Economics
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
SCZONE inked 14 agreements with major Chinese companies to boost investment
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
The report predicts an 18.1 percent average annual headline inflation rate
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
The CPI reached 106.67 points in March
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
