A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering August 21 to August 27.
Egypt hopes to attract $11 billion in foreign direct investment during FY 2018/19, Minister of Planning Hala El Saeed said, Reuters reported.
Egypt will start repaying the International Monetary Fund loan in May 2021 with a $2.75 billion repayment, according to Amwal Al Ghad.
The value of Egyptian-Chinese trade reached $7.5 billion in the first seven months of 2018, a 24% increase on the same period in 2017, according to Chinese trade data reported by MENA, Al Ahram wrote.
The Central Bank of Egypt has rejected proposals by the tax authority to provide the Ministry of Finance with access to private bank accounts, Al Ahram reported.
EU investment in Egypt has reached $15.1 billion, according to Minister of Trade Amr Nassar, Al Mal reported.
Investors in technological zones may be eligible for 50% tax breaks for up to three years under an incentive scheme revealed by communications minister Amr Talaat, according to Al Mal.
Egyptian Prime Minister Mostafa Madbouly on August 26 convened a meeting to discuss coordinating investment projects across all economic sectors, according to Al Ahram.