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Egypt to add 400,000 jobs a year in massive industry overhaul

RIYADH: Egypt wants to boost the economic contribution of manufacturing, telecoms and agriculture while adding as many as 460,000 industry jobs each year, said Planning Minister Hala Al-Saeed.
Its current reform program aims to boost the contribution of manufacturing, agriculture, telecommunications and information technology sectors to as much as 35 percent of GDP by 2024, compared to 26 percent in the 2019-2020 period, said the planning minister, Asharq Business reported.
The National Program for Structural Reforms aims at increasing industry’s contribution to GDP to 15 percent by 2024.
The country plans to provide 400,000 to 460,000 new job opportunities in the sector annually over the period, she said. ....

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Egypt central bank forecast to leave interest rates unchanged

2 Min Read
Central Bank of Egypt s headquarters is seen amid the coronavirus disease (COVID-19) pandemic in downtown Cairo, Egypt February 25, 2021. REUTERS/Mohamed Abd El Ghany
CAIRO (Reuters) - Egypt’s central bank is likely to leave its overnight interest rates on hold on Thursday, a Reuters poll showed, as inflation remained below target and growth appeared to be picking up.
Of 16 analysts polled, 15 believed the Central Bank of Egypt (CBE) would leave rates unchanged at its regular monetary policy committee meeting. One predicted a cut of 50 basis points (bps).
The central bank slashed its benchmark rate by 300 bps last March and another 50 bps each in September and November. The overnight lending rate is now 9.25% and the overnight deposit rate 8.25%, their lowest since July 2014. ....

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Egypt Central Bank Expected to Leave Interest Rates Unchanged

Tuesday, 16 March, 2021 - 11:45
Egypt’s central bank is likely to leave its overnight interest rates on hold. (AFP)
Cairo - Asharq Al-Awsat
Egypt’s central bank is likely to leave its overnight interest rates on hold on Thursday, a Reuters poll showed, as inflation remained below target and growth appeared to be picking up.
Of 16 analysts polled, 15 believed the Central Bank of Egypt (CBE) would leave rates unchanged at its regular monetary policy committee meeting. One predicted a cut of 50 basis points (bps).
The central bank slashed its benchmark rate by 300 bps last March and another 50 bps each in September and November. ....

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Egypt central bank forecast to leave interest rates unchanged

Egypt central bank forecast to leave interest rates unchanged
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Egypt's economy grew an annualised 2% in Q2 of fiscal year 2020-2021 - minister

Egypt's economy recorded an annualised growth rate of 2% in the second quarter of its 2020-2021 fiscal year, and 1.35% in the first half of the same, Planning Minister Hala al-Saeed said in a statement on Wednesday. ....

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