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Business - Economy
4/20/2022 2:47:48 PM
Egypt’s general government gross debt to GDP ratio is expected to jump to 94 percent in 2022, up from 93.5 percent in 2021, before winding down to 89.6 percent in 2023 and then declining to 80.7 percent by 2027, the International Monetary Fund (IMF) said on Wednesday.

Business - Economy
4/19/2022 8:16:45 PM
The Russia-Ukraine conflict is having economic repercussions on Egypt including rising financial needs, an elevated rate of inflation, and limited fiscal space, the assistant director of monetary and capital markets at the International Monetary Fund (IMF) Ranjit Singh told Ahram Online.

Business - Economy
4/19/2022 3:12:15 PM
The International Monetary Fund (IMF) has revised its projections for Egypt's real GDP growth in 2022 by 0.3 percent to reach 5.9 percent, up from 5.6 percent expected in January, before slowing down to 5 percent in 2023, the Fund announced on Tuesday.

World - International
4/19/2022 1:01:06 PM
Global finance leaders are putting the growing crisis over food insecurity and skyrocketing food prices at center stage as members of the International Monetary Fund and the World Bank meet in Washington and grapple with the brutal effects of Russia's war against Ukraine.

Arts & Culture - Screens
4/19/2022 11:20:05 AM
Five Arab women filmmakers received one-time grants to bring their fiction and non-fiction projects to life through Netflix’s Fund for Creative Equity in partnership with Arab Fund for Arts and Culture (AFAC).

World - International
4/18/2022 5:31:05 PM
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the bank's President David Malpass said Monday.

Business - Economy
4/18/2022 5:00:14 PM
The annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off in Washington DC on Monday, with the key theme expected to focus on the repercussions of the Russia-Ukraine conflict and COVID-19 on the global economy.

World - International
4/18/2022 2:46:00 PM
A global summit to chart an end to the Covid-19 crisis and plan for future upheavals will occur May 12, the White House said Monday, even as President Joe Biden struggles to get vital pandemic funding from Congress.

Business - Economy
4/14/2022 3:19:40 PM
The International Monetary Fund (IMF) will revise down the real GDP growth of 143 economies – accounting for 86 percent of global GDP – following the Russian invasion of Ukraine, IMF Managing Director Kristalina Georgieva said on Thursday.

Business - Economy
4/14/2022 1:50:00 PM
The executive board of International Monetary Fund (IMF) has approved establishing a new Resilience and Sustainability Trust (RST), which aims to help low-income and vulnerable middle-income countries address longer-term structural challenges that pose macroeconomic risks, including climate change and pandemics, the fund announced on Wednesday.

Business - Markets & Companies
4/12/2022 5:40:11 PM
The Abu Dhabi Developmental Holding Company (ADQ), also known as the Abu Dhabi wealth fund, has completed acquisition deals for five companies in Egypt, including private sector and state-owned firms, with a total value of $1.8 billion, the Egyptian Exchange (EGX) disclosed on Tuesday.

Business - Markets & Companies
4/11/2022 2:11:16 PM
The International Finance Corporation (IFC) — a World Bank Group member — is set to invest $15 million in the second fund from venture capital firm Algebra Ventures with the aim of supporting tech start-ups with access to finance and drive innovation and job creation primarily in Egypt.

Business - Economy
4/8/2022 4:58:02 PM
Egyptian Minister of International Cooperation Rania Al-Mashat and Director General of the Kuwait Fund for Arab Economic Development (KFAED) Marwan Abdullah El-Ghanem signed on Friday a grant deal agreement to study the feasibility of building a railway between Egypt and Sudan.

Al-Ahram Weekly - World
4/7/2022 8:12:00 PM
Comments made by Lebanon’s deputy prime minister about the country’s “bankruptcy” last weekend have drawn new attention to its ongoing negotiations with the International Monetary Fund.

Arts & Culture - Screens
4/7/2022 11:51:32 AM
The National Egyptian Film Festival has extended the deadline for receiving films to participate in its 24th edition.

Al-Ahram Weekly - Egypt
4/6/2022 11:42:00 AM
GCC countries help Egypt mitigate the financial impacts of the war in Ukraine.

War in Ukraine - Economy
4/5/2022 3:59:10 PM
The United States starting Tuesday will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.

Business - Economy
4/5/2022 3:55:51 PM
The International Monetary Fund (IMF) estimated that the cumulative output loss caused by the pandemic globally to reach $13.8 trillion by 2024.

Business - Economy
3/31/2022 12:28:02 PM
Central Bank of Egypt (CBE) has signed an agreement with the Arab Monetary Fund (AMF) to register with the AMF’s Buna platform that governs intra-payment settlements and set-offs in the Arab region, CBE announced on Thursday.

Egypt - Foreign Affairs
3/30/2022 8:15:23 PM
The Sovereign Fund of Egypt, in cooperation with the Saudi Public Investment Fund, aims to attract investments worth $10 billion during the coming period, Prime Minister Mostafa Madbouly said on Wednesday.

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