Last Update 19:52
Wednesday, 21 April 2021
The virtual dialogue is one of more than 25 events being held across Africa and Europe ahead of the high-level Green Investment Forum taking place in Lisbon next week
Investments directed to productive sectors will increase by 125%, investments for building up people will rise by 70%, and investments in service sectors will go up by 30%
Despite that, Fitch Solutions said in its report that Egypt is one of the few countries globally to see real GDP growth amid the COVID-19 crisis
RTD has been using sports and education to make a positive social impact, especially on children
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest financial institution in Kuwait
The report said that investment opportunities in emerging markets, including Egypt, could generate over $10 trillion by 2030 and create over 200 million jobs in green sectors
Africa's economic recovery process from the pandemic will mainly depend on the financial capacity of African countries in addressing immediate shocks, stabilising their economies and in investing in the growing back phase
The MIGA is a key partner in Egypt’s development efforts aiming to achieve economic recovery and sustainable growth, providing coverage worth $500 million of investments in the local market in the past few years
The paper said Egypt has committed to adopting reforms that address climate change including diversifying clean energy resources by 2025 and producing 40% of its electricity from solar and wind energy by 2030
Remittances from Egyptian workers abroad rose to $7.49 billion in October-December from $6.96 billion a year earlier
ADNOC and OCI invited international and local banks to pitch for potential roles in Fertiglobe’s public share-sale, said the sources, declining to be named because the matter is not public.
Minister of Petroleum Tarek El-Molla revealed that Egypt is planning to receive $8 to $10 billion in investments till the end of 2021
The award, organised by Al-Ahram in collaboration with the Egyptian Journalists Syndicate, is held annually in honour of Al-Ahram’s prominent late Journalist Nawal Omar
The CBE expected Egypt’s gradual recovery to start from FY2021/22, with a pickup in tourism from the supply side and private domestic demand from the demand side, alongside a gradual dissemination of vaccines
We project Egypt to attain seven percent overall budget deficit and 1.8 percent primary surplus in FY2021/22, which starts in July, said Gatti
'We expect a gradual improvement in Egypt’s economic growth during FY2021/2022 at 2.5 percent, and at 5.7 percent in FY2022/2023,' says the IMF's director of the Middle East and Central Asia Department
Gopinath made the comments in response to a question from Ahram Online on the expected consequences of the likely interest rate rise on the region’s economies
Nabar said that $1.9 trillion support package is expected to boost the level of US GDP by about five percent over 2021-2023 with significant spill overs to the rest of the world
Matsunaga said that Egypt has been successful in dealing with the COVID-19 pandemic, and has been ranked first in Africa and third in the Middle East
Paymob said in a statement that it will use the proceeds to continue expanding its merchant network, meet the increasing demand, enhance its suite of products further, and fuel its regional expansion efforts.
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