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Africa loses up to 15% of its GDP per capita climate: AfDB’s VP
Africa has been losing from 5 to 15 percent of its GDP per capita growth due to climate change and its impacts, according to the Acting Chief Economist and Vice President of the African Development…
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Egyptian economy successfully weathered COVID-19 shock; IMF says
The IMF’s Executive Board said that the 12-month loan deal with Egypt under the SBA arrangement that ended in June 2021 achieved its primary objective in terms of maintaining the country’s…
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IMF keeps Egypt’s real GDP growth expectations at 5.9% in 2022
The International Monetary Fund (IMF) has maintained its projections for Egypt’s real GDP growth in 2022 at 5.9 percent, while revising it down to 4.8 percent in 2023, said Petya Koeva Brooks the…
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Egypt’s economy to increase gradually over next three years: Reuters
Egypt’s economy is expected to increase gradually over the next three years, with inflation gradually falling from double digits and the pound weakening in the near-term, according to a Reuters poll…
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Egypt’s president urges world to support Africa’s efforts in facing climate change
Egyptian President Abdel Fattah el-Sisi called upon the rest of the world to support Africa in efforts to tackle climate change, noting that the continent has hit hard by the impacts of the…
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Egypt’s New Administrative Capital to launch tender for solar power generation
Egypt’s New Administrative Capital (NAC) is set to launch an international tender to install photovoltaic solar cells on the rooftops of some of its residential buildings to generate electricity with…
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Egypt’s real GDP growth up 0.1%,13.2% inflation in 2022: Fitch Solutions
Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year…
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Over EGP 1 bln allocated for industrial complexes nationwide; Maait
Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of…
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Qalaa Holdings achieves EGP 18.7bn in consolidated revenues in 1Q
Qalaa Holdings consolidated revenues jumped to EGP 18.7bn during the first quarter (1Q) of 2022 — an annual growth rate of 134%.
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Egypt’s real GDP growth may be seen at 6.2% by end of June
Egypt's real GDP growth is expected to record 6.2 percent by the end of the current FY2021/22, with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to…
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