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Egypt’s Q2 economic growth fastest in MENA – Cabinet

Egypt’s Q2 economic growth fastest in MENA – Cabinet
Iraq came in the second place with a 4.3% economic growth rate

Cairo – Mubasher: Egypt’s economy posted the highest quarterly growth rate in the Middle East and North Africa (MENA) region at 5.7% during the second quarter of 2019, according to data released by the cabinet’s media centre on Monday.

Iraq came in the second place with a 4.3% economic growth rate, followed by Israel, Kuwait, Morocco, and the UAE with 3%, 2.6%, 2.5%, and 2.2%, respectively.  

The faster pace of Egypt’s economic growth was ascribed to the implementation of economic reforms and infrastructure projects, the growth in net exports and private investments, as well as the expansion in gas discoveries.