Latest in Tag: GDP Highlight
Latest in Tag: GDP
Information tech to double growth rate by 2020: Ministry of Communications
Ministry announces three initiatives to improve Egyptâs digital economy
Over EGP 130bn needed to develop Egyptâs CIT infrastructure: Communications minister
When communications and IT are updated, GDP growth rate can reach 7% by 2020, says Helmy
Morocco’s economic growth slows in first quarter as agricultural output falls
Reuters – Morocco’s economic growth slowed sharply to 2.5% in the first quarter from a year earlier, and is likely to ease slightly again this quarter as agricultural output shrinks, the country’s planning agency said on Tuesday. Agriculture, which accounts for about 15% of Morocco’s gross domestic product, fell 3.4% in the first three months …
China faces âserious obstaclesâ: IMF chief
Chinaâs gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
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
CBE keeps interest rates unchanged
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
Consequences
So, the constitutional referendum, as expected, has passed with flying colours. Official results cite a turn out thatâs over 20 million people who voted Yes for the constitution by 98%. It is again worth noting that the supreme majority of those who voted for the constitution didnât bother reading it or care what was in …
Economic growth in Egypt expected to slowly pick up: World Bank
World Bank Economic Prospects Report expects economic growth in Egypt in 2014 to reach the highest rate since 2010 but will remain far below its potential
Egypt economy to become 22nd strongest by 2028: Cebr
The economic and business research company stated that Egyptâs GDP will register $1.069tn in 2028
Egyptâs iGDP registers $2.5bn
While private consumption is the overwhelming driver of iGDP in other countries, private investment and public expenditure play bigger role in Egypt: Mckinsey & Company
Budget deficit ratio stabilises at 2.9% of GDP, domestic debt surges to 73.5% of GDP: MOF
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
Brazil to spend $55bn to defend sagging real
The Brazilian currency, which has been at its lowest level against the dollar in four years, closed at 2.35 to the greenback Friday, up 3.2% from Thursday’s close.
GDP grows 2.2% in second quarter of 2013
The second quarter growth was less than the first quarter, which saw an increase of 2.4% of the GDP
World Bank sees less global growth, more stability
The MENA economies, projected to grow 2.5 percent, are still feeling the impact of political and social tensions from the Arab Spring
Saudi says IMF growth forecast too low
The IMF said this month that it expected growth in the largest Arab economy to drop to 4.4% in 2013 from 6.8% last year
IMF: Tax reforms to increase Egyptâs GDP by 0.75%
The IMF expected Egyptâs GDP to grow 2% over the next year as opposed to 2.2% in 2012
Oh Happy Day
Adel Heine’s weekly column
Morsi hopes Egypt will join BRICS bloc
President tells Indian media he hopes the BRICS would soon become the âE-BRICSâ once Egypt gets its economy back on track
Rebel Economy wrap
EGYPTâS BUDGET DEFICIT: WHY NO ONE WANTS CUTS By Farah Halime, Rebel Economy While many people generally agree that governments faced with deficits must cut spending, most do not like cuts to specific programmes. Itâs the same everywhere, not least in the US where a national survey found that for 18 of 19 programs tested, the majority wanted either …
Cutting deficits without damaging growth
Average public debt in MENA countries is more than 78% of GDP, and slower than projected growth or higher interest rates could put debt on an unsustainable path.
Egyptian economy in freefall
Egyptâs ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egyptâs economy
Government raises sales tax
The proposed law will exempt imported capital goods
High oil prices to push MENA growth forecast up in 2013
The expected growth prospects of the MENA region strengthened, with predicted growth of 5.3 per cent in 2012 and 3.6 per cent in 2013, according to Qatar National Bank Group (QNB). QNB attributed the strong forecast to higher oil prices and increased government spending, according to the bankâs group review of the International Monetary Fundâs …
Egypt struggles to boost agriculture and livestock wealth
By Mohamed Gamal In a continuing effort to promote the agricultural sector, Egyptian officials agreed with Qatari businessmen to explore investment opportunities in the Egyptian agricultural sector. Last Friday, Prime Minister Hesham Qandil held talks with a Qatari delegation headed by Sheikh Nasser Bin Mohammed Al Hajri, CEO of Hassad Food, who expressed interest in …
Asia edges towards giant free trade zone: ASEAN
Asian 3.5 billion people states to form free trade zone
US economic growth revised slightly higher for Q2
US Economy growing faster, yet remaining sluggish
Ministry of Finance issues treasury bills and bonds worth EGP 135 billion
By Islam Serour The Ministry of Finance announced Saturday an issue of treasury bills and bonds with a total value of EGP 135.228 billion, which was auctioned by the Central Bank of Egypt (CBE) between April and June, in the final quarter of the 2011-2012 financial year. According to the statement by the Ministry, the …
‘Fiscal cliff’ plan will send US into recession: CBO
Washington (AFP) â The US Congress’s budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push up joblessness. The Congressional Budget Office said the poison-pill political deal on the budget last year — sharp cuts to spending and tax increases that …
IMF Managing Director arrives in Cairo
Lagarde to meet Hesham Qandil, Morsy to discuss economic and reform programme
Previous fiscal year characterised by rising GDP deficit
The Egypt Economic Performance Report for July-May of the fiscal year 2011-2012 revealed a continued rise in the overall GDP deficit, valued at EGP 136.5 billion or 8.8% of GDP, compared to EGP 112.6 billion for the same period last year. The former has dropped by 2.9%, as opposed to the latter, which dropped by …