The International Monetary Fund (IMF) has cut its projections for Egypt’s real GDP growth by 0.5 percent and one percent for the FY2024/2025 and FY2025/2026 to settle at 3.6 percent and 4.1 percent, according to the World Economic Outlook (WEO) report the IMF released on Friday.
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The World Bank (WB) has maintained its projections for Egypt’s real GDP growth in the current FY2024/2025 at 3.5 percent, but upgraded it to 4.2 percent in the FY2025/2026, according to the Global Economic Prospects report WB released on Thursday.
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SelectUSA Tech, an investment promotion programme encouraging foreign direct investment into the US, ramps up its efforts in Egypt through a first-ever tech startup pitching competition.
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Over $13 trillion is needed to meet the sustainability goals and energy transition commitments globally, which cannot be fulfilled by governments alone, Faisal AlShimmari, the head of Environmental, Social, and Governance (ESG) and Corporate Strategy at Mashreq Bank, told Ahram Online.
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Egypt’s annual headline inflation rate decelerated to 23.4 percent in December, down from 25 percent recorded in November, according to the readings released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday.
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The cloud industry in Egypt currently needs better network infrastructure and expansion in data centre establishment, President of Huawei Cloud Egypt Business Group Jo Xu told Ahram Online.
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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep key interest rates unchanged for the sixth consecutive time during its final meeting for 2024 held on Thursday.
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Commvault's executives shared insights on Egypt's unique market potential and the importance of cyber resilience in today's digital economy in an interview with Ahram Online (AO), which took place during the inauguration of the company's Global Centre of Excellence in Cairo.
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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold its final meeting for 2024 on Thursday to review the key interest rates in light of the most recent local and global macroeconomic indices, mainly the inflation rates trend.
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Commvault, a cyber resilience and data protection solutions provider for the hybrid cloud, has officially inaugurated its new centre of excellence (CoE) in Cairo, the Ministry of Communications and Information Technology (MCIT) announced on Tuesday.
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The International Monetary Fund (IMF) announced Wednesday that it has reached a staff-level agreement with Egypt on the fourth review of the $8 billion Extended Fund Facility (EFF) loan programme.
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Mideast Communication System (MCS) CEO Tarek Shabaka told Ahram Online that Egypt's cybersecurity industry is now valued at EGP 15 billion (over $295 million), its digital infrastructure is developing, and digital transformation is witnessing a boom.
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Egypt recently launched Apple Pay services in the local market and announced that Google Wallet services will be available starting in 2025 as part of its financial inclusion strategy (2022-2025) and its tendency towards a cashless and contactless payment community.
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Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7 percent, according to Egypt’s Country Risk Report released on Wednesday.
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While the e-sports industry in the Middle East and North Africa (MENA) region was valued at $7.2 billion in 2023, with approximately 70 million gamers, Egypt occupied 58 percent of this market, said CEO of eProjects LLC Sherif Elbassiouny.
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Ahram Online (AO) exclusively interviewed Standard Chartered Egypt CEO Mohamed Gad to discuss how the bank perceives the Egyptian economy in 2025.
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Ahram Online spoke to Raza Hasnani, the managing director and head of infrastructure investments at the infrastructure investment platform Africa50, during his visit to Egypt to announce the establishment of the country's first-ever tier-3 data centre.
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Raya Holding for Financial Investments has revealed a strategic investment of $15 million in Raya Data Center (RDC), augmented by an additional $10 million from Raya Information Technology, bringing the total funding to $25 million.
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Egypt's National Telecommunications Regulatory Authority (NTRA) officially launched the eSIM services, now available for purchase at all four telecommunication providers' stores, in the local market for the first time in December.
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Ahram Online spoke to Holger Floerkemeier, director of the Middle East Regional Technical Assistance Centre (METAC), about the role of the International Monetary Fund (IMF)'s METAC in supporting fiscal policies, increasing tax revenues, and improving debt management in the region, including Egypt.
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