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FINANCIAL NEWS
IMF predicts 4pct increase for Egypt’s 2016/17 FY
05 Oct 2016
(MENAFN) The Intl’ Monetary Fund (IMF) predicts 4 percent increase for Egypt in the financial years of 2016/17.Accordingly, the country’s real GDP growth for FY 2014/2015 reached 4.2 percent, while it predicts a 3.8 percent growth in FY 2015/2016 and 6pct in 2020/2021.The increase is attributed to the government’s predictions that the reforms being applied in FY 2016/2017 could reflect positively on the private sector.Moreover, growth could reach 4-4.5 percent this fiscal year and could increase to 5 percent when the US dollar lack problem is resolved in H2 of FY 2016/2017.
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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