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Egypt should take part in virtual international tourism exhibitions that play a critical role in the recovery of tourism, Kaoud said

Total trade volume between the two countries has steadily increased over the last few years and crossed the £2.1 billion mark in 2019

In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expected to stabilize below pre-pandemic levels in 2021

The minister unveiled that investments in roads and bridges amounted to about EGP 14 billion in 2018, bringing the proportion of investments to EGP 26 billion in 2019 and then to about EGP 28 billion in 2020

The CIB’s shares were traded today at EGP 62, down from EGP 66.5 before the bank’s crisis, witnessing a trade volume of 3.5 million shares during Sunday’s session

Azour reveal to Ahram Online that Egypt is expected to witness an inflation rate of 5.7% in 2020, and 6.2% in 2021, adding that Egypt is to receive around $1.6 billion as a second tranche of the one-year SBA loan in December

The minister noted that the projects will align with the ministry’s principles of economic diplomacy to strengthen the ‘Global Partnerships for Effective Development’

The EJB also said that new legislation should be drafted to reduce the risks of digital currency use

Nguyen's statements came during a press briefing held on Monday to launch the WB’s economic outlook update for MENA.

The WB has highlighted the African Continental Free Trade Area (AfCFTA) as a model of trade integration that would connect 1.3 billion people and have a combined GDP of $3.4 trillion

The World Bank projects Egypt’s real GDP per capita growth to record 1.7 percent in 2020, down from 3.7 percent in 2019, and to continue its downturn to reach 0.6 percent in 2021

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

Khaled Kacem of Shell said in comments that optimising operations for efficiency and longevity could bolster market resilience amid the Covid-19 crisis

Average inflation rate is expected to reach 5.9 percent by the end of 2020, up from the current level of 3.3 percent announced in October, according to Fitch Solutions

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

It is hoped 30 percent of investments will be allocated for green projects in the coming FY 2021/2022 budget, El-Said stated

The IMF has classified Egypt as a middle-income country

The committee advised ensuring affordable energy access and energy security and addressing the challenges to economic and environmental vulnerabilities

Climatic change in sub-Saharan Africa affects 13 million people and causes $520 mln in direct economic damages annually, according to the IMF

Ambassador Stéphane Romatet made his statements during a virtual panel with Egypt's minister of planning and representatives of 70 French companies to discuss opportunities in the Egyptian economy

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