Egypt expects its GDP growth to reach 4.6 per cent to 4.8 per cent in the 2017-18 fiscal year, Egypt's Finance Minister Amr El-Garhy was quoted as saying by Wam, the Emirates official news agency.

The country's GDP growth stood at 4.1 per cent for the 2016-17 fiscal year, an Egyptian presidency statement read yesterday, with Q4 growth amounting to 4.9 per cent and budget deficit down to 10.9 per cent from 12.5 per cent in the previous fiscal year.