Last Update 10:32
Wednesday, 14 April 2021
Business
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
Remittances from Egyptian workers abroad rose to $7.49 billion in October-December from $6.96 billion a year earlier
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
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
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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
CBE inflation calculations show that the annual headline inflation rate remained stable at 4.5% in March 2021
Adrian added that policy makers in such markets, including Egypt, have to provide a kind of framework that includes instruments to secure the required liquidity for SMEs
The IMF also approved new loan resources worth $24 billion for the poverty reduction and growth trust instruments as well as pledging $773 billion as extra grants to the CCRT instrument, according to the policy agenda.
According to the report, the currencies of major emerging markets have gained against the dollar since the last issue of the global financial stability report, released in October, but has faced notable turbulence in early 2021
The decline was prompted by regional developments and concerns over expected decisions of the International Monetary Fund and World Bank on global economy
G-24 said that that International assistance for developing countries has fallen short of their estimated $2.5 trillion in additional financing needs
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