Egyptian economy is sound and improving
Egypt, Economics, 12/25/1997

A report issued by the Information Center, which is an affiliate of the Egyptian Cabinet, showed that the Egyptian Inflation rate declined to 4% during the month of October this year compared to 7% during the same month last year.

The report also showed that savings in Egyptian banks including government banks increased to L.E. 203 billion at the end of August compared to L.E. 179 billion during the same month of 1996.

The report also showed that Egyptian exports during the period between January and August of the current year were worth L.E. 8.894 billion compared to L.E. 8.379 billion in 1996. The imports during the same period were worth L.E. 29.248 compared to L.E. 29.276 during the same period in 1996.

The companies which were approved to be set up during the same period of the current year were 2610 whose issued capital is L.E. 17.171 compared to 2517 companies whose capital was L.E. 14.190 in 1996.

Previous Stories:
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  Insurance companies' investments reach record highs   (9/30/1997)

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