A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering July 3 to July 9.
Egyptian state finances achieved a primary budget surplus in fiscal year (FY) 2017/18 for the first time in 15 years, according to the Ministry of Finance.
Prime Minister Mostafa Madbouly revealed that Egypt’s GDP increased by 5.4% during FY 2017/18, Amwal Al Ghad reported.
The Egyptian cabinet’s new four-year plan is targeting GDP growth of 8% by 2022, according to an official statement.
The government is increasing public investments by 64% in FY 2018/19, Minister of Planning Hala El Saeed said, Amwal Al Ghad reported.
Foreign reserves increased from $44.139 billion in May 2018 to $44.258 billion in June 2018, Central Bank of Egypt figures show.
Egyptian business activity in the non-oil private sector improved slightly in June but continued to decline due to lower output and new orders, according to Reuters.
The government will begin listing shares in state-owned companies in Q4 2018, planning minister Hala El Saeed has said, according to Amwal Al Ghad.
The Egyptian government is considering selling treasury bonds on the Egyptian exchange during the current financial year, Minister of Finance Mohamed Maait told Enterprise.
Egypt’s Industrial Development Bank saw profits rise by 11.33% in the first six months of 2018, Amwal Al Ghad reported.