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Business - Economy
7/7/2024 2:49:09 PM
Egypt's net international reserves (NIRs) rose to $46,3 billion at the end of June, the highest level since the COVID-19 pandemic outbreak in March 2020, up from $46.1 posted a month earlier, the Central Bank of Egypt (CBE) announced on Sunday.

Business - Economy
6/29/2024 7:02:02 PM
Anna Bjerde, the World Bank’s Managing Director for Operations, stressed to Ahram Online (AO) that the recent measures taken by Egypt, particularly in monetary policy and the liberalization of the exchange rate, were necessary to restore balance and stability to the economy

Al-Ahram Weekly - Opinion
6/25/2024 6:18:49 PM
Growing global economic fragmentation is exacerbating the debt crisis facing the developing world, writes Mahmoud Mohieldin in the second of two articles

Business - Economy
6/24/2024 7:54:04 PM
Egypt has mobilized $2 billion in financings over the past few months, following negotiations with International Financial Institutions (IFIs) and multilateral and bilateral development partners, Minister of International Cooperation Rania Al-Mashat announced in a statement on Monday.

Business - Economy
6/24/2024 11:42:38 AM
The World Bank (WB) has announced $700 million in Development Policy Financing (DPF) for Egypt to support the country’s shift towards more private sector participation, better macroeconomic and fiscal resilience, and a greener growth trajectory, the WB said in a statement on Monday.

Egypt - Society
6/15/2024 2:16:34 PM
Egypt held the 6th position among the world’s remittance recipient countries in 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Saturday.

Business - 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.

World - Region
5/25/2024 9:01:53 PM
More than a quarter of Syrians live in extreme poverty, the World Bank said Saturday, 13 years into a devastating civil war that has battered the economy and impoverished millions.

War on Gaza - War on Gaza
5/24/2024 12:39:11 PM
The Palestinian Authority is facing the possibility of financial collapse, the World Bank said in a report Thursday, as revenue streams run dry and economic activity drops precipitously against the backdrop of the Gaza war.

World - Region
5/23/2024 3:22:30 PM
Poverty in Lebanon tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis, the World Bank said Thursday.

Opinion -
5/21/2024 4:49:40 PM
PARIS/VANCOUVER – Today’s economic outlook is strangely contradictory. While global markets, led by technology and energy, have been ebullient over high short-term profits, the mood at the Spring Meetings of the World Bank and the International Monetary Fund last month was decidedly somber.

Business - Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.

Business - Economy
5/8/2024 2:32:04 PM
Egypt’s net international reserves (NIRs) surged at the end of April to its highest level in four years to post $41 billion, up from $40.4 at the end of March, the Central Bank of Egypt (CBE) reported on Tuesday.

Business - Economy
5/6/2024 4:43:22 PM
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Al-Ahram Weekly - Economy
4/29/2024 11:17:00 PM
Doaa A. Moneim reports on the messages delivered by the Egyptian delegation to the IMF and World Bank Spring Meetings in Washington

Business - Economy
4/28/2024 5:01:05 PM
The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in its performance assessment matrix, the Central Bank of Egypt (CBE) announced on Sunday.

Al-Ahram Weekly - Opinion
4/28/2024 9:27:00 AM
How can high-income and developing countries alike become more effective in implementing the IMF Spring Agenda to successfully address global and national economic challenges.

Al-Ahram Weekly - Egypt
4/23/2024 10:52:00 PM
Gamal Essam El-Din on the government’s budget and development plans for the new fiscal year

Al-Ahram Weekly - Opinion
4/23/2024 10:37:42 PM
Egypt has the time and budget needed to move forward with the structural reform of the economy, as well as to strengthen its economic resilience, writes Naglaa Arafa

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