Economics
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
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
