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Middle East recovery is expected to be fueled by an uptick in oil production and a reduction in regional conflicts
Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support
Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister
Non-hydrocarbon sectors thrive due to tourism, construction, public spending, and growth in financial services
Despite the stable global growth forecast, disparities among countries are widening
As we face the year 2025, the MENA region is poised for growth, with the non-oil economy playing a critical role
Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026
Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent
The country's economic growth is projected to lead region in 2025, says Dr. Azour
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
