Beltone Financial Expects Egypt's Economy to Grow By 6.1% in 2020Source: www.export-egypt.com 11/18/2019, Location: Africa |
|
|
|
|
|
Beltone Financial, one of the largest investment banks in the Middle East and North Africa, expected that Egypt's economy to achieve a growth rate of up to 6.1% in the next fiscal year 2020/21, compared to 5.6% in the fiscal year 2018/19.
In its annual report about Egypt's economy 2020, the bank said that the country's economic growth will continue, driven by the noticeable increase in the revenues of tourism and natural gas. It noted that underway mega national projects will contribute to sustaining the economic growth in Egypt, as they are expected to give more space to the private sector to absorb new entrants to the labour market each year. The bank predicted a decline in the current-account deficit to reach USD 7.2 billion of GDP in the current fiscal year. It forecast that the Egyptian market will see the best performance in terms of profitability of shares denominated in dollars by 15.1 percent, surpassing the Middle East markets and border emerging markets. As for the interest rates, the bank expected that the Central Bank of Egypt will keep lowering the interest rates in 2020 by 300 basis points, which will positively reflect in the performance of shares at the stock exchange. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
