Latest in Tag: Growth Highlight
Latest in Tag: Growth
Robust economic policies needed to maximise private savings and finance growth in Egypt: World Bank
The research by the World Bank said that trust and internet access are significant to savings behaviour, whereas physical access and distribution of banks do not have an effect on one’s probability of participating in bank savings and/or informal savings
Egypt will surpass Canada’s and Italy’s economies by 2050: PwC
A report by the economics and policy team of PricewaterhouseCoopers (PwC), one of the world’s largest multi-national professional services firms, predicted that Egypt’s economy will surpass Canada’s by 2050. “By 2050, emerging economies such as Indonesia, Brazil, and Mexico are likely to be larger than the UK and France, while Pakistan and Egypt could overtake …
African growth resilient, but faces challenges
Africa economies are showing “remarkable resilience” despite economic headwinds, and are expected to continue growing in “challenging circumstances” this year, according to the African Economic Outlook.
G7 at odds over how to spur sluggish growth
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a “go-your-own-way” response to weak global growth being the likely result of the two-day gathering in Japan.
Brussels lowers eurozone growth outlook
The European Commission has revised downward its expectations for economic expansion in the 19-member eurozone. Its spring outlook revealed particular concerns about developments in Spain and France.
Egypt’s economic growth expected to decrease to 3.3% in 2016: IMF
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
Lagarde: Growth will be ‘disappointing’ in 2016
A combination of rising interest rates in the US and weakening expansion in China is contributing to uncertainty and a greater risk of economic volatility across the world, says IMF Managing Director Christine Lagarde.
Government eyes 9.5% budget deficit, 5.5% economic growth
FY 2016/2017 draft budget will be the first discussed by parliament in five years
OECD says growth outlook ‘deeply concerning’
Is the world headed for another recession? The OECD has raised the red flag on the global economy, saying international trade this year is expected to fall to levels not seen since the 2009 financial crisis. The Organisation for Economic Co-operation and Development (OECD) on Monday sounded the alarm on the global economy, saying a …
Egypt’s insurance market prospects are encouraging: Moody’s
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Egypt takes actions to trim budget deficit
Government is seeking loans, private sector investments, and to increase tax base to address budget gap
Increase in tourism supports real estate growth: Lamudi report
Tourists’ arrival increases demand for new developments
Egypt’s economy grew 3% in Q3 of FY 2014/2015: Dcode EFC
Real GDP growth reached 4.7% in first three quarters of FY 2014/2015, increasing from 1.6% during same period of previous year
MICH board members purchase production requirements for EGP 2.1m
Company records 8% growth in net profit during FY 2014/2015
IMF projects slower growth in emerging markets
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
Egypt targets EGP 37.8bn in infrastructure investments
State budget will provide EGP 25.5bn in funds for public investments
4.3% expected increase in annual growth in FY 2014/2015: World Bank
The World Bank expects increase of economic growth in Egypt to reach 4.5% by 2017
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
UK-sponsored Nomou Initiative to promote SME sector
Nomou, funded by the UK government, Shell Foundation and GroFin, provides technical and business support to entrepreneurs
Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
Creative Industry Summit supports Egypt’s newest businesses
For the second year in a row, Egypt’s Creative Industry Summit successfully brought together the country’s most promising creative minds under one roof, the Greater Cairo Library, in an attempt to take local talents to the next level.
Palm Hills expects EGP 1.3bn in Q1 sales
Rise in sales of company’s projects in western and eastern Cairo as well as North Coast main derivatives to this anticipation, company says
€1.2bn total grant aid from EU for 200 projects: EU Ambassador
Egypt needs economic growth for the many not the few, Moran says
Egypt can return to era of good population policies: UNFPA Representative
A “doomsday scenario” is possible but not inevitable with long term thinking from the government and families
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
Al-Sisi inaugurates Economic Summit, calling for investments
Summit is foundation for economic growth, the president says
Presidential meeting marks start of economic reform, inclusive growth: Economic Development Council member
Council to launch non-traditional economic ideas to reduce deficit, poverty and meet growing demand in energy, health, education, says presidential spokesperson
Real estate investors hope for growth with government-related initiatives: Experts
Real estate workers are hoping the sector will recover and return to the growth rates visible prior to the 25 January Revolution. It is hoped the recovery will stem from the government’s Suez Canal Project and its plan to offer several other mega projects, on the North Coast, Upper Egypt, and in the Golden Triangle …
Egypt not sluggish joining entrepreneurship field: Intel Programme Manager
The government can provide bigger market for small businesses by introducing law allowing a percentage of big company contracts to go to small companies