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Business
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Economy
11/1/2024 1:01:46 PM
International financial institutions (IFIs), including the World Bank, International Monetary Fund (IMF), and European Bank for Reconstruction and Development (EBRD), have released their GDP projections for Egypt for FY2024/2025 and FY2025/2026.
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Economy
10/17/2024 3:57:58 PM
The World Bank's latest report "Growth in the Middle East and North Africa" expected Egypt's real GDP growth rate to recover to 3.5 percent in FY2025, following a decline from 3.8 percent in FY2023 to an anticipated 2.5 percent in FY2024.
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Economy
10/3/2024 7:53:34 PM
Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced Thursday in a press conference that Egypt's real GDP growth grew by 2.4 percent in the FY2023/2024, despite dropping from last year’s 3.8 percent.
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Economy
10/2/2024 5:30:03 PM
The Central Bank of Egypt’s (CBE) latest Financial Stability Report highlights real GDP growth of 2.4% during the first nine months of FY2023/2024 (July 2023 to March 2024). Despite significant global challenges, this growth reflects the resilience of Egypt’s financial system.
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Business
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Economy
10/2/2024 2:38:56 PM
Prime Minister Moustafa Madbouly announced Tuesday that Egypt's economy recorded an average GDP growth of 4.3 percent over the past four years, demonstrating resilience amid a series of global crises, including the COVID-19 pandemic, the Russia-Ukraine war, and the ongoing conflict between Israel and Gaza.
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Economy
8/27/2024 3:32:50 PM
Egypt’s real GDP growth rate is projected to hit 5.5 percent over the medium term, according to the International Monetary Fund's (IMF) staff report on Monday on the third review of the country’s $8 billion loan programme.
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Economy
7/16/2024 6:53:51 PM
The International Monetary Fund has revised down its projection for Egypt’s real GDP growth by 0.3 percent in both the recently concluded FY2023/2024 and the current FY2024/2025 to 2.7 percent and 4.1 percent, respectively, according to an update to its World Economic Outlook (WEO) report released on Tuesday.
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Business
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Economy
7/4/2024 4:56:30 PM
Each of the new cabinet's ministers of tourism, petroleum and mineral resources, and civil aviation has priorities and challenges to address for raising Egypt's real GDP growth amid the ongoing global and regional tensions.
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Business
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Economy
6/27/2024 2:20:44 PM
Heike Harmgart, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), talked to Ahram Online about the expected outcomes of the upcoming Egypt-EU Investment Conference 2024 and the EBRD plans for the Egyptian market.
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Business
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Economy
6/12/2024 12:54:08 PM
The World Bank maintained its projections for Egypt’s real GDP growth in both 2024 and 2025 at 2.8 percent and 4.2 percent, respectively, compared to the last projections released in April, according to the Global Economic Prospects report released on Tuesday.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Business
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Economy
4/18/2024 6:51:07 PM
The war in Gaza, Red Sea shipping disruptions, and oil production cuts have exacerbated the high debt and the elevating borrowing cost issues in the Middle East and North Africa (MENA) region, including Egypt, the International Monetary Fund said on Thursday.
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Business
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Economy
4/16/2024 7:12:57 PM
Egypt’s real GDP growth is expected to slow down to 2.8 percent in the current FY2023/2024, which ends on 30 June, before rebounding to 4.2 percent in the FY2024/2025 according to the MENA Economic Update released by the World Bank on Monday.
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Business
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Economy
4/16/2024 4:09:00 PM
The International Monetary Fund (IMF) has maintained its projection for Egypt’s real GDP growth in 2024 at three percent, declining by 0.8 percent compared to the estimation of 2023.
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Business
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Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.
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Business
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Economy
1/31/2024 3:28:49 PM
As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth in 2024.
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Business
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Economy
1/30/2024 6:21:03 PM
Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF), Daniel Leigh, a division chief at the IMF’s Research Department, told Ahram Online (AO).
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Economy
1/30/2024 3:06:10 PM
The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according to the updated World Economic Outlook (WEO) report released on Tuesday.
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Business
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Economy
1/15/2024 7:43:32 PM
Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024 from 4.4 percent in the same quarter of FY2022/2023 (July-September), according to data released by the Ministry of Planning and Economic Development on Monday.
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Business
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Economy
1/9/2024 10:55:54 PM
The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released on Tuesday.
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