Egypt targets around 5 pct growth rate in FY 2017-18
Egypt
Cairo - Arab Today
Egyptian Planning Minister Hala al-Saeed said on Sunday that the government is targeting a growth rate of around 5 percent for the 2017-18 fiscal year, state news agency MENA reported.
Speaking at a news conference, Saeed said Egypt is also looking to boost its growth rate from about 4 percent currently to between 6-6.5 percent in 2020.
The growth rate for the second quarter of the 2016-17 fiscal year slowed to 3.8 percent from 4 percent during the same period last year, she added, attributing the fall to a decline in consumption and a rise in price of imports due to Egypt’s floating of its pound currency in November.
Last year, the ministry had reported the second quarter figure as 3.8 percent, however.
Egypt’s budget deficit during the first half of the 2016-17 fiscal year, which ends in June 2017, was 5.4 percent of gross domestic product, down from 6.4 percent in the same period last year, Saeed said.
The Finance Ministry is currently preparing the budget for the 2017-18 fiscal year, which begins in July.
Source :Al Arabiya
- Wednesday ,28 November GMT 09:50 2018 Egypt, Saudi Arabia to strengthen economic ties in coming phase
GMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phaseGMT 15:23 2017 Tuesday ,12 December
Kuwait strikes $42.5 m loan agreement with EgyptGMT 19:30 2017 Monday ,11 December
Egypt's inflation falls to lowest this yearGMT 16:51 2017 Monday ,11 December
Saudi and Egypt lead Mideast market rally
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:46 2018 Wednesday ,12 December
Festive Fashion by Dubai-based designer ASMARAÏA
GMT 03:45 2017 Wednesday ,19 July
Lula gets nearly 10 years in jail for graft
GMT 08:29 2017 Friday ,03 March
Frustrated Malaysian police release North Korean suspect
GMT 12:35 2017 Sunday ,23 April
Fresh Israeli Breach of Lebanese Airspace
GMT 15:08 2017 Sunday ,16 April
Amazon, Flipkart battle in India for e-commerce’s ‘last frontier’
GMT 14:33 2018 Wednesday ,12 December
Political turbulence likely to continue unabated in 2019
GMT 19:09 2017 Monday ,17 April
Custodian of the Two Holy Mosques Meets Russia s Federation Council Speaker
GMT 01:13 2014 Saturday ,20 September
Sixth International Symphonic Music Festival, high-profile concerts
GMT 10:17 2017 Monday ,27 February
EU migrants set to be on agenda as UK Lords study Brexit bill
GMT 07:50 2017 Tuesday ,26 December
Justice minister receives U.S ambassador
GMT 11:07 2015 Friday ,25 September
Singapore criticises Indonesia over haze response
GMT 13:53 2017 Thursday ,09 March
Samsung Group chief denies all charges as "trial of the century" begins
GMT 14:31 2017 Monday ,11 December
Fire in southern California threatening another city
GMT 01:07 2017 Sunday ,10 December
Cuba stands by Syria and supports its fight
GMT 13:51 2016 Thursday ,10 November
Cooperation agreement signed with Italian firm
GMT 23:56 2017 Wednesday ,04 October
President, VP and Mohamed bin Zayed greet Governor-General of Tuvalu
GMT 07:52 2017 Saturday ,13 May
France's Macron angers ally with parliament picks
GMT 08:44 2017 Saturday ,11 November
UAE urges full compliance with Lebanon travel ban
GMT 10:03 2017 Sunday ,12 March
Bollywood legend Amitabh Bachchan apologizes for cancelling Egypt visitGMT 07:32 2012 Tuesday ,04 September
Abdelmalek Sellal made First Minister
GMT 18:59 2017 Thursday ,02 March
Duterte signs Paris pact on climate change
GMT 12:55 2016 Friday ,05 August
For Sheikh Mansour Festival
GMT 18:07 2017 Tuesday ,24 October
National Media Council honours UAE Pavilion partners at Astana EXPO 2017
GMT 15:06 2017 Monday ,01 May
'Furious 8' charges ahead to outpace 3 new releases
GMT 18:02 2017 Tuesday ,18 July
Senate Republicans balk at repeal vote
GMT 20:23 2017 Tuesday ,28 November
Sheikha Fatima receives wife of Colombian President
GMT 08:27 2018 Tuesday ,27 November
Eurasian Economic Union to protect itself from anti-Russian sanctions
GMT 14:55 2016 Wednesday ,02 March
Experience of using Russian combat aviation in Syria inspires optimism
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor