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Business
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Markets & Companies
1/25/2023 3:05:42 PM
European stock markets slid Wednesday as investors awaited key company earnings and economic growth data in the United States.
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Business
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Economy
1/24/2023 7:38:56 PM
Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope will help grow the West African nation's ailing economy.
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Business
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Economy
1/24/2023 4:20:19 PM
The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
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Business
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Economy
1/10/2023 10:49:14 PM
Amid global economic crises, the World Bank expected the growth of the Middle East and North Africa (MENA) region to slow down to 3.5 percent this year and to 2.7 percent in 2024, down from 5.7 percent recorded in 2022.
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Business
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Economy
1/10/2023 6:16:54 PM
The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned on Tuesday.
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Business
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Economy
12/26/2022 11:22:00 PM
The COVID-19 pandemic continues to create serious challenges for the Egyptian economy, which has been exacerbated by the repercussions of the Russian-Ukrainian conflict that sparked in March.
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Business
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Economy
12/26/2022 5:10:09 PM
The Ministry of Finance’s departments were mobilised this week to prepare Egypt's new FY2023/24 budget aiming for a 5.5 percent growth rate amid global economic crises exerting tremendous pressure on world economies, including Egypt.
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Business
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Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.
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Business
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Economy
12/20/2022 12:54:52 PM
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy.
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Business
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Economy
12/17/2022 8:23:56 PM
The new $3 billion loan to Egypt approved on Friday by the International Monetary Fund (IMF) will be used to support the country’s programme to boost economic growth and investments and enhance its social protection network, the Cabinet said today.
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Egypt
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Tourism
12/11/2022 6:30:38 PM
Egypt targets tourism investments of about EGP 7.4 billion in the fiscal year 2022/2023, compared to EGP 6.2 billion in 2021/22, a growth of 19.4 percent, according to Minister of Planning and Economic Development Hala El-Said.
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Business
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Economy
12/11/2022 10:36:38 AM
The US Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy.
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World
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International
12/11/2022 10:32:41 AM
Facing a surge in COVID-19 cases, China is setting up more intensive care facilities and trying to strengthen hospitals as Beijing rolls back anti-virus controls that confined millions of people to their homes, crushed economic growth and set off protests.
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Business
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Economy
11/30/2022 7:27:58 PM
Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate.
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World
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International
11/30/2022 11:00:00 AM
Former President Jiang Zemin, who led China out of isolation after the army crushed the Tiananmen Square pro-democracy protests in 1989 and supported economic reforms that led to a decade of explosive growth, died Wednesday. He was 96.
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Business
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Economy
11/28/2022 10:07:34 PM
The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.
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Business
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Economy
11/22/2022 7:11:38 PM
World economic growth is slowing due to decades-high inflation, the OECD said Tuesday, calling for "essential" further monetary policy tightening and "more targeted" government support.
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Business
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Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.
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Business
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Economy
11/22/2022 12:34:31 PM
Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
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Business
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Economy
11/21/2022 6:42:50 PM
Britain needs more migrant labor to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country's main business lobby group warned Monday.
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