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Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%
By Omar Khedr For its 2014 forecasts, the World Bank predicts that Egypt’s 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 – one of the largest investment banks in the …
Personal rights organisation expresses concerns about the status of the poor in light of approved FY 2014/2015 state budget
Ministry of Finance had raised GDP target by EGP 400bn to EGP 2.4tn to keep deficit ratio at 10%
Success depends on real growth in investments, a clear vision regarding taxation and cutting government spending
Central bank reports estimates net external debt rose by 5.8%, as a result of increased borrowing and higher exchange rates against the dollar
Public expenditure increases, revenues target decreases and GDP growth rate expected to reach 3.2%
Discussing the changes in fiscal policies, Al-Sisi’s economic platform stated that budget deficit and public debt should return to “safe levels”.
In past three years, private sector’s contribution to GDP was 60%, down from 65% registered in 2011
Ministry announces three initiatives to improve Egypt’s digital economy
When communications and IT are updated, GDP growth rate can reach 7% by 2020, says Helmy
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’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
So, the constitutional referendum, as expected, has passed with flying colours. Official results cite a turn out that’s 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 didn’t bother reading it or care what was in …
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
The economic and business research company stated that Egypt’s GDP will register $1.069tn in 2028
While private consumption is the overwhelming driver of iGDP in other countries, private investment and public expenditure play bigger role in Egypt: Mckinsey & Company
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
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.
The second quarter growth was less than the first quarter, which saw an increase of 2.4% of the GDP
The MENA economies, projected to grow 2.5 percent, are still feeling the impact of political and social tensions from the Arab Spring
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
The IMF expected Egypt’s GDP to grow 2% over the next year as opposed to 2.2% in 2012
Adel Heine’s weekly column
President tells Indian media he hopes the BRICS would soon become the ‘E-BRICS’ once Egypt gets its economy back on track
EGYPT’S 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. It’s the same everywhere, not least in the US where a national survey found that for 18 of 19 programs tested, the majority wanted either …
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.
Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy