growth rate

New budget sets 4% growth target
Business

New budget sets 4% growth target

The government aims to achieve a growth rate of between 4 and 4.5 percent during the 2012/2013 fiscal year, said…
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 inflation rises to 11% amid food price hikes
Business

Egypt’s inflation rises to 11% amid food price hikes

Egypt's inflation notched up slightly to 11 percent in September, the government said Sunday, amid complaints about rising food prices.Urban…
Egypt targets US$10 billion in outsourcing exports
Business

Egypt targets US$10 billion in outsourcing exports

Egypt hopes to see a tenfold increase in exports from its growing outsourcing industry by 2020 and will boost its…
Egypt aims to cut poverty rate to 15% by 2015
Egypt

Egypt aims to cut poverty rate to 15% by 2015

Egypt's Economic Development Minister said on Wednesday the country's poverty rate could be reduced to 15 percent from 20 within…
Finance minister tells Euromoney conference Egyptian economy poised for growth
Business

Finance minister tells Euromoney conference Egyptian economy poised for growth

Egyptian Minister of Finance Youssef Botrous Ghali told the Euromoney conference yesterday Egypt’s local economy is expected to enjoy a…
Egypt pound reaches 3-1/2 year low against dollar
Business

Egypt pound reaches 3-1/2 year low against dollar

The Egyptian pound reached a 3-1/2 year low against the dollar on Wednesday as risk-averse investors switched into US treasuries…
Historic heat to hit Russian growth, fires rage
World

Historic heat to hit Russian growth, fires rage

Moscow--Russia's deadly summer heatwave could wipe up to US$14 billion off economic growth, economists said on Tuesday, as wildfires raged…
Egypt July inflation steady, monthly rate highest since 2008
Business

Egypt July inflation steady, monthly rate highest since 2008

Urban consumer inflation in Egypt was steady at 10.7 percent in the 12 months to July, the state-run CAPMAS statistics…
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