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Economy
- Service : English General
- Category : Economy
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MENA economies to contract by 5.2% in 2020 -- World Bank
Date: 2020-10-19 18:40:48 GMT - USA - Economy - SN:72 - ID:8634795
WASHINGTON, Oct 19 (MENA) - The region’s economies are projected to contract by 5.2% in 2020, the World Bank said in a report on the economic situation in the Middle East and North Africa (MENA) six months into the COVID-19 pandemic. The report, ....
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Trade, regional integration critical to economic recovery in post-Covid era: World Bank
Date: 2020-10-19 17:48:44 GMT - USA - Economy - SN:69 - ID:8634793
WASHINGTON, Oct 19 (MENA) - Trade and integration, within the Middle East and North Africa (MENA) region and with the rest of the world, will be critical to lowering poverty, empowering the poor, and igniting economic growth in the post-COVID era, ....
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Al-Mashat: Issuance of first green bonds contributes to new chapter in Egypt’s economic progress
Date: 2020-10-19 16:37:06 GMT - Egypt - Economy - SN:58 - ID:8634534
CAIRO, Oct 19 (MENA) - International Cooperation Minister and Egypt's Governor for the World Bank Group Rania Al-Mashat hailed on Monday the government’s efforts to diversify financing for sustainable infrastructure projects, as well as its interest ....
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Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook
Date: 2020-10-19 16:35:20 GMT - Russia - Economy - SN:57 - ID:8634568
MOSCOW, Oct 19 (MENA) – Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman held two phone calls last week to discuss oil markets, Business Standard reported. The world's two largest oil exporters, Russia and ....
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Int'l economic institutions highlight Egypt's success in dealing with coronavirus crisis- cabinet
Date: 2020-10-19 16:34:00 GMT - Egypt - Economy - SN:56 - ID:8634291
CAIRO, Oct 19 (MENA) – The cabinet media center released on Monday a report that included infographics highlighting the international economic institutions’ views about Egypt’s success in dealing with the coronavirus crisis and their positive ....
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World Bank forecasts Egypt's economic growth at 5.8% in FY 2022/2023
Date: 2020-10-19 16:32:35 GMT - USA - Economy - SN:54 - ID:8634762
WASHINGTON, Oct 19 (MENA) - Egypt is the only country in the Middle East and North Africa to witness positive real GDP growth in 2020/2021 fiscal yea, the International Monetary Fund (IMF) and the World Bank agreed in a recently published ....
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Egypt's exports of agricultural crops hit $1.6 billion in 8 months
Date: 2020-10-19 15:23:21 GMT - Egypt - Economy - SN:53 - ID:8634648
CAIRO, Oct 19 (MENA) - Egypt's exports of crops hit 1.67 billion dollars in eight months (Jan-Aug 2020), said the Ministry of Trade and Industry on Monday. Russia topped the importing countries with $264 million, followed by Saudi Arabia with $170 ....
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IMF: Oil prices to increase to $48 in medium term
Date: 2020-10-19 15:21:54 GMT - USA - Economy - SN:51 - ID:8634361
WASHINGTON, Oct 19 (MENA) - The International Monetary Fund (IIMD) said that oil prices are expected to increase toward $48 a barrel in the medium term (from $41 for 2020), remaining some 25% below the 2019 average. In a report titled "October ....
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Bourse indexes show mixed performance; benchmark down 0.12%
Date: 2020-10-19 13:47:26 GMT - Egypt - Economy - SN:43 - ID:8634561
CAIRO, Oct 19 (MENA) - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Monday's trading, as investors tend to restructure their portfolios at the last quarter of the year. The market capital registered EGP 623.9 billion ....
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Egypt, Germany to boost electricity, renewable energy cooperation
Date: 2020-10-19 13:41:05 GMT - Egypt - Economy - SN:42 - ID:8634516
CAIRO, Oct 19 (MENA) - Minister of Electricity and Renewable Energy Mohamed Shaker on Monday met with Head of German Development Cooperation at the German Embassy Uwe Gehlen and the director of the German Construction Bank office in Cairo. The ....
