6% economy growth for Egypt: Planning Minister

The minister of planning & economic development, Hala Al-Saeed, noted that the country would witness a growth of 6% in the ongoing fiscal year.

Egypt: The minister of planning & economic development, Hala Al-Saeed, noted that the country would witness a growth of 6% in the ongoing fiscal year. This is a good recovery sign for the middle east country. The economy of Egypt was disturbed by the contagious COVID-19 pandemic.

Hala Al-Saeed, asserted, “The likely result is driven by the growth spurt of 9.8 per cent that was achieved in the first quarter of the year, which is the highest growth rate in 20 years, as a result of which international institutions have raised their forecast for the Egyptian economy”.


Despite the challenges thrown by the novel coronavirus viral illness, the middle east country managed to achieve a growth of 3.3% in the year 2020-2021, while 3.6% for the fiscal year of 2019-2020.

The remarks were made by the minister during the opening session of the Sustainable Development Week at the headquarters of the Arab League in Cairo.

The minister noted several policies were also made by the country’s government to revive the drowning economy, which has proven to be successful. Not only for the economy, but policies were also made to liberalise trade, reform the vocational training system, and develop capital markets, as aimed by the National Program for Structural Reforms.

There are a total of three phases in the National Program for Structural Reforms. The first phase of the reform was launched in 2016, and the second phase started the previous year in April 2021.

Since the beginning of the pandemic, more than 453,000 confirmed infections of the viral disease have been reported by the Egyptian healthcare authorities, till now. Meanwhile, so far, there are a total of 23,292 individuals who have lost their lives to the deadliest virus.

Around 38.3% of the total population is vaccinated with one dose, whereas about 27.8% of the total population is fully inoculated.




Tariq Saeed


Please enter your comment!
Please enter your name here

Read More

Conference held for charitable work in United Arab Emirates

The Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, in cooperation with the Network of Institutions, in United Arab Emirates.

Dubai: Emirates to resume flights to five African nations from Jan 29

Recently, Emirate airlines announced that the flights would be resumed between Dubai and five African countries from January 29, Saturday. As per the latest information...

UAE: Dubai Police Museum records 4,476 visits in 2022, says reports

United Arab Emirates: Dubai Police Museum has recently updated that around 4,476 visitors were welcomed to the premises in 2022. The Dubai Police Department has reported a significant increase in the past year. 


Dubai issues more than 24,000 business licences in first three months

Dubai issues a total of 24,662 new business licences in the initial three months of the year, which is 58% more than the same period in 2021, as the emirate continues to recover from the after-effects of the COVID-19 pandemic.

UAE Ministers says that EXPO 2020 gave hope for a better future

The Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, Sheikh Nahyan bin Mubarak Al Nahyan, said that EXPO 2020 Dubai had provided hope to the entire world for a better future particularly amid the ongoing COVID-19 pandemic.

UAE: The Wow Club-Women on Wanderlust defines Dubai’s luxury offerings

United Arab Emirates: One of the leading women's travel groups of India based in Bengaluru, The Wow Club- Women on Wanderlust, has been on their trip to United Arab Emirates (UAE), visiting and site seeing top travel destinations in Dubai.