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Economics/Financial Analysis News in Egypt

Bourse Gains LE 4.17 bn
7/1/2014 - The Egyptian Exchange (EGX) indexes rose collectively at the close of 30/6/2014 trading backed by purchases of Arab and foreign investment funds and institutions.

The market capital gained ...
Egyptian Exports up by EGP 2.6 billion in 2014/2015 Fiscal Year
7/4/2014 - Egyptian exports are expected to increase by EGP 2.6 billion in the 2014/2015 fiscal year, according to an official statement.

Part of the support is being funded by the money referred to t...
Comprehensive Health Insurance for Egyptians
7/4/2014 - Planning Minister Ashraf al-Araby said that the economic and social development plan has been set for the new fiscal year.

The plan includes establishing a comprehensive health insurance fo...
IMF: Cairo Adopts Difficult Measures to Reform Economy
8/10/2014 - Director of the Middle East and Central Asia Department in the International Monetary Fund (IMF) Masood Ahmed said on Saturday that Cairo has adopted difficult and brave economic reforms.

...
State Budget Deficit down by EGP 15.5 billion
8/16/2014 - The Ministry of Finance announced the continuation of the reduction of total deficit in the State budget by EGP 15.5 billion to hit 93% of the GDP to record EGP 1,894 billion in 11 months of 2013/2014...
Egyptian Exports Hit EGP 94b in 7 Months, Scoring 3.6% Rise
8/23/2014 - The Ministry of Industry and Trade on 22/08/2014 said although the Egyptian exports decreased by 3% in July 2014 to EGP 10.6 billion compared with EGP 10.9 billion in July 2013, however, Egyptian expo...
Egypt to Increase Growth Rate to 6% in 3 Years
9/17/2014 - Finance Minister Hany Kadry said that Egypt tries to push up the growth rate to 6% over the next three years.

Speaking at the Euromoney’s Egypt Conference on 16/9/2014, the minister expect...
Egypt Achieved Economic Stability and Reforms
10/8/2014 - Director of the International Monetary Fund (IMF) World Economic Studies Division Thomas Helbling said on 7/10/2014 that the situation in Egypt is still difficult, but he still acknowledged that the ...
Sisi: Egypt has Specific Vision, Pre-Studied Priorities
10/30/2014 - President Abdel Fattah al-Sisi has said that Egypt is aware of all regional issues and everybody knows its vital role in the region.

In an interview with Saudi Arabia's Okaz newspaper, Sisi...
Investment Min. Calls US Businessmen to Participate in Economic Conf.
1/25/2015 - Minister of Investment Ashraf Salman has called on the US businessmen to participate in the planned economic conference in Egypt, slated for March.

The remarks were made during a meeting wi...
Mahlab Meets Board of Trustees of ERRADA Initiative
1/28/2015 - Prime Minister Ibrahim Mahlab held a meeting on 27/1/2015with the board of trustees of the Egyptian Regulatory Reform and Development Activity ERRADA.

During the meeting, Mahlab underlined ...
EGX Gains EGP 3.79bn, Index up 1.14%
1/28/2015 - The Egyptian Exchange (EGX) gained 3.79 billion pounds at the end of 27/1/2015 trading on the back of purchases by Egyptian and Arab institutions and investment funds.

The EGX 30 benchmark ...
Egypt Prepares for Successful Economic Conference
1/31/2015 - Egyptian Prime Minister Ibrahim Mahlab said his government is providing all the requirements of success for the economic development conference "Egypt - the Future," due in Sharm El-Sheikh on March 13...
Wheat Imports Down by 30.3% this Year 2015
7/3/2015 - Wheat imports receded this year by 30.3 percent to stand at 1.6 billion pounds against 2.3 billion pounds last year.

In a statement, the Ministry of Supply said the new bread mechanism save...
Egypt’s Economy Exceeds Expectations in 2014-2015
7/15/2015 - Finance minister said on 14/7/2015 the Egyptian economy has beaten the most optimistic forecasts during 2014-2015 despite the challenges it faced.

Hani Qadri ascribed the positive economic ...
Unprecedented Boom in Economic Cooperation with Riyadh
8/1/2015 - Minister of Industry and Trade Mounir Fakhry Abdel Nour said that the coming period will witness a boom in relations between Egypt and Saudi Arabia in several fields.

The Minister explained...
Energy is Essence of Economic Development in Egypt
8/15/2015 - Petroleum Minister Sherif Ismail said that energy represents the essence of economic development in Egypt.

The Minister pointed out that the exceptional circumstances witnessed by Egypt dur...
Annual Inflation Rate down to 5.61 pct in August
9/11/2015 - The annual inflation rate declined to 5.61 percent in August compared to 6.49 percent in July, announced the Central Bank of Egypt (CBE).

In a statement on 10/09/2015, the CBE said that the...
Sheriff Ismail Opens Matrouh Economic Conference
10/24/2015 - Marsa Matrouh Governor Alaa Abu Zeid said that Prime Minister Eng. Sheriff Ismail will open on Saturday the first Egyptian International Economic Conference "Matrouh the Future of Investment".

...
Hisham Ramez Appoints Caretaker for Rest of Term
11/11/2015 - Central Bank of Egypt (CBE) Governor Hisham Ramez appointed deputy governor Gamal Negm to serve as caretaker governor until the end of his term, an official CBE spokesperson told Ahram Online.

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