Goldman Sachs economist, Farouk Soussa indicated that estimates suggest the ministry received approximately EGP 240 billion from the initial tranche of the Ras El Hekma deal with the UAE
In a note seen by the Arab World News Agency, Goldman Sachs projects that the country’s real GDP growth will average between 6-6.5% for FY2025/2026
The minister reassured that there would be no additional tax burdens imposed on investors in FY2024/2025
The document highlighted boosting exports, tourism and Suez Canal revenues, remittances, FDIs, and strengthening the outsourcing sector
Egypt’s economy has been able to navigate global crises with positivity and flexibility in the past few years, explained Maait in an official statement on Tuesday
