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Business
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Economy
4/5/2023 4:00:54 PM
Growing geopolitical fragmentation around the world, including the US-China trade war and the Russian invasion of Ukraine, could cut global growth by two percent, the International Monetary Fund said Wednesday.
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Al-Ahram Weekly
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Opinion
4/5/2023 10:59:00 AM
A recent World Bank report sets out ways in which governments can foster economic growth threatened by the worldwide slowdown over the last decade, writes Mahmoud Mohieldin
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Business
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Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.
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Business
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Markets & Companies
3/20/2023 10:20:20 AM
Credit Suisse's largest shareholder Saudi National Bank on Monday said there was "no impact" on its growth plans or profitability after the troubled lender's buyout by UBS.
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Business
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Markets & Companies
3/16/2023 10:17:40 PM
Out of his 30+ years of experience in the fintech and digital payments, Ahram Online interviewed the CEO of Taly Magdy Hassan who shared with us his insights on the sector in Egypt and his outlook for it as well.
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Business
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Economy
3/16/2023 4:03:12 PM
The European Central Bank on Thursday increased its projection for eurozone GDP growth this year to 1.0 percent due to falling energy prices and greater "resilience to the challenging international environment".
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Business
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Economy
3/14/2023 3:53:34 PM
Egypt's real GDP growth is expected to reach 4.2 percent by the end of the current FY2022/2023 concluding in June, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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Business
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Economy
3/12/2023 5:59:58 PM
Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.
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Business
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Economy
3/12/2023 11:24:40 AM
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
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Business
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Economy
2/28/2023 6:28:16 PM
For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring remained surprisingly sturdy despite ever-higher interest rates imposed by the Federal Reserve.
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Business
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Tech
2/21/2023 3:05:06 PM
Egypt’s information and communication technology (ICT) sector is the fastest growing sector in the country’s economy, reaching 16.7 percent growth in FY2021/2022 compared to 16.1 percent during the previous fiscal year, according to Minister of ICT Amr Talaat.
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Business
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Economy
2/16/2023 10:48:02 AM
The European Bank for Reconstruction and Development (EBRD) has downgraded its forecasts for Egypt’s output growth in 2023 to 4.3 percent, down from five percent it projected in May, before bouncing back to five percent in 2024, according to the bank’s update on the Regional Economic Prospects Report the bank issued on Thursday.
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Business
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Economy
2/13/2023 2:39:38 PM
Egypt is adopting an economic reform trajectory that contributes to supporting its financial discipline and decreasing debt to GDP ratio and budget deficit, Minister of Finance Mohamed Maait told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday.
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Al-Ahram Weekly
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Egypt
2/13/2023 10:27:00 AM
Egypt can reap economic benefits if it reins in population growth. Al-Ahram Weekly reviews a newly launched report.
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Business
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Economy
2/12/2023 3:33:29 PM
Actions by Egypt to increase the private sector’s role in the country’s economy are critical for its economic growth and job creation, the Secretary General of the African Development Bank (AfDB) Group Vincent O. Nmehielle told Ahram Online.
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Business
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Economy
2/9/2023 6:59:41 PM
The OPEC Fund for International Development and Africa Finance Corporation (AFC) have signed a 10-year $50 million loan agreement to finance the development of infrastructure with the aim of boosting the continent’s economic growth and job creation, the fund announced on Thursday.
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Business
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Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.
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Business
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Economy
1/30/2023 9:42:59 PM
Egypt aims to have a gross domestic product (GDP) growth rate of 5 percent and 6 percent in 2024 and 2025 respectively, Prime Minister Mostafa Madbouly said in the opening speech of CI Capital’s Seventh Annual MENA Investor Conference on Monday.
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World
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Region
1/30/2023 7:18:14 PM
The fight against global warming should not be at the expense of economic growth, the United Arab Emirates' oil chief who will lead this year's UN climate talks said on Monday.
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Business
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Economy
1/26/2023 6:12:37 PM
Stock markets rose on Thursday as US data showed the world's top economy grew at a slower pace in 2022 but finished the year on a stronger note.
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