Egypt economy
Egypt says coordinating with World Bank to finance $200 mn program
Economy
May 19, 2017
Egypt says coordinating with World Bank to finance $200 mn program
Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…
Moody’s expects 4% economic growth for Egypt in 2017
Business
January 17, 2017
Moody’s expects 4% economic growth for Egypt in 2017
Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Sisi says Egypt’s military accounts for no more than 2 percent of economy
Egypt
December 24, 2016
Sisi says Egypt’s military accounts for no more than 2 percent of economy
Egyptian President Abdel Fattah al-Sisi said on Saturday that the military's economic activity accounted for no more than two percent…
Egypt economy likely to slow as inflation bites: Analysts
Business
December 21, 2015
Egypt economy likely to slow as inflation bites: Analysts
The Egyptian economy is tabled for slower growth as high inflation dogs consumers, analysts said."Inflation is above peers and is…
Egypt can’t rely on cash-strapped Saudi Arabia
Egypt
November 3, 2015
Egypt can’t rely on cash-strapped Saudi Arabia
Egypt's lack of cash is threatening its ability to mount an economic comeback from the turmoil created by the 2011…
Egypt economy grew 4.1 pct in fiscal 2014-15: minister
Egypt
October 13, 2015
Egypt economy grew 4.1 pct in fiscal 2014-15: minister
Egyptian Investment Minister Ashraf Salman said on Tuesday his country's economy grew by 4.1 percent in the financial year that…
Minister: IMF delegation here to prepare report on Egypt economy
Business
November 12, 2014
Minister: IMF delegation here to prepare report on Egypt economy
The Egyptian Finance Minister Hany Qadry said on Wednesday that an International Monetary Fund (IMF) delegation arrived here to prepare…
POLL-Egypt business activity flat in February -PMI
Business
March 4, 2014
POLL-Egypt business activity flat in February -PMI
Business activity in Egypt was unchanged in February after the previous month's deterioration, a survey showed on Tuesday, a sign…
Moody’s says Egypt’s banking system outlook remains negative
Business
February 25, 2014
Moody’s says Egypt’s banking system outlook remains negative
The outlook for Egypt's banking system is negative, unchanged since 2011, says Moody's Investors Service in a report published today. Moody's…
Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch
Business
February 13, 2014
Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch
Egypt’s economy will take over two years to recover from the upheavals following its January 2011 revolution, international credit rating…