US bank praises Egypt's economic measures
The Central Bank of Egypt
New York - Mena
The US Goldman Sachs bank praised on Wednesday economic measures taken by the Egyptian government and the Central Bank of Egypt to give a push to the Egyptian economy.
In its reports, Goldman Sachs described the fiscal picture in Egypt as “improving.”
The CBE seeks to make short-term economic changes with an aim of reducing the inflation rate from November to December 2017, GS said.
For the first time, Egypt targets a 0.4% surplus of the Gross Domestic Product in the 2017/2018 budget, the report noted.
In addition, the Egyptian government plans to reduce the debt-to-GDP ratio from 98.4 percent in the 2016/2017 FY to 87.7 percent in the 2017/2018 FY, the report added.
The report also expected the Egyptian pound to gradually increase against the US dollar.
Source : Mena
- Wednesday ,26 September GMT 09:09 2018 New Pakistan govt committed to make country corruption free: FM Qureshi
GMT 09:09 2018 Wednesday ,26 September
New Pakistan govt committed to make country corruption free: FM QureshiGMT 15:06 2017 Wednesday ,20 September
Nasr, US investors confer on joint business opportunitiesGMT 17:49 2017 Saturday ,25 March
US business spending picking up, but may slow in second quarterGMT 12:37 2017 Saturday ,18 March
US factory, consumer sentiment data boost economic outlookGMT 09:59 2017 Friday ,24 February
Baidu revenue slips anew amid ad clampdownRussia 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 launc...Read More
GMT 12:48 2018 Friday ,14 December
9.8 million dislikes: YouTube's most-hated video is now 'Rewind 2018'
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 15:42 2017 Tuesday ,18 July
Ahly beat Zamalek in Premier League last round
GMT 12:32 2018 Friday ,28 September
Germany ready to learn from Russia’s experience of hosting 2018 FIFA World Cup
GMT 17:34 2011 Monday ,16 May
Saudi stocks lack close link to crude oil
GMT 19:21 2017 Sunday ,02 July
UAE weather: Temperatures feel hotter than it shouldGMT 07:19 2012 Tuesday ,03 January
On a mission to conserve the environment
GMT 17:29 2016 Tuesday ,25 October
Daesh, Pakistani Taliban own up to killing of police officer
GMT 03:01 2017 Monday ,06 February
Beijing says Bangladesh power plant protest not aimed at China
GMT 00:32 2015 Tuesday ,17 February
Oman's chief Of staff meets Italian counterpart
GMT 07:49 2014 Tuesday ,09 December
Oil spill Israel's 'biggest ecological disaster'
GMT 21:17 2016 Wednesday ,17 August
Russian special forces kill 4 suspected North Caucasus militants in St. PetersburgGMT 00:36 2011 Thursday ,03 November
Scarlett Johansson sexy photo shootGMT 14:33 2012 Saturday ,04 February
Darfur crisis requires collective effort
GMT 20:49 2017 Tuesday ,21 February
At least 4 killed, 12 injured in 3 blasts in Charsadda, Pakistan
GMT 16:36 2016 Monday ,29 August
Libyan forces push into last Daesh-held areas of Sirte
GMT 20:48 2017 Sunday ,05 February
Alex univ. mourns victims of Nuweiba bus accident
GMT 01:29 2017 Sunday ,18 June
HM King congratulates President
GMT 10:29 2017 Friday ,01 December
Bali volcano burns wedding dreams, threatens economy
GMT 10:18 2016 Friday ,07 October
EU must be 'unyielding' on Brexit terms
GMT 21:59 2015 Sunday ,28 June
Azharite student one of 2 killed in Baheira blast
GMT 11:53 2016 Monday ,12 December
Acolytes of Pina Bausch keep her dance in motion
GMT 12:51 2018 Sunday ,21 January
Attack under way on Kabul luxury hotel
GMT 08:38 2018 Friday ,19 January
Wall idea not 'informed'
GMT 11:58 2017 Tuesday ,03 January
US sock it to Spain in Hopman Cup
GMT 04:28 2017 Monday ,06 February
First man on television speaks
GMT 05:18 2014 Sunday ,25 May
Quvenzhané Wallis named the new face of Armani JuniorGMT 13:05 2011 Monday ,26 September
Ghada Abdel Razaq not impressed by Ramadan TV dramas
GMT 15:42 2017 Wednesday ,27 December
Female inspectors clamp down on commercial concealmentGMT 11:10 2012 Tuesday ,12 June
Spatially aesthetic modern sofa
GMT 13:29 2017 Monday ,09 October
Formula One: Hamilton one of best all time, says Wolff
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor