{"id":671325,"date":"2025-09-04T00:00:00","date_gmt":"2025-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/04\/gdp-growth-picks-up-to-4-5-in-fy-2024-25-2\/"},"modified":"2025-09-04T00:00:00","modified_gmt":"2025-09-04T00:00:00","slug":"gdp-growth-picks-up-to-4-5-in-fy-2024-25-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/04\/gdp-growth-picks-up-to-4-5-in-fy-2024-25-2\/","title":{"rendered":"GDP growth picks up to 4.5% in FY 2024-25"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>Happy Mawlid Al Nabi and welcome to a long-awaited long weekend. With more time on your hands, there\u2019s much to do and see, and we\u2019ve got you covered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Have you found yourself marvelling at small beauties lately? <\/strong>Well, how about you dedicate some time to properly peruse Cairo\u2019s art galleries and exhibitions? In this week\u2019s edition of The Enterprise Guide, we\u2019re listing down our favorite artsy havens and exhibitions you shouldn\u2019t miss out on.<\/p>\n<p class=\"tag-border-left\"> ?\ufe0f LAST WEEK IN 3 MINS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ECONOMY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>T<\/strong><strong>he economy grew at a 4.5% clip during the fiscal year 2024-2025<\/strong>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bab7fde0-b838-45a2-8824-622c4caef1cc\/gdp-growth-picks-up-to-4.5%2525-in-fy-2024-25\" style=\"\" rel=\"noopener\">exceeding<\/a> the 4.2% penciled in in the draft budget and almost doubling y-o-y from the 2.4% recorded in FY 2023-2024, Finance Minister Ahmed Kouchouk said during a presser attended by EnterpriseAM earlier this week. External debt fell USD 1 bn last fiscal year, and by about USD 4 bn over the past two years, this pushed the debt-to-GDP ratio to 85.6% in June 2025 from 89.4% in June 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BANKING-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local banks are starting to lower interest rates<\/strong> on savings products following the central bank\u2019s 200 bps rate cut last week, with Banque Misr and the National Bank of Egypt (NBE) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c9c5927-5f4f-4e63-a33a-d95f5828f08b\/%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253ebanks%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253estart%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elowering%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253einterest%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253erates%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esavings%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eproducts%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">leading the way<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INVESTMENT WATCH- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China Energy Engineering Corporation (CEEC) is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/254d5cc0-4530-470e-bdc0-0c2e7da1f269\/%253cmark%253echina%253c%2Fmark%253e%253cmark%253e-energy%253c%2Fmark%253e%253cmark%253e-engineering%253c%2Fmark%253e%253cmark%253e-to%253c%2Fmark%253e%253cmark%253e-invest%253c%2Fmark%253e%253cmark%253e-usd%253c%2Fmark%253e%253cmark%253e-1%253c%2Fmark%253e%253cmark%253e-bn%253c%2Fmark%253e%253cmark%253e-in%253c%2Fmark%253e%253cmark%253e-egypt%253c%2Fmark%253e%253cmark%253e-over%253c%2Fmark%253e%253cmark%253e-next%253c%2Fmark%253e%253cmark%253e-five%253c%2Fmark%253e%253cmark%253e-years%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">looking to invest USD 1 bn in Egypt<\/a><\/strong> <strong> over the next five years<\/strong> in desalination, renewables, and energy storage, Chairman Ni Zhen told Prime Minister Moustafa Madbouly on the sidelines of the Shanghai Cooperation Organization Plus summit. The company is also in talks with the Electricity Ministry over the possibility of investing in power generation, Zhen said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will begin construction of a long-stalled gas pipeline with Israel next year<\/strong>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c9c5927-5f4f-4e63-a33a-d95f5828f08b\/banks-start-lowering-interest-rates-on-savings-products\" style=\"\" rel=\"noopener\">a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c9c5927-5f4f-4e63-a33a-d95f5828f08b\/banks-start-lowering-interest-rates-on-savings-products\" style=\"\" rel=\"noopener\">government source told EnterpriseAM<\/a>, adding that the project was agreed to years ago, but was put on hold due to financial issues and geopolitical turmoil. This comes as we prepare to more than double Leviathan gas imports under the recently inked USD 35 bn agreement to send 130 bn cubic metres of gas to Egypt from 2026 through 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DEBT WATCH- <\/strong><\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>#1- <\/strong><strong>The Madbouly government plans to take <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f22c7ac-a2c0-4be7-a6ee-3724ad8d1e76\/gov%25e2%2580%2599t%253cmark%253e%253cmark%253e-to%253c%2Fmark%253e%253c%2Fmark%253e%253cmark%253e-take%253c%2Fmark%253e%253cmark%253e-egp%253c%2Fmark%253e%253cmark%253e-25%253c%2Fmark%253e%253cmark%253e-bn%253c%2Fmark%253e%253cmark%253e-worth%253c%2Fmark%253e%253cmark%253e-of%253c%2Fmark%253e%253cmark%253e-local%253c%2Fmark%253e%253cmark%253e-sukuk%253c%2Fmark%253e%253cmark%253e%253cmark%253e-to%253c%2Fmark%253e%253c%2Fmark%253e%253cmark%253e-market%253c%2Fmark%253e-in-fy%253cmark%253e-25%253c%2Fmark%253e-26\" style=\"\" rel=\"noopener\">EGP 25 bn worth of local sukuk to market<\/a><\/strong><strong> this fiscal year<\/strong>, with the first issuance to take place before the end of 2025, a senior government official told EnterpriseAM. The Finance Ministry has finalized the sukuk program\u2019s schedule, the source said, adding that the issuances will come in the form of short- and medium-term tranches.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Gov\u2019t ramps up borrowing target for the month<\/strong>: The Finance Ministry has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09ef0c8e-bf68-4502-a100-6476f08204af\/egypt-ramps-up-borrowing-target-for-september-on-strong-demand\" style=\"\" rel=\"noopener\">upped its monthly borrowing target<\/a> for September to EGP 838 bn, a 25% jump from August\u2019s EGP 670 bn, a government source told EnterpriseAM. This move comes in response to the heightened demand from investors for local debt instruments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIPLOMACY- <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and Qatar are moving closer to activating the USD 7.5 bn Qatari direct investment package<\/strong>. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad1a9544-24c0-4f22-a00b-d96d70d9c670\/%253cmark%253eegypt%253c%2Fmark%253e,%253cmark%253e-qatar%253c%2Fmark%253e-move%253cmark%253e-to%253c%2Fmark%253e-activate%253cmark%253e-usd%253c%2Fmark%253e%253cmark%253e-7.5%253c%2Fmark%253e%253cmark%253e-bn%253c%2Fmark%253e%253cmark%253e-investment%253c%2Fmark%253e%253cmark%253e-package%253c%2Fmark%253e,-sign-new-cooperation-agreements\" style=\"\" rel=\"noopener\">meeting<\/a> between Egyptian Prime Minister Moustafa Madbouly and his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al Thani addressed steps to activate the investment package, which was first announced during President Abdel Fattah El Sisi\u2019s visit to Qatar in April, and reviewed ways to facilitate Qatari investments and engagement with Egypt\u2019s business community.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AUTOMOTIVE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Auto sales fell 4.9% m-o-m in July to 15.6k units from <\/strong><strong>June\u2019s 16.4k<\/strong>, according to figures from the Automotive Marketing Information Council (Amic) seen by EnterpriseAM. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccbd31fe-5dea-4213-a113-58fc4cad60a8\/%253cmark%253eauto%253c%2Fmark%253e%253cmark%253e-sales%253c%2Fmark%253e-slip-for-first-time%253cmark%253e-in%253c%2Fmark%253e-six-months%253cmark%253e-in%253c%2Fmark%253e%253cmark%253e-july%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">The dip comes after five straight months of gains<\/a> which started in February, though July still marked the second-highest total vehicle count since June 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AROUND THE WORLD IN SEVEN DAYS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/398.jpg?ssl=1\"\/><\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>Tariffs hit a snag: <\/strong>A US court of appeals <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/08\/30\/trump-trade-tariffs-appeals.html\" style=\"\" rel=\"noopener\">ruled<\/a> last Friday that President Trump\u2019s aggressive trade agenda is overstepping his presidential authority. The ruling blocks sweeping tariffs on all imports from countries, but does not affect tariffs on specific industries like steel, aluminum, and autos.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE US- <\/strong>Gold prices <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d0c79387-3dce-4b7d-9581-66808b653863\" style=\"\" rel=\"noopener\">rose<\/a> to fresh highs as traders reacted to a weakening greenback and expectations of a Fed rate cut this month. The price of gold rose above USD USD 3.5k per ounce this week. Meanwhile, silver hit a 14-year high of USD 41.00 per ounce. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN THE BUSINESS PRESS- <\/strong>Nestle fired CEO Laurent Freixe after an <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c541820a-3922-4d23-b87b-4f2eb197c6b6\" style=\"\" rel=\"noopener\">investigation<\/a> confirmed he breached the company\u2019s code of conduct by engaging in an \u201cundisclosed romantic relationship\u201d with a direct subordinate. The move takes place exactly a year after he took office. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Google won\u2019t have to sell Chrome after all: <\/strong>Tech giant Google <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/25863491-1f19-4deb-95a2-fa18ee84eabb\" style=\"\" rel=\"noopener\">will not be forced to sell<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/25863491-1f19-4deb-95a2-fa18ee84eabb\" style=\"\" rel=\"noopener\">Chrome<\/a> or Android, according to the US Department of Justice ruling, instead it will be required to share more data with competitors and limit its exclusive distribution contracts \u2014 including its exclusive partnership with Apple for its Gemini chatbot. The ruling follows last year\u2019s verdict that Google illegally monopolized the online search market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A magnitude 6.0 earthquake in Afghanistan left over 1k dead and 2.8k injured late Sunday<\/strong>. The quake struck 27 km from Jalalabad, with its impact felt in the Afghan capital of Kabul 161 km away, CNN <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/08\/31\/asia\/afghanistan-earthquake-killed-injured-latam-intl\" style=\"\" rel=\"noopener\">reported<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another natural disaster followed<\/strong>, with a landslide in western Sudan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/ar\/news\/story\/52234bd9-f597-49ef-9c55-68e9f70a879a\/%25d8%25a7%25d9%2584%25d8%25ad%25d9%2583%25d9%2588%25d9%2585%25d8%25a9-%25d8%25aa%25d8%25ae%25d8%25b7%25d8%25b7-%25d9%2584%25d8%25a5%25d8%25b5%25d8%25af%25d8%25a7%25d8%25b1-%25d8%25a3%25d9%2588%25d9%2584-%25d8%25b5%25d9%2583%25d9%2588%25d9%2583-%25d8%25b3%25d9%258a%25d8%25a7%25d8%25af%25d9%258a%25d8%25a9-%25d9%2585%25d9%2582%25d9%2588%25d9%2585%25d8%25a9-%25d8%25a8%25d8%25a7%25d9%2584%25d8%25ac%25d9%2586%25d9%258a%25d9%2587-%25d9%2582%25d8%25a8%25d9%2584-%25d9%2586%25d9%2587%25d8%25a7%25d9%258a%25d8%25a9-%25d8%25a7%25d9%2584%25d8%25b9%25d8%25a7%25d9%2585#:~:text=1%23%2D%20%D9%83%D8%A7%D8%B1%D8%AB%D8%A9%20%D8%B7%D8%A8%D9%8A%D8%B9%D9%8A%D8%A9,%7C%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">killing<\/a> at least 370 people. The Sudan Liberation Movement, which is in control of the affected Marra Mountains area, claimed that the death toll surpassed 1k. The landslide was triggered by days of heavy rain, and left the village of Tarasin flattened. The natural disaster is among the deadliest in Sudan\u2019s recent history. <\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>Israeli airstrikes on Yemen <\/strong><strong><a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/08\/30\/middleeast\/yemen-houthis-prime-minister-israel-intl\" style=\"\" rel=\"noopener\">killed Houthi\u2019s Prime Minister<\/a><\/strong><strong> Ahmed Al Rahawi <\/strong>and several political leaders last Thursday. The news came as Hamas also confirmed the death of military chief Mohammad Sinwar.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>ALSO- <\/strong>Israel said it <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-says-it-has-killed-hamas-spokesman-in-gaza-city-strike-ahead-of-planned-invasion-19436f8e\" style=\"\" rel=\"noopener\">killed<\/a> Hamas spokesman Abu Obeida on Saturday. Israeli Defense Minister Israel Katz said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Israel_katz\/status\/1962136041902543035\" style=\"\" rel=\"noopener\">post<\/a> on X that forces have \u201celiminated\u201d the masked spokesman.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">\u2600\ufe0f THE WEATHER THIS WEEKEND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re in for a warm time<\/strong>, with temperatures in Cairo set to peak at 34-36\u00b0C over the long weekend, before cooling down to 22-23\u00b0C. Spending the weekend up north? We\u2019re expecting highs of 28-29\u00b0C and lows of 26-27\u00b0C, according to our favorite weather app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">?\ufe0fHAPPENING THIS WEEKEND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Show off your trivia skills with Chipmunk\u2019s famous <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DNyZkyOWiGN\/?img_index=2\" style=\"\" rel=\"noopener\">Trivia Night<\/a><\/strong> at Darb 15. Prepare yourself for some friendly competition and join tomorrow. Register through the link in their Instagram bio. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opt for a slow morning and join Darb 15\u2019s Cairo Morning Club<\/strong> for <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DN3dQJ2WigJ\/?img_index=1\" style=\"\" rel=\"noopener\">Minimalism: Less is<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DN3dQJ2WigJ\/?img_index=1\" style=\"\" rel=\"noopener\">More<\/a>. Breathwork, meditation, journaling, and intentional conversations are all part of the agenda on Friday. Book your spot through the link in their Instagram bio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some of your favorite comedians are taking the stage<\/strong> for the <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DNnw7o7CEKY\/\" style=\"\" rel=\"noopener\">Stand Up Comedy Show<\/a> at Theatro Arkan. Laugh the night away on Friday and get your tickets on <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/7228\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e9<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customize your own rug in a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DNyZkyOWiGN\/?img_index=1\" style=\"\" rel=\"noopener\">tufting workshop<\/a><\/strong> with Tuft Egypt at Darb 15. Join the creative session on Saturday and register through the link in their Instagram bio. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Channel your passion for jewelry and make your own<\/strong> with Joud\u2019s <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DN5ivA-jcTy\/?img_index=1\" style=\"\" rel=\"noopener\">Wearable Suncatcher<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DN5ivA-jcTy\/?img_index=1\" style=\"\" rel=\"noopener\">Workshop<\/a> at Darb 15. Enjoy the experience of wearing light-catching accessories. Join on Saturday and secure your spot through the link in their Instagram bio. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re in for another musical night with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DNQpBymoybH\/?hl=en\" style=\"\" rel=\"noopener\">Medhat Saleh<\/a><\/strong> led by Maestro Amro Selim alongside a performance by Mai Farouk at Marassi\u2019s Address Beach Resort. Don\u2019t miss it on Saturday and get your tickets through <a target=\"_blank\" href=\"https:\/\/marassi.ticketsmarche.com\/event\/6922\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e9<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">?\ufe0fHAPPENING NEXT WEEKEND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good news, friends: We\u2019ve got some squash to look forward to this <\/strong><strong>September<\/strong>. Running from Friday, 12 September to Friday, 19 September, the <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DNxr1EKYmNj\/\" style=\"\" rel=\"noopener\">CIB Egyptian Squash Open 2025<\/a> \u2014 headlined by World No. 1s Mostafa Asal and Nouran Gohar \u2014 will be taking place right by the Great Pyramids of Giza, with opening games at Club O West. Ticket details are yet to be confirmed, but we\u2019d suggest keeping an eye out for them on the tournament\u2019s <a target=\"_blank\" href=\"https:\/\/cibegyptiansquashopen.net\/info\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Address Beach Resort is where the fun never stops.<\/strong> Megastars <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DMxQC-WIKqE\/?hl=en&img_index=5\" style=\"\" rel=\"noopener\">Wael Gassar and Reham<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DMxQC-WIKqE\/?hl=en&img_index=5\" style=\"\" rel=\"noopener\">Abdelhakim<\/a> will give electric performances at Marassi on Saturday, 13 September. Head over to <a target=\"_blank\" href=\"https:\/\/marassi.ticketsmarche.com\/event\/6923#ticketsbuy\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e9<\/a> for tickets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. Happy Mawlid Al Nabi and welcome to a long-awaited long weekend. With more time on your hands, there\u2019s much to do and see, and we\u2019ve got you covered. Have you found yourself marvelling at small beauties lately? Well, how about you dedicate some time to properly peruse Cairo\u2019s art galleries and exhibitions? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":671326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7287],"tags":[104,93,6653,348,125,6654],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-week-in-review","tag-economy","tag-energy","tag-enterprise-weekend","tag-gdp","tag-investment-watch","tag-the-week-in-review","wpautop","entry"],"acf":{"mongo_id":"6fcf9bd1-1a41-44ad-911a-3cb66c68f939","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/7\/2549.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GDP growth picks up to 4.5% in FY 2024-25","related_issue":[671323],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.5b0bef6c-240f-4909-b203-391ba7a5afb5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GDP growth picks up to 4.5% in FY 2024-25 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/04\/gdp-growth-picks-up-to-4-5-in-fy-2024-25-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDP growth picks up to 4.5% in FY 2024-25\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. Happy Mawlid Al Nabi and welcome to a long-awaited long weekend. With more time on your hands, there\u2019s much to do and see, and we\u2019ve got you covered. Have you found yourself marvelling at small beauties lately? Well, how about you dedicate some time to properly peruse Cairo\u2019s art galleries and exhibitions? 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fiscal year to 5.1%: The government has cut its GDP growth forecast for the fiscal year ending in June 2020 to 5.1% from 5.6% as the covid-19 outbreak takes its toll on the global economy, said Planning Minister Hala El Said, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/320.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590561,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/the-economy-grew-4-2-in-fy-2022-23-preliminary-figures-show\/","url_meta":{"origin":671325,"position":1},"title":"The economy grew 4.2% in FY 2022-23, preliminary figures show","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"Growth is expected to remain at 4.2% this year, according to a Reuters poll","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/865.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579278,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/imf-trims-egypt-growth-forecast\/","url_meta":{"origin":671325,"position":2},"title":"IMF trims Egypt growth forecast","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"The IMF has cut its economic growth forecast for Egypt, saying it sees GDP growing 4.0% this year, a 0.4 percentage point trim from its previous forecast in October, according to its updated World Economic Outlook released yesterday (here and here, pdf). That\u2019s in line with forecasts from the Madbouly\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570803,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/the-coronavirus-will-trigger-the-worst-global-recession-since-the-great-depression-in-mena-only-egypts-economy-will-grow-this-year-imf\/","url_meta":{"origin":671325,"position":3},"title":"The coronavirus will trigger the worst global recession since the Great Depression; in MENA, only Egypt\u2019s economy will grow this year \u2013IMF","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"The coronavirus will trigger the worst global recession since the Great Depression, the IMF predicts: The world is facing its greatest economic crisis since the Great Depression as output plummets at a record pace in response to the \u201cGreat Lockdown\u201d put in place to contain covid-19, the IMF warned yesterday.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/138.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585774,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/economy-set-to-grow-4-0-this-fiscal-year-reuters\/","url_meta":{"origin":671325,"position":4},"title":"Economy set to grow 4.0% this fiscal year -Reuters","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"Growth is set to pick up again in the next two years","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/953.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618777,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/19\/the-blackouts-are-back-plus-regional-tension-is-growing\/","url_meta":{"origin":671325,"position":5},"title":"The blackouts are back. Plus: regional tension is growing","author":"enterpriseam admin","date":"19 April 2024","format":false,"excerpt":"Good morning, and happy Friday. Eid is over and we are all back in town and maybe it\u2019s time to see Cairo again through a different lens.This begs the question, why stay indoors when you can attend the AUC Culturefest? In our guide this week we share the lowdown on\u2026","rel":"","context":"In &quot;THE WEEK IN REVIEW&quot;","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/147.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=671325"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671325\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/weekend\/671323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671326"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671325"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671325"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}