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World Bank cuts Egypt growth outlook
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
19 ministries are moving to the new capital next week
The number of gov’t bodies working at the NAC will jump to 33 next week
THIS MORNING: Privatization program could pick up after Eid -reports. PLUS: EgyptAir reschedules flights thanks to daylight saving time
Suitor for United Bank sale reportedly set to be chosen right after Eid
There’s a lot going on in the neighborhood
Signs are Syria is coming back into the Arab fold
World Bank downgrades growth forecasts for Egypt and the region as inflation bites
Lender cuts GDP growth forecast from 4.8% to 4.0% in FY 2022-2023
IFC commits EUR 25 mn to Mediterrania Capital’s regional fund
The IFC could later increase investment to EUR 45 mn
EBRD, IFC to advise sovereign fund on desalination tenders
The government wants to add 8.8 mn cbm of desalination capacity by 2050
Egypt secures USD 7 bn World Bank loan to support private-sector, climate goals
The funding includes USD 1 bn a year from the IBRD
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