Tag: GCC
Middle East investors to inject $120 billion in Egypt
The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
Four AI use cases that will come to dominate the regional BFSI sector
Sid Bhatia, Regional Vice President & General Manager, Middle East & Turkey, Dataiku give insights into four AI use cases that will dominate the region’s BFSI sector
IMF executive board approves $3 billion Egypt extended arrangement
The International Monetary Fund (IMF) said Saturday that its executive board has approved a 46-month $3 billion financial support package for Egypt which is...
IMF calls talks with Egyptian authorities on new program “productive”
The International Monetary Fund (IMF) said that it held productive discussions during a staff visit to Egypt on economic policies and reforms to be...
Egypt secures $500 million from the World Bank to boost food security
The World Bank said Wednesday that it had agreed to provide Egypt with a $500 million (EGP 9.4 billion) loan to boost food security...
Egypt’s central bank keeps key interest rates unchanged
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, saying the ongoing war in Ukraine is among the main external...