Gulf Newsbreak
    What's Hot

    Canadian legislature laughs after Biden accidentally applauds China

    March 25, 2023

    First A380 service to Bali to be launched by Emirates

    March 24, 2023

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023
    • Home
    • Contact Us
    Facebook Twitter Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    Business

    Egyptian GDP grew 6.6 percent in FY 2021/22 – Prime Minister

    August 29, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    In the previous fiscal year 2021/2022, Egypt’s economy grew by 6.6 percent, compared to a growth rate of 3.3% in the year prior. This was revealed in a statement released by Prime Minister Moustafa Madbouli. As reported by the state news agency, the minister made the remarks during a press conference at the Cabinet’s headquarters in New Alamein City.

    Egyptian GDP grew 6.6 percent in FY 2021/22 - Prime MinisterDuring the last quarter of the previous fiscal year, the Russian-Ukrainian war and its impact on the country’s development rates made things really difficult, the premier explained, noting that Egypt’s projected growth rate for the end of the fiscal year had been estimated at 6.2 percent.

    He added that the country’s unemployment rate has stabilized at 7.2 percent, which he described as a positive sign given the current economic situation. He explained that the real challenge for the State is to deal with the global phenomenon of high inflation rates. He revealed that Egypt’s inflation rate has reached a staggering 14.6 percent at the moment.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    A gold price peak may be near – and it may last

    March 23, 2023

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    In JV with SEG ENERA, AD Ports enters Uzbekistan logistics

    March 6, 2023

    Dollar slips as investors await Powell testimony

    March 6, 2023

    UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals

    February 27, 2023
    Latest News

    Canadian legislature laughs after Biden accidentally applauds China

    March 25, 2023

    Canadian MPs laughed when US President Joe Biden corrected himself after praising China’s immigration policies…

    First A380 service to Bali to be launched by Emirates

    March 24, 2023

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    A gold price peak may be near – and it may last

    March 23, 2023
    Business

    A gold price peak may be near – and it may last

    March 23, 2023

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023
    News

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Travel

    Dubai airline flydubai announces AED1.2 billion profit for 2022

    March 1, 2023

    Dubai Holding acquires full control of the Westin Paris – Vendome

    February 27, 2023

    Net profit at Air Arabia increased by 70 percent in 2022

    February 17, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.