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IMF trims Egypt growth forecast
The IMF has cut its economic growth forecast for Egypt, saying it sees GDP growing 4.0% this year, a 0.4…
THIS MORNING: Last chance to buy high-yield CDs at state-owned banks
Good morning, wonderful people, and a very happy last day of January to you all — 8.3% of 2023 is…
IFC, Tadamun partner to expand microfinance for women-led SMEs
DEVELOPMENT FINANCE- IFC, Tadamun to boost women-led micro firms: The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance…
More independence for tourism chambers + Hefty fines for fake weather news
House gives first nod to tourism bill: The House of Representatives yesterday gave its preliminary approval to a draft bill…
Gulf growth set to halve on weaker crude demand + IMF doesn’t want EMs to lose out in the green transition
Gulf oil exporters will see economic growth halve this year as revenues decline on the back of the global economic…
Madbouly wants the World Bank to get a move on
Prime Minister Moustafa Madbouly called for finalizing the World Bank’s development finance program with Egypt “as early as possible” in…
Another USD 1.5 bn from the ITFC for energy and commodities imports
More imports money from the ITFC: The government has signed a fresh USD 1.5 bn financing agreement with the International…
Best start ever for bonds as nearly USD 600 bn in issuances flood global market
Global bond-sale bonanza rings in the year with a record start: Governments and companies issued USD 586 bn worth of…
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