Egyptian economy

GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year
Business

GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year

Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous…
Orascom Construction reverses full year loss with Q1 $23 mln net profit
Business

Orascom Construction reverses full year loss with Q1 $23 mln net profit

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million…
Politics vs. business in Europe’s policy towards Egypt
Egypt

Politics vs. business in Europe’s policy towards Egypt

Egyptian President Abdel Fattah al-Sisi's tenure has so far witnessed the signing of huge investment deals with European countries including…
We will keep basic goods prices stable despite dollar crisis: Sisi
Business

We will keep basic goods prices stable despite dollar crisis: Sisi

Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
Egypt may gain after Saudi King visit; Gulf may firm
Business

Egypt may gain after Saudi King visit; Gulf may firm

Egypt's stock market may rise on Sunday after a visit by Saudi Arabia's King Salman unveiled multi-billion dollar investment plans,…
Govt. targets 8% development rate of local industry: minister
Business

Govt. targets 8% development rate of local industry: minister

The Trade and Industry Ministry is aiming to grow local industry by eight percent annually, thus binging its contribution to…
Egypt’s annual urban consumer price inflation falls to 10.7 pct in Jan
Business

Egypt’s annual urban consumer price inflation falls to 10.7 pct in Jan

Egypt's annual urban consumer inflation fell to 10.7 percent in January, the official statistics agency CAPMAS said on Wednesday, down…
Egyptian economy’s growth rate expected to decline in 2016 – World Bank
Business

Egyptian economy’s growth rate expected to decline in 2016 – World Bank

The World Bank lowered its expectation for the economic growth rate in Egypt for the fiscal year 2015/2016 by 0.7…
Sisi’s projects ‘unproductive’: activist
Egypt

Sisi’s projects ‘unproductive’: activist

President Abdel Fattah al-Sisi is adopting unfeasible projects against the backdrop of a deteriorating fiscal situation, a prominent activist has…
Socialists criticize economics, politics in Sisi’s first year
Egypt

Socialists criticize economics, politics in Sisi’s first year

Egypt’s Socialists have criticized what they describe as "economic and political failures", as President Abdel Fattah al-Sisi concludes his first…
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