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    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

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          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              World Bank projects Egypt’s economy to grow at fastest regional pace in 2018

              Daily News Egypt

              June 7, 2017
              in Economy
              0

              A recent report issued by the World Bank projected Egypt’s economy to grow at the fastest pace in the region, bolstered by a sharp recovery in investments.

              The World Bank’s latest Global Economic Prospects report sees GDP growth in Egypt clocking in at the fastest pace of any country it covers in the Middle East and North Africa (MENA) region next year and the year after.

              The report sees growth at 4.3% this year accelerating to 5.0% in 2018 and 5.3% in 2019, which is more than twice the pace it expects from the GCC countries.

              The report forecasts Gulf economies to see an average growth of 1.8% this year and 2.8% in 2019.

              Egypt is also expected to outpace the MENA region average of 2.2% this year and 3.2% in 2019.

              “Egypt’s growth is expected to remain near 4% in fiscal year 2017 and strengthen in the two years thereafter, supported by the gradual implementation of business climate reforms and improved competitiveness, although high inflation weighs on near-term activity,” the report explained.

              According to the report growth in MENA region remained subdued at 3.2% in 2016, due in part to the impact of low oil prices on the region’s key oil exporters’ growth. The Gulf Cooperation Council (GCC) economies are held back by these low oil prices and fiscal consolidation.

              “Lower transfers from oil funds to general budgets were accompanied by tightened liquidity in the banking sector, which is reliant on public sector deposits, and has weighed on non-oil activity. Offsetting the slower growth in GCC oil exporters was stronger-than-expected growth in non-GCC oil exporters, due to rising oil production in the Islamic Republic of Iran following the lifting of sanctions, as well as improved security in Iraq,” the report explained.

              For 2017, the World Bank sees growth in the MENA region continue to be held back by oil production cuts, fiscal consolidation, and regional conflicts.

              “Production in the oil sector has declined in the first four months of 2017 as a result of the November 2016 OPEC production cut agreement. Oil production cuts in the first quarter of 2017 amounted to more than one million barrels a day relative to October 2016 levels. The largest cuts were implemented by Saudi Arabia, but compliance with OPEC mandates has been higher than expected across most oil exporters,” the World Bank’s report noted.
              Daily News Egypt
              7 June

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