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Business
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Economy
4/16/2024 9:35:00 PM
Minister of International Cooperation and Governor of Egypt at the World Bank Rania Al-Mashat met with key representatives of the World Bank Group during the Spring Meetings of the International Monetary Fund and the WB Group in Washington.
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Business
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Economy
4/16/2024 7:12:57 PM
Egypt’s real GDP growth is expected to slow down to 2.8 percent in the current FY2023/2024, which ends on 30 June, before rebounding to 4.2 percent in the FY2024/2025 according to the MENA Economic Update released by the World Bank on Monday.
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Business
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Economy
3/31/2024 12:10:06 PM
Prime Minister Mostafa Madbouly disclosed that Egypt is set to receive the initial tranche of $820 million from the International Monetary Fund (IMF) expanded loan next week, along with the second tranche from the Ras El-Hekma deal in early May.
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Al-Ahram Weekly
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Economy
3/19/2024 9:16:21 PM
World Bank and the European Union financing packages leave officials upbeat about the economy, writes Gamal Essam El-Din
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Al-Ahram Weekly
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Economy
3/19/2024 9:15:06 PM
World Bank Country Director for Egypt, Yemen, and Djibouti, Stephane Guimbert, explained the bank’s support for Egypt’s reform programme.
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Business
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Economy
3/18/2024 4:58:00 PM
The World Bank Group (WBG) has announced over $6 billion of new financing to Egypt over the next three years, the WBG said on Monday.
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Business
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Economy
3/12/2024 12:05:13 PM
All 27 EU countries have endorsed a second term for International Monetary Fund chief Kristalina Georgieva, Belgium's finance minister said on Tuesday.
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Business
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Economy
2/6/2024 1:15:14 PM
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency, Prime Minister Mostafa Madbouly said in a meeting with officials from the bank on Monday.
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Business
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Economy
1/31/2024 3:28:49 PM
As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth in 2024.
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Business
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Economy
1/18/2024 6:14:25 PM
The head of the Egyptian Holding Company for Silos and Storage (EHCSS) Sherif Basily announced Thursday that the company secured a $110 million loan from the World Bank to complete the National Silos Project.
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Business
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Economy
1/14/2024 12:04:53 PM
Minister of International Cooperation Rania Al-Mashat held a meeting with President of the World Bank Group (WBG) Ajay Banga to discuss future cooperation and the bank's role in enhancing Egypt’s private sector involvement in the economy, according to a cabinet statement on Saturday.
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Business
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Economy
1/11/2024 10:43:56 PM
Gold prices surged 15 percent year-on-year (YoY) to $2,078 per ounce in 2023, its all-time-high, supported by the increased demand by central banks and the geopolitical risks that benefit a haven like gold, according to a report by the World Gold Council (WGC).
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Business
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Economy
1/10/2024 6:04:39 PM
A mission from the World Bank (WB) arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership Policy Document and how best to manage these assets, according to a statement by the Ministry of International Cooperation on Wednesday.
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Business
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Economy
1/9/2024 10:55:54 PM
The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate, according to the Global Economic Prospects report released on Tuesday.
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Business
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Economy
1/9/2024 9:24:28 PM
A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme with the International Monetary Fund (IMF), in addition to exploring a new additional loan for the country amid its ongoing serious economic situation.
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Business
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Economy
12/29/2023 5:34:56 PM
Privately-owned MAFI For Agricultural Produce Industries signed contracts on Wednesday with international agricultural companies to establish a $300 million food production complex in Sadat City, the largest in the Middle East.
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Business
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Economy
12/27/2023 2:19:48 PM
Egyptian expats’ remittances are expected to have declined by over 15 percent to $24.2 billion in 2023 from $28.3 billion in 2022, according to a recent report released by the World Bank (WB) in December.
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Business
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Economy
12/14/2023 3:14:17 PM
The International Finance Corporation (IFC), one of the financial arms of the World Bank Group, was appointed in June as a strategic advisor for the Egyptian government’s Initial Public Offering (IPO) to provide advisory services for Egypt's privatisation programme.
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Business
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Economy
12/13/2023 10:45:45 PM
Developing countries spent a record $443 billion to service external debt in 2022 as global borrowing costs surged, straining budgets and raising the risk of debt crises, according to the World Bank’s latest International Debt Report.
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Business
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Economy
12/10/2023 2:18:20 PM
Egypt’s Ministry of International Cooperation formed a partnership with the World Bank to incentivize innovation in climate-smart agriculture (CSA), according to a ministerial statement on Sunday.
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