On November 11, 2016, the International Monetary Fund (IMF) and the Egyptian government finalized a US$12 billion loan agreement tied to an economic reform plan that included a series of…
Egypt has seen some good economic news in 2015: overall economic growth measured at 4.2 percent for the fiscal year ending in June 2015, the strongest performance in five years.…
As Egypt’s mounting security challenges and draconian legislative measures dominate headlines, the growth of gross domestic product (GDP) represents a rare bright spot the government can point to as a…
As Egypt’s government gears up for a major economic conference next week, it has been presenting a relentlessly positive picture of the economy. The messaging is consistent: Egypt is open…
Egypt’s Cabinet approved on Wednesday a draft budget for the 2016/17 fiscal year, anticipating economic growth above 5.2 percent and a deficit…
Eleven months into the 2014/15 fiscal year, Egypt’s budget deficit hit 10.8 percent of GDP, the Finance Ministry reports. Earlier this month,…
Egypt will target a growth rate of 4.3 percent of GDP, a total deficit ratio of between 9.5 and 10 percent, and…
Egypt’s budget deficit reached LE84.5 billion, or 3.6 percent of GDP, for the period from July to October 2014. According to the…
Egypt’s economy reached a year-on-year growth rate of 6.8 percent in the first quarter of the 2014/15 fiscal year, according to Minister…
The Finance Ministry plans to launch a package of financial incentives and exemptions in a bid to bring the informal sector into…
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