growth

Egypt needs investments of US$45 billion to meet target growth rate
Business

Egypt needs investments of US$45 billion to meet target growth rate

Egypt needs LE276 billion (US$45 billion) in investment this year to meet its targeted growth rate, Prime Minister Hesham Qandil…
Govt report: Growth of GDP, construction sector revitalize economy
Business

Govt report: Growth of GDP, construction sector revitalize economy

The Egyptian economy partially recovered in the second quarter of the fiscal year 2011/2012, from October to December, according to…
Tunisia sees GDP growth reviving to 4.5 pct in 2012
World

Tunisia sees GDP growth reviving to 4.5 pct in 2012

Tunisia's government expects the economy to grow 4.5 percent next year, bouncing back from a slump caused by the impact…
Egypt asks US business for help, urges investment
Business

Egypt asks US business for help, urges investment

WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…
Egypt’s local borrowing may backfire on economy
Business

Egypt’s local borrowing may backfire on economy

Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive…
Cabinet approves draft state budget
Business

Cabinet approves draft state budget

The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
Egypt’s economic growth rate drops to -4.2%
Business

Egypt’s economic growth rate drops to -4.2%

Planning and International Cooperation Minister Faiza Abul Naga said at a press conference on Sunday that the economic growth rate…
Egypt’s new budget falls short of hopes
Business

Egypt’s new budget falls short of hopes

When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
Egypt cement maker sees rapid sector expansion
Business

Egypt cement maker sees rapid sector expansion

Egypt's cement sector will shake off a property crisis and expand production capacity by 30 percent by the end of…
Egypt seeks US$12 billion from lenders
Business

Egypt seeks US$12 billion from lenders

Washington--Egypt has requested help from the International Monetary Fund to help bridge a gap in government funding that will total…
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