Latest in Tag: Minister of Planning Highlight
Latest in Tag: Minister of Planning

NIB sends Finance Ministry 13 companies to float on EGX: El-Saeed
Hala Al-Saeed, minister of planning and chairperson of the National Investment Bank (NIB), said that several days ago, the bank sent the Ministry of Finance a programme of proposals for the Egyptian Exchange (EGX) of 13 companies belonging to different economic sectors. Finance Minister Amr El-Garhy said in previous statements that the ministry aims to …

58% targeted investments from private sector: Hala Al-Saeed
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that her ministry aims to boost private sector contribution in investments to 58% of the total investment, worth EGP 980bn, during the coming fiscal year. According to the minister, the value of private investments for fiscal year 2018/2019 will be about EGP 569bn, with public …

EGP 1.627bn allocated to restart urgent, stalled projects
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed approved the allocation of EGP 1.627bn on Wednesday for required investments to implement stalled and urgent projects across different governorates. In a press statement, Al-Saeed announced that this comes withing the framework of the stateâs assistance for stalled projects, so they can contribute to the economy …

Intensive cooperation between government, private sector in transforming to cashless economy
Government efforts have been very successful in implementing digitised services system within Vision 2030, says Al-Saeed

Automation of Suez Canal area services complete by end of December
Government to provide new electronic services in March, says minister of planning

5.2% GDP growth in Q1 2017: minister of planning
Minister of Planning Hala Al-Saeed announced, at a Wednesday press conference, that Egyptâs 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 …

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

Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17Â
Large projects and the improved climate for investment will increase economic growth, exports, and foreign trade growth, says Minister of Planning

No one can say for certain at what value the Egyptian pound will stabilise against the US dollar: El-ArabyÂ
Subsidies will continue to be provided even after the economic reform programme has been completed

We aim to reduce government investment as a share of GDP: El-Araby
Minister of Planning Ashraf El-Araby said that the government aims to reduce government investment as a share of the gross domestic product (GDP) within its plan to control government spending and tackle the budget deficit. The governmentâs investment allocations amounts to EGP 150bn (equivalent to 4.4% of GDP) in the budget of the current fiscal year (FY), compared …

Government raises GDP estimate to EGP 3.4tn following flotation
Egypt’s economy will grow by 4% during this FY, says Planning Minister

Planning Minister discusses integrating financial leasing in comprehensive development
The upcoming conference will discuss the role of the financial leasing in developing the assets of business sector companies and national projects

Parliament summons ministers of finance, planning to discuss government projects
Nour Party likely to reject the government’s programme and coordinates with 25/30 Coalition and other independent members to form strong cluster against Egypt’s Support Coalition

Egypt takes actions to trim budget deficit
Government is seeking loans, private sector investments, and to increase tax base to address budget gap

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

Mechanisation of public wages to stimulate economy: Visa Egypt director
Around 6.5 public employees will be offered this service

Saudi Arabia, UAE, Kuwait strong backers of Egyptâs economy
Overview of Gulf aid to Egypt in the new era
GDP grows 5.6% in 1H FY 2014/2015
Economy grows by 4.3% in the quarter ending in December
Government limits collection of value of commodities, services to EGP: Cabinet
Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

Antiquities ministry requests EGP 488m to continue projects: Cabinet spokesman
Better exploitation of antiquities will achieve more income than Suez Canal, says Mehleb
Planning, investment ministers agree on financing Misr Spinning and Weaving
Salman, Araby discuss iron and steel development via imported raw materials and cooperation to increase production
Public workersâ affairs abolished, human resources management starts in March: Minister of Planning
No price increase for oil products and the decision is up to the next Peopleâs Assembly

Egypt rises 20 points on transparency, anti-corruption ranking
Egyptâs ranking improved in the Corruption Perceptions Index to 94th place in 2014, up from 114th last year

3.8% growth rate expected by end of FY 2014/2015: Planning minister
First quarter growth of current fiscal year reached 1.1%
Housing ministryâs services automated after 1 year: Minister
Ministries of Housing and Planning sign two-year agreement to develop citizen and investor services
Businessmen voice optimism for uniform investment law
Investment minister faces opposition to âone-stop shopâ system if put into effect

Legislation changes to be made by ERRADA Board: Abdel Nour
ERRADA initiative was reactivated earlier this year
Government adopts new electronic system to track progress on development projects
The new system allows the government to electronically monitor the implementation of various government projects

Administrative reform, social safety net to help economy reach 3.2% growth: Planning minister
El-Araby says the government will announce an administrative reform road map to improve the efficiency of governmentâs institutions, services and employees this week
Government plans âdonor countriesâ conference before yearâs end
The Ministry of Planning has announced intentions to hold a conference for âdonor countriesâ to Egypt before the end of the year and following the completion of parliamentary elections. Nihal Al-Megharbel, adviser to the Minister of Planning Ashraf El-Araby, made the remarks Monday on the sidelines of a conference to sign agreements for funding slum …