• Sunday, 6 December 2020

    Also on our radar on 6 December 2020

    Still more metro + railway news: Bombardier is set to begin manufacturing in 1Q2021 the railcars for the two planned monorails that will link Sixth of October City to Giza and Nasr City to the new capital, under a USD...
  • Thursday, 3 December 2020

    Gov’t investment portfolio to go 100% green by 2023

    Egypt is doubling down on its plans to go green, with a strategy to exclusively back green projects by 2023, said Planning Minister Hala El Said at the Egypt Economic Summit yesterday, according to a ministry statement. The minister had...
  • Sunday, 6 September 2020

    Egyptian economy grows at 3.5% clip in FY2019-2020

    Egypt’s economy grew 3.5% in FY2019-2020, falling short of the 3.8% preliminary figure announced in July, Planning Minister Hala El Said said during Thursday’s weekly cabinet meeting. The figure is also in line with government forecasts in June, but was...
  • Thursday, 3 September 2020

    Health, financial services among four new sub-funds announced by Sovereign Fund of Egypt

    The Sovereign Fund of Egypt (SFE) has set up four sub-funds covering healthcare, financial services, tourism and real estate, and infrastructure, Al Shorouk reports, citing an announcement by Planning Minister Hala El Said published in the Official Gazette on Wednesday....
  • Wednesday, 20 May 2020

    Egypt’s economic recovery post-covid will likely be U-shaped, El Said says

    Egypt’s economic recovery post-covid is most likely to be U-shaped, rather than V- or W-shaped, Planning and Economic Development Minister Hala El Said said during a webinar hosted yesterday by our friends at AmCham. El Said reiterated that the government...
  • Tuesday, 19 May 2020

    Sovereign Fund of Egypt is putting healthcare and pharma storage at the forefront of its sub-fund plans amid covid-19

    Sovereign Fund is putting healthcare and pharma storage at the forefront of its sub-fund plans amid covid-19: The covid-19 pandemic has prompted the Sovereign Fund of Egypt (SFE) to recalibrate its priorities for the sub-funds it plans to set up,...
  • Wednesday, 22 April 2020

    Gov’t revises downward Egypt’s GDP growth for next fiscal year

    The government has revised downward its target GDP growth for FY2020-2021 to 3.5% from 4.5%, said Planning Minister Hala El Said, according to a cabinet statement. Projections for the current fiscal year have also been amended to 4.2%, down from...
  • Tuesday, 14 April 2020

    FinMin leaves FY2020-2021 GDP growth figures unchanged from pre-covid expectations

    BUDGET WATCH- In a climate of global uncertainty, the Finance Ministry is leaving its projection for FY2020-2021 GDP growth unchanged for the moment, suggesting the figure will come in at 4.5%, according to the draft budget (pdf) released yesterday. The...
  • Monday, 3 February 2020

    What we’re tracking on 3 February 2020

    The results of the 2020 Enterprise Reader Survey are in. Altogether, businesses in Egypt say they fared relatively well in 2019 and optimism is making a comeback for 2020. Other key takeaways from the poll, which we carry in full...

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