Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy, Investigations

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Egypt’s economy to grow 5.2 percent in current fiscal: IMF

By TRENDS Desk
July 27, 2021 9:02 am

    • FDI is forecast to rise to $8.6 billion this fiscal

    • The average inflation rate is seen at 6.6 percent this fiscal

    Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8% in the last financial year. This is the assessment of the International Monetary Fund that has forecast Foreign Direct Investment to rise to $8.6 billion in the ongoing financial year.

    As for FY22/23, the country’s real gross domestic product (GDP) growth is projected to accelerate to 5.6%, according to a report by the IMF.

    The average inflation rate is seen at 6.6% in FY21/22 and 6.8% in FY22/23.

    Foreign direct investment (FDI) is forecast to rise to $8.6 billion in FY21/22, $11.7 billion in FY22/23, $14.9 billion in FY23/24, and $16.5 billion in FY24/25.

     

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]