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Business
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Economy
10/19/2020 12:04:52 PM
All countries in the group, except Egypt, are projected to see negative growth in 2020, with a rebound to 2.2 percent growth in 2021, according to the IMF
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Business
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Economy
10/17/2020 2:25:18 PM
Over half of MENA’s people living in extreme poverty are below 15 years old and unemployment is worse among youth, stated the WB report
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Business
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Economy
10/17/2020 1:07:31 PM
The IMF has classified Egypt as a middle-income country
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Business
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Economy
10/17/2020 11:31:08 AM
The committee advised ensuring affordable energy access and energy security and addressing the challenges to economic and environmental vulnerabilities
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Business
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Economy
10/16/2020 6:43:42 PM
Climatic change in sub-Saharan Africa affects 13 million people and causes $520 mln in direct economic damages annually, according to the IMF
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Business
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Economy
10/15/2020 8:19:18 PM
In its 42nd communique, the IMFC said that a tentative global economic recovery is underway, supported by extraordinary macroeconomic policy responses
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Business
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Economy
10/15/2020 6:12:42 PM
The coronavirus crisis will have a severe effect in a number of global economic indices, possibly constituting the worse global recession since 1870, according to the World Bank
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Business
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Economy
10/15/2020 5:09:29 PM
To speed recovery, countries will need to maintaining core public and private sector businesses, while recognising that many businesses won’t survive the downturn, said World Bank Group president Malpass
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Business
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Economy
10/15/2020 1:45:24 PM
Egypt’s minister of international cooperation made her comments during her participation in the 'Global Economic Prospects' session of the annual International Monetary Fund and World Bank meetings
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Business
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Economy
10/14/2020 6:49:29 PM
Reaching a vaccine is expected to add $9 trillion to global income through 2025, which will narrow the financial gap between advanced countries, middle and low-income countries, said Georgieva
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Business
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Economy
10/14/2020 4:58:35 PM
Total lending commitments, as of the end of September, recorded SDR 196.65 billion (about $200 billion), including $16.5 billion allocated for countries as loans under the IMF’s SBA and RFI facilities
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Business
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Economy
10/14/2020 2:44:39 PM
The ratio is expected to start declining as of 2022 to reach 87.8 percent, reaching 77 percent in 2025, according to the report
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Business
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Economy
10/14/2020 10:34:42 AM
Egypt’s Minister of International Cooperation Rania Al-Mashat, participated in the meeting, and raised the alarm about the pandemic’s impact on economies in Africa and the Middle East
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Business
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Economy
10/13/2020 11:00:00 PM
Egypt's minister of international cooperation made her comments amid her participation in the high level discussion organised as part of the IMF and World Bank annual meetings that kicked off Monday
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Business
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Economy
10/13/2020 9:37:34 PM
Egypt’s GDP growth is expected to decline to 3.5 percent in 2020, down from 5.6 percent in 2019, and to continue to drop in 2021 to reach 2.8 percent
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Business
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Economy
10/13/2020 8:29:16 PM
More than 85 percent of countries around the world are expected to witness sub-zero growth in 2020, according the report
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World
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International
10/13/2020 7:14:29 PM
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Business
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Economy
10/13/2020 5:02:46 PM
Oil prices declined by 60 percent between February and April 2020 as the pandemic led to a collapse in global oil demand and concerns about storage capacity
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Business
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Economy
10/12/2020 10:41:00 PM
Meanwhile, short-term external debt stocks rose marginally by 1.5 per cent to reach $2.2 trillion at end-2019
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Business
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Economy
10/12/2020 3:34:57 PM
Lagarde noted that the pandemic has severely affected domestic activities, working attitudes, shopping, ways of purchasing, trading, and payments
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