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FINANCIAL NEWS
Egypt’s economy to drop by 3.3 percent in 2016
13 Apr 2016
(MENAFN) The Intl’ Monetary Fund (IMF) predicted a 3.1 percent growth in emerging markets in the coming two years, compared to 2.5 percent in 2015.
Additionally, it also predicted a global economic increase of 3.3 percent through 2016, whereas in Jan this dropped by 0.2 percent.
Moreover, consumer prices in Egypt are expected to increase by 10.7 percent this year, compared to 11 percent in 2015.
On the other hand, inflation in the country was 11 percent in 2015 and the IMF expects it will fall to 9.6 percent and 9.5 percent in 2016 and 2017.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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