Egypt premier projects GDP growth of 6%

By ASSOCIATED PRESS
September 23, 2010 13:42

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

CAIRO— Egypt's prime minister is predicting the country's economy could grow by six percent in the current fiscal year, boosted by strong first quarter results in the key sectors.

The official MENA news agency quoted Ahmed Nazif on Thursday as saying that first quarter figures, to be released in October, show growth in tourism, exports and domestic investments.He said foreign investments had reached $6 billion. The report did not clarify the timeframe for that figure.



Egypt's GDP growth dropped from slightly over 7 percent in the three years preceding the global financial meltdown to 4.7 percent. GDP grew by 5.3 percent in the last fiscal year, and the government is targeting growth of 5.8 percent for the current fiscal year ending in June 2011.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
May 22, 2019
Turkey says it will not withdraw posts in Syria after government attacks

By REUTERS