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Inflation getting down faster than expected, says Azour
SAR 61.4bn, estimated size of relevant entertainment market in the Kingdom by 2030, says Colliers
Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY 2018/19-2019/20, respectively
Increase in fertility rates, securing water resources represent long-term economic challenges
Furthermore, Egypt’s external debt has increased steadily since 2015 and breached $100bn in Q1 of this year, the note explains.
Ratio aimed to reach 77.5% by end-June 2022
State’s public debt to record 85.2% of GDP in current FY, Focus Economics forecasts
Saudi Arabia is Egypt’s top lender with total debt of $8.7bn
Deepening and broadening of Egypt’s effective reforms is critical to underpin the positive outlook for growth and unemployment of the country, David Lipton, the International Monetary Fund (IMF) Acting Managing Director
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in the FY 2017/18 and 12.5% in FY 2015/16.
The state’s household debt to the GDP slightly decreased to 7.2% in Q1 of 2019, compared to 7.4% in the same period of 2018, the report added.
Education, health sectors have yet to benefit from reforms’ freed-up resources, says report
Likelihood of renewed social instability, reform reversal is low given improved economic prospects
we expect Egypt to continue to tap the eurobond market annually, including in 2019 and again in 2020, along with more infrastructure-linked loans.
GDP to expand 5.3%, fiscal deficit narrowing to 8.4% in FY 2019, EGP 18.2 per USD in CY 2019
New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY
Average growth in MENAP forecasted to decelerate slightly to 2.2% in 2019, says IIF
Ministry implemented number of measures to limit increase in debt service bill
Decrease originating from government, non-financial corporates, says IIF
IMF’s credit reduced government debt from 103% of GDP in FY 2016/17 to 93% in FY 2017/18
Egypt’s government debt ratios to improve on debt dynamics, fiscal consolidation: Pharos
GDP to expand to 5.2% in FY 2019, overnight deposit rate to reach 15.42% by end of CY 2019
State debt at 84.4%., according to CBE
Report forecasted GDP to reach $0.4tn by 2030 up from current $0.2tn
Government working to achieve unprecedented development across all sectors, says El-Saeed
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s
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 …
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 …
Shorter working hours in Ramadan cause average 7.7% loss in most Muslim countries’ GDP