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FINANCIAL NEWS
Egypt to cut poverty rate to 15%
30 Sep 2010
(MENAFN) Egypt’s Economic Development Minister said that the country’s poverty rate could be reduced to 15 percent from 20 within five years, Reuters reported.
Egypt is the Arab world’s most populous state with an estimated population of 78 million. A fifth of Egypt’s population lives on less than a dollar a day, according to the United Nations.
Egypt’s finance minister said in a conference in Cairo on Tuesday he saw the country’s economy growing 6 percent in the financial year ending in June 2011.
The economy grew by 5.2 percent in 2009/10 and 4.7 percent in 2008/09.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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