Egypt’s annual growth rate reaches 3.8% in 2022-2023 – ministry
Egypt’s real annual growth rate had reached 3.8 percent in 2022-2023 and the gross domestic product reached about…
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Hala El Saeed
Egypt earmarks $3.2bln in FY2023-24 budget to develop educational services
Egypt’s Minister of Planning and Economic Development said on Wednesday that the country has allocated 99.4 billion…
Egypt’s economy records 4.4% growth during Q1 –minister
Egypt achieved high economic growth recording 4.4 percent during the first quarter of the current fiscal year, said…
EGP 50 mn approved to launch Egypt’s digital initiative
The ministry of Planning and Economic Development approved the allocation 50 million Egyptian pounds to the…
Egypt’s poverty rate falls for first time to 29.7% since 1999
Egypt’s poverty rate declined to 29.7 percent during the financial year 2019/2020, down from 32.5 percent two years…
Egypt assigns EGP 5.7bn investments for Beheira in FY20/21
Egypt’s Ministry of Planning and Economic Development has allocated 5.7 billion Egyptian pounds in investments for…
Egypt to pump EGP 136.4 bln investments in urban development during FY2020/21
Egyptian cabinet plans to inject about 136.4 billion Egyptian pounds, representing 18.5 percent of the country’s…
Egypt directs EGP 2.9bn investments to develop Qena, Sohag in FY20/21
Egypt allocated 2.9 billion Egyptian pounds in investments for the local development of Upper Egypt in fiscal year…
Egypt pumps EGP 3.5bn into rural life improvement initiative
Egypt’s initiative for improving the quality of life in rural areas targets 1,000 rural areas in the neediest…
Egypt allocates 18bn pounds to water, wastewater plants in FY20 – minister
Egypt allocated 18 billion Egyptian pounds ($1.1 billion) to drinking water and wastewater plants during the…
Egypt’s tourism investments likely to fall 28.8% in FY2020/21 – minister
Egyptian tourism sector's investments are expected to fall to 5.2 billion Egyptian pounds ($324.8 million) within…
Egypt’s wealth fund to invest in three sectors amid coronavirus
The Sovereign Fund of Egypt is adapting to the coronavirus crisis and will focus its work more on three main…
Egypt’s MSMEs sector affected by coronavirus – minister
Egypt’s small and medium-sized enterprise sector involves 1.7 million businesses, which account for 44.6 percent of…
Over 16,000 projects executed in Egypt between 2014-2019: minister
More than 16,000 development and service projects were carried out between July 2014 to December 2019 at a total…
Egypt has two possible scenarios for recovery from coronavirus – minister
Egypt’s Planning Minister Hala El-Saeed said there are two scenarios for recovering from the coronavirus crisis,…
Egypt’s FY2021 draft budget eyes increasing public investments – minister
Egypt’s Minister of Planning Hala El-Saeed said on Wednesday the financial year 2020/2021 draft budget targets…
Egypt aims to increase 4G cities to 34 – ministry
Egypt has started creating a number of 4G cities, bringing the total number of new cities to 34 according to…
Egypt’s industrial sector investments 22% up in FY2018/2019
Investments by Egypt's industrial sector surged 22 percent in the 2018/2019 fiscal year to record 99.5 billion…
Egypt posts 5.6% growth rate during H1 of 2019/20
Despite the continued slowdown in global growth, The Egyptian economy maintains steady growth rates of 5.6 percent…
Egypt’s sovereign fund partners with UK Actis to help attract investment
Egypt’s sovereign wealth fund signed on Monday a partnership with UK-based private equity firm Actis to help allure…
BREAKING: Egypt names 10 ministers in cabinet reshuffle
Egypt announced a cabinet reshuffle on Sunday, which saw the replacement of several key ministers, the merging of…
Egypt earmarks EGP7 billion to most-impoverished villages: minister
Egypt is allocating a sum of 7 billion Egyptian pounds ($429.6 million) from its 2019/2020 state budget to upgrade…
Egypt seeks to make good use of funding resources – minister
Egypt's Minister of Planning, Follow-Up and Administrative Reform Hala El-Saeed has said Egypt seeks to make good…
State employees to be assessed ahead of transfer to Egypt’s New Capital
Egypt's government is set to start an evaluation process for state employees ahead for their transfer to the…
Planning ministry assigns EGP 1.2 bln to impoverished villages
Egypt's Minister of Planning Hala El-Saeed said criteria have been set for the most needy villages, noting that a…
Egypt announces framework of Sovereign Wealth Fund
Egypt published the regulations of the state’s Sovereign Wealth Fund (SWF) in the Egyptian Gazette, which marks the…
Egypt targets GDP growth rate of 10% in FY2029/30: minister
Egypt's Planning Minister Hala El-Saeed has said that the government seeks to achieve a gross domestic product…
Egypt to up FDI to $11B in 2018/19
The 2018/2022 medium-term plan of sustainable development aims to increase net foreign direct investment (FDI) to…
Egypt to increase investments 64% in FY2018/19: minister
The Egyptian government has pushed up investments by 64 percent in the current financial year 2018/2019, as a…
Currency issuance rises to 444bn Egyptian pounds in January: CBE
The volume of currency issuance increased to 75 billion at the end of January 2018, reaching 444 billion pounds…
Two technological centres to be opened in Egypt’s Beheira
Egypt's Local Development and Planning Ministers Hisham el Sherif and Hala el-Saeed will inaugurate Sunday a…
Egypt’s external debt rises to $74.9 billion at April end: minister
Egypt’s external debt rose to $74.9 billion at the end of April, said Minister of Planning Hala el-Saeed on…
Egypt’s economy grows 4.3% in Q3-FY2016/17: minister
Egypt’s GDP grew 4.3 percent during the third quarter of the current financial year 2016/2017, Minister of Planning…
Egypt appoints investment minister as country’s governor to World Bank
Egyptian Prime Minister Sherif Ismail has appointed Wednesday Minister of Investment and International Cooperation…
572 mln pounds allocated to improve water quality: Egypt’s planning ministry
Egypt's Ministry of Planning, Follow-up and Administrative Reform approved additional allocations of 572.5 million…
Egypt targets 5% growth rate within FY2017/18: planning minister
The Egyptian government seeks to achieve growth rates by around five percent within financial year 2017/2018,…
Egypt’s Economy Will Never be Islamized: Hala El Saeed
Dr. Hala El Saeed, professor at Faculty of Economics and Political Science, ruled out Islamizing Egypt’s economy…