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![Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The report noted strong performance in the fuel and tourism sectors
![Egypt secures $2 billion in budget support from key development partners to boost private sector](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
![What is an ETF? Explaining exchange traded funds](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500
![Abu Dhabi’s startup ecosystem ranked fastest growing in MENA, raises $1.06 billion in VC: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors
![U.S. pledges $130 million to support Egypt’s development efforts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects
![Inflation in Egypt predicted to drop by 10 percent by end of June 2025: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement
![Four Egyptian banks receive positive outlook on improved foreign currency liquidity: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
![Oman, Kuwait ink four agreements in investment, education and metrology](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
![Egypt’s annual urban inflation rate decreases to 32.5 percent in April](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
![ATM 2024: Egypt seeks GCC investment boost for tourism development](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects
![COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
At COP28, countries pledged a total of $792 million for loss and damage funding arrangements
![Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Jasoor Fund propels digital transformation and technological advancement across the region
![Sri Lanka’s inflation plummets to 2.5 percent in March driven by a 22 percent reduction in power tariffs](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Food prices remained unchanged at 5 percent in March compared to February
![Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies
![Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Adesina said the devastating African drought demands urgent, collective action to boost support and financing
![Egypt to ensure foreign currency availability through maintaining flexible exchange rate](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
![IMF’s Georgieva urges China to address economic slowdown, enhance productivity](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
![Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
![IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
![Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
![Egypt’s inflation rate decelerates to 33.3 percent in March](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February
![China to establish $70 billion re-lending program to support science and technology sectors](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program
![Kristalina Georgieva positioned as only candidate for second term as managing director of IMF](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Georgieva's current term is set to expire in September 2024
![Egypt’s foreign reserves jump to $40.36 billion in March](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The reserves surged by 14.4 percent