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Business
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Economy
12/3/2024 5:16:32 PM
The global economic slowdown in 2023 is expected to have a particularly acute impact on countries already struggling with elevated debt and financial instability, mainly in the low- and middle-income countries (LMICs), according to the International Debt Report (IDR) the World Bank released on Tuesday.
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Business
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Economy
11/26/2024 2:41:49 PM
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday plans to invest $605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
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Business
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Economy
11/25/2024 5:23:32 PM
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition and provide crucial financing to micro, small, and medium enterprises (MSMEs), the World Bank’s financial arm International Finance Corporation (IFC) announced.
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World
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Region
11/14/2024 7:07:08 PM
More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion in economic losses and damaged nearly 100,000 homes, the World Bank said on Thursday.
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Business
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Economy
11/12/2024 8:31:00 PM
World Bank (WB) Chief Economist for the Middle East and North Africa (MENA) Region Roberta Gatti discussed the latest forecasts for global and regional economic prospects in an interview with Ahram Online, emphasizing that the Egyptian economy's recovery hinges on inflation control, debt management, and investment.
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Business
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Economy
11/9/2024 2:14:05 PM
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship eco-system, CEO Bassel Rahmy said.
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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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Business
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Economy
10/30/2024 4:51:45 PM
The International Finance Corporation (IFC), the World Bank Group's financial arm, invested $14.2 billion in 45 African countries in FY2024, according to an announcement issued by IFC on Wednesday.
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Opinion
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10/24/2024 7:41:30 PM
The Bretton Woods institutions – the International Monetary Fund and the World Bank – are now 80 years old.
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Business
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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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Business
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Economy
10/15/2024 7:29:13 PM
A global target of ending extreme poverty by 2030 is "out of reach," said the World Bank on Tuesday, adding it could take three decades or more to do so.
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World
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Africa
9/22/2024 3:42:30 PM
In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing.
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World
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International
9/19/2024 8:59:39 PM
The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the 2024 financial year, up 10 percent from the previous year.
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Business
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Economy
8/14/2024 1:37:18 PM
Minister of Investment and Foreign Trade Hassan ElKhatib announced during the Financial Regulatory Authority Conference (FINRA) on Tuesday that the voluntary trading of carbon certificates and bonds will start today.
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Al-Ahram Weekly
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Opinion
8/6/2024 4:46:55 PM
It can take more than a miracle for some countries to escape from the middle-income trap, writes Mahmoud Mohieldin
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World
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Africa
7/31/2024 11:42:09 AM
The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency.
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Business
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Markets & Companies
7/16/2024 7:05:02 PM
Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad's international airport after years of neglect in the conflict-scarred country.
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Business
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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.
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Business
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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
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Al-Ahram Weekly
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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
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