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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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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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