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FinancialNews


  • 16-06-17

    Egypt's economy grows by 4.3pct in Q3 of 2016/17

    (MENAFN) Egypt's GDP increased 4.3 percent in the third quarter of last year and this year compared with the same period of the previous year.

    Moreover, the jump is a result of growth in several industries, involving communication, tourism and manufacturing.

    The nation's economy has been suffering since a 2011 uprising led foreign investors and tourists away, while the government hopes an USD12bn IMF lending program.

    Additionally, the balance of payments achieved a whole surplus of USD11bn in the Jan-Sep period of fiscal years 2016/17, which ends this month.

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