2018: Investment minister
The minister of investment discussed the Investment Law saying that its core change is what is called the “one-stop shop”.
SODIC to invest up to EGP 2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
CBE interest rates remain unchanged
Early Monday, the Central Bank of Egypt adjusted Julyâs inflation rate, increasing it from 10.61% to 11.04%
Migrants: A treasure for Egypt
By Omar Khedr For its 2014 forecasts, the World Bank predicts that Egyptâs economy will grow by 2.4% followed by a further 2.9% expansion in 2015. Endowed with a young population, Egypt has a strong potential to kickstart its economic development programme. In fact, Goldman Sachs â one of the largest investment banks in the …
EIPR criticises state budget as âunfair to the poorâ
Personal rights organisation expresses concerns about the status of the poor in light of approved FY 2014/2015 state budget
Economists question governmentâs ability to meet GDP target for FY 2014/2015
Ministry of Finance had raised GDP target by EGP 400bn to EGP 2.4tn to keep deficit ratio at 10%
Success of governmentâs goals regarding budget and debt is conditional: Experts
Success depends on real growth in investments, a clear vision regarding taxation and cutting government spending
Domestic public debt rises to 83.3% of GDP in first quarter of 2014: CBE
Central bank reports estimates net external debt rose by 5.8%, as a result of increased borrowing and higher exchange rates against the dollar
FY 2014/2015 state budget announced, analysts weigh in
Public expenditure increases, revenues target decreases and GDP growth rate expected to reach 3.2%
Al-Sisi targeting 7% GDP growth, 8% unemployment by 2017/2018
Discussing the changes in fiscal policies, Al-Sisiâs economic platform stated that budget deficit and public debt should return to âsafe levelsâ.
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