Egypt achieved a primary surplus of LE7.1 billion during the third quarter of fiscal year 2019/2020 [July-September], said Minister of Finance Mohamed Ma’it during a meeting with President Abdel Fatah El Sisi on Saturday. The results of the fiscal performance...اقرأ المزيد
The Italian agency NOVA highlighted the Egyptian government’s target to reduce the debt rate of gross domestic product (GDP) to 77.5 percent in 2022. The Agency referred to the Egyptian Ministry of Finance’s announcement about the continuation...اقرأ المزيد
Finance Minister Mohamed Maait said the State exerts strenuous efforts to sustain the economic growth rates given the improvement of the public financial indicators. This could be achieved through keeping working on reducing the public debt-to-GDP and...اقرأ المزيد
The World Bank issued earlier in April a report about the economic outlook for the Middle East and North Africa region including Egypt. Egypt Today reviews the most significant economic indicators for Egypt in the report, which are: – The bank...اقرأ المزيد
The International Monetary Fund (IMF) reported that Egypt’s total public debt is projected to continue to shrink to about 74% of the gross domestic product (GDP) by 2022/2023 given the implementation of the economic reform program. The figure is...اقرأ المزيد
Britain’s Standard Chartered Bank forecast that Egypt will be ranked 7th among the world’s top 10 economies by 2030. Seven of the world’s top 10 economies by 2030 will likely be current emerging markets, Bloomberg reported Tuesday, citing...اقرأ المزيد
Egypt was ranked the 19th most powerful economy out of a list of the world’s 21 most powerful economies in 2030, according to a report published by global accounting firm PricewaterhouseCoopers (PwC). The report said that emerging markets will start...اقرأ المزيد
The financial crisis in Egypt is over, the Gross Domestic Product (GDP) in 2017 has significantly jumped compared to 2016 and the prices will fall in 2018, governor of the Central Bank of Egypt (CBE) Tarek Amer stated on Wednesday during a press conference. Amer...اقرأ المزيد
US based credit rating agency Standard and Poor’s (S&P) on Friday affirmed its “B/B-” long and short-term foreign and local currency sovereign credit ratings for Egypt, with a stable outlook. According to the statement, the stable outlook reflects...اقرأ المزيد