Egypt cuts 2022 GDP forecast to 5.7% due to Ukraine war – minister
Egypt has lowered its GDP forecast in 2022 to around 5.7 percent from 6.4 percent due to the effects of Russia’s…
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Egypt’s economy
Egypt in talks with IMF on possible financial or non-financial support deal: report
Egypt is in talks with the International Monetary Fund (IMF) on possible support that could be a loan or a…
World Bank revises up FY2021/22 GDP forecast for Egypt to 5.5%
The World Bank forecast on Tuesday revised up its forecast for Egypt’s GDP growth to 5.5 percent for the financial…
Afreximbank, NBE sign MoU to promote trade, investment flows into Egypt
The African Import and Export Bank (Afreximbank) and the state-run National Bank of Egypt (NBE) have signed on…
Egypt’s economy grew 9.8% in Q1 FY2021-22, highest in two decades – Cabinet
Egypt’s economy grew by 9.8 percent in the first quarter of the financial year 2021-2022, the highest quarterly…
EIB: Revoking state of emergency in Egypt is positive for economy
Egypt’s decision to not renew the state of emergency will positively affect the country’s economy and lure more…
World Bank working on various programmes in Egypt to boost productivity
The World Bank is working on various programmes that would increase the productivity, President David Malpass said…
Egypt’s GDP grows 7.7% in Q4 2020/21: Cabinet
Egypt's gross domestic product (GDP) rose 7.7 percent in the March to June quarter from a 1.7 percent contraction…
Egypt to receive almost $2.8 billion of IMF’s largest-ever SDR allocation
Egypt will receive a foreign currency boost equivalent to around $2.8 billion through the International Monetary…
Kuwait extends maturities of $2 billion deposit – Egypt c.bank
Kuwait has agreed to extend the maturity of $2 billion of deposit it made with Egypt’s central bank and which were…
