Haoliang Xu, UN Under-Secretary-General and Associate Administrator of the United Nations Development Programme (UNDP), highlighted the challenges of urbanization, the need for international cooperation in sustainable development, and the presidential recent urban transformation initiatives in an interview with Ahram Online during the 12th World Urban Forum (WUF) in Cairo.
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The IMF's Regional Economic Outlook (REO) report, specifically focused on the Middle East and Central Asia, forecasts that Egypt’s inflation rate will decelerate to a notable 16 percent by the conclusion of the fiscal year 2024/2025, which ends in June 2025.
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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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The Ministry of Petroleum and Mineral Resources recently announced a significant increase in fuel prices, marking the third adjustment in 2024, which could feed the inflationary wave that Egypt has been experiencing amid the ongoing global and regional tensions.
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Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that the overall financing needs for this year are going to be around $286 billion, which is almost $6 billion higher compared to last year for the whole region.
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The International Monetary Fund (IMF) projected Egypt's GDP to recover, reaching 4.1 percent in FY2025/2026 up from a forecasted 2.7 percent in the current fiscal year (FY2024/2025), according to the IMF’s World Economic Outlook report released on Tuesday.
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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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The International Monetary Fund (IMF) released a survey of prospects and policies on Wednesday detailing a significant inflationary episode that has unfolded over the past three years, particularly following the COVID-19 pandemic. Here are the key takeaways from the report:
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The Central Bank of Egypt (CBE) will review the key interest rates in its Thursday meeting, with banking experts expecting the CBE to keep the interest rates unchanged.
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The Purchasing Managers’ Index (PMI) report from S&P Global on Egypt has revealed that the country's employment rate has steadily increased in September for the third consecutive month, signalling a positive trend in its non-oil private sector.
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Egypt's foreign direct investment (FDI) inflows surged to a record $46.1 billion in FY 2023/2024, compared to $10 billion in the past year, showed data released by the Central Bank of Egypt (CBE) on Tuesday.
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The Gold market in Egypt has undergone major changes over the past few days after international gold prices surpassed $2,600 per ounce, which is mainly attributed to the U.S. Federal Reserve's decision to cut interest rates by 50 basis points last Wednesday.
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Poultry prices marked a 14.9 percent increase since the start of September with the pasture chickens’ prices going up from EGP 67-68 to EGP 77-78 per kilo, according to the poultry bourse.
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Egypt's remittances jumped by 86.8 percent in July to $3 billion, compared to July 2023, hitting its highest point in five months, according to the Central Bank of Egypt (CBE) data.
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Minister of Finance Ahmed Kouchouk said his ministry's top priority is to rebuild trust between the tax authority and business community, during a dialogue with the business community organized by the American Chamber of Commerce in Egypt (AmCham).
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The sales of passenger cars increased by 97.6 percent in volume in July 2024 compared to July 2023, according to the Automotive Marketing Information Council (AMIC) July report.
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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday to decide on interest rates.
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Property prices in Egypt have surged in 2024 with no signs of slowing down — a puzzling trend amid intense economic conditions that make homes increasingly unaffordable.
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The International Monetary Fund (IMF) has projected a substantial increase in Egypt's gross international reserves.
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The government is drafting a new law that regulates and sets Egypt's finance and business districts system, as revealed in a meeting chaired by Prime Minister Mostafa Madbouly on Tuesday.
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