Egypt's GDP growth is predicted to reach 4.5 percent in fiscal year 2017/18, according to the International Monetary Fund's World Economic Outlook report for October, which was released on Tuesday.
Egypt's consumer price inflation for the fiscal (...)
Egypt's gross domestic product is projected to grow 5.3 percent by 2019, suggesting the economy of the most populous Arab state is recovering after years of turmoil, the World Bank has said.
In its monthly Global Economic Prospects report for June, (...)
Egypt plans to spend around 30 billion Egyptian pounds ($4.36 billion) in a second stimulus package to be launched in January, the finance minister said on Monday, 25 percent more than previously announced.
It means the army-backed authorities have (...)
Egypt's economy is unlikely to grow as quickly as the government has forecast for this financial year, economists polled by Reuters predicted, dampening hopes Egyptians will see quick benefits after an uprising driven partly by economic (...)
Egypt will be hit by the fallout from the European economic crisis which takes its toll on remittances, exports and tourism; unemployment will remain resilient despite growth pick up, a recent IMF report shows
Egypt will not be spared the (...)
CAIRO: Egypt's economic growth will remain relatively anemic in the coming fiscal year as political uncertainty drags on and the global outlook remains weak, but growth should pick up in the following year, a Reuters poll showed on (...)
CAIRO: Egypt's economy will grow by only 1.8 percent this fiscal year and 3.1 percent next as it recovers slowly from the political upheaval that ousted president Hosni Mubarak and disrupted the economy, a Reuters poll showed on Wednesday.
The (...)
CAIRO: Egypt's headline inflation eased last month as slowing food price growth offset a faster increase in housing costs, government figures showed on Monday, and economists forecast the central bank will hold key lending rates steady this (...)
CAIRO - The urban consumer inflation was 11.87 percent in the 12 months to May, beating analysts expectations and slowing from 12.1 percent in April, Egypt's state statistics agency said on its website on Thursday.
The urban consumer price index for (...)
CAIRO: Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell from April, the state statistics agency said on its website on Thursday.
The average forecast for the country's most closely (...)
CAIRO - Urban consumer inflation in Egypt accelerated in the year to March to an 11-month high, pushed up by soaring food prices that contributed to the mass protests that eventually toppled President Hosni Mubarak.
Urban consumer inflation in Egypt (...)
CAIRO: Urban consumer inflation in Egypt accelerated in the year to March to an 11-month high, pushed up by soaring food prices that contributed to the mass protests that eventually toppled President Hosni Mubarak.
Urban consumer inflation in (...)
CAIRO: Just weeks ago, Egypt's growth rate for the current fiscal year was expected to clock in at 5.6 percent, but due to recent events, that number has dropped, with some forecasts putting it as low as 2 percent.
CI Capital revised their (...)
Egypt's core annual inflation accelerated to 8.58 percent in the year to November from 7.75 percent in October, the central bank said on Thursday, higher than analysts' forecasts.
Four analysts polled by Reuters forecast core annual inflation (...)
CAIRO - The urban consumer inflation was 10.2 per cent in the 12 months to November, down from 11 percent in October, Egypt's state statistics agency CAPMAS reported on its website on Wednesday.
The price index for November was 110.4 versus 100.2 a (...)
Egypt's core annual inflation accelerated to 7.75 percent in the year to October from 7.59 percent in September, the central bank said on Wednesday, on the top end of analysts' forecasts.
Four out of six analysts polled by Reuters forecast core (...)
Egypt's core annual inflation surged to 10.97 percent in the year to September from 8.2 percent in August, the central bank said on its website on Sunday.
Four analysts polled by Reuters had forecast a rise to an average of 8.46 percent, its (...)
Urban consumer price inflation in Egypt crept higher in the year to September, the state statistics agency CAPMAS said on Sunday, but not as high as the consensus forecast of nine analysts polled by Reuters.
One analyst said the latest figure (...)
Egypt's core annual inflation rose to 7.08 percent in the year to July from 6.70 percent in June, the central bank said on its website on Tuesday.
Four analysts polled by Reuters had forecast core annual inflation rising to an average of 7.1 (...)
CAIRO-Inflation in Egypt remained unchanged in July, supporting the central bank's decision to keep its benchmark interest rate at its current level.
Urban inflation, the main rate monitored by the central bank, was 10.7 per cent in July, according (...)
CAIRO- Egypt's gross domestic product (GDP) is likely to grow by at least 6.5 per cent in the fiscal year that began on July 1, signalling the economy is back on track, the economic development minister said on Thursday.
The economy grew by 5.9 per (...)
Egyptian inflation Thursday eased for the fourth straight month in May, making it less likely that the central bank will soon raise interest rates.
Urban inflation, the main rate monitored by the central bank, slowed to 10.5 per cent from 11.4 per (...)
CAIRO: Egypt's annual urban inflation rate, the most closely watched price indicator, fell to 10.5 percent in May, its lowest level since August and giving the central bank more latitude to keep key interest rates steady.
Core annual inflation (...)
CAIRO: Egypt's annual headline inflation declined to 11.3 percent in April 2010, from 12.2 percent in March, as the annual change in food prices, clothing, furniture, transportation and hospitality costs dropped, according to data released by the (...)
Egyptian inflation slowed to 12.2 pct in March
Egypt s inflation rate declined for a second month in March, giving the central bank more room to keep its benchmark interest rates at a three-year low, says CAPMAS.
Urban inflation, the main rate (...)