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FINANCIAL NEWS
Egypt economy to increase by 3-3.5 percent this year
17 Apr 2016
(MENAFN) According to the IMF which proclaimed that Egypt has achieved greater stability and confidence in economy, to cut the balance of payments deficit.
Moreover, the growth forecast for Egypt this year ranges between 3-3.5 percent, down from 4.2 percent last year, due to the drop in tourism revenues.
Additionally, major national projects can help accelerate growth and make jobs, whereas Egypt requires USD 12bn per year.
Furthermore, the IMF reached an agreement with Tunisia that involves a loan program of USD 2.8bn through four years.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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