Funds

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

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

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

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

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

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

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Abu Dhabi fund’s development and investment financing surpasses $58.8 billion in 2023

Achieving sustainable development and supporting developing countries remains a priority

Investopia 2024: IOTA Foundation launches $10 million investment fund

The fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and new economy projects

EU commits $8 billion aid package to Egypt for migration management, trade expansion

Under the aid package, Egypt will receive a combination of grants and loans over the next three years

Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal

The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1