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Decline in Egypt's exports partly due to the instability
being witnessed in a number of Arab markets

Egypt economy 'set to grow by 5pc'

CAIRO, October 14, 2015

Egyptian Investment Minister Ashraf Salman said his country's economy grew by 4.1 per cent in the financial year that ended in June and projected it would grow by 5 to 5.2 per cent in the year to next June.

Salman added in a speech at a lunch banquet sponsored by the American Chamber of Commerce that Egypt is targeting $10 billion in foreign direct investment for the current financial year.

The government hopes to cut unemployment from 11.2 per cent to 10.6 per cent this financial year, Salman said. - Reuters




Tags: Egypt | economy | investment |

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