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EBRD forecasts moderate growth rise for Tunisia and Egypt in 2025

The European Bank for Reconstruction and Development (EBRD) has adjusted Egypt’s economic growth projection upward, anticipating a 4% increase in FY2024/2025, indicating a positive recovery trajectory. Growth for FY2023/2024 was revised to 2.7%, with GDP expansion expected to reach 3.2% in 2024 and 4.5% in 2025. Inflationary pressures have moderated, with inflation declining to 25.7% […]

Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]

Morocco helps Sri Lanka identify suicide bombers

Morocco has offered intelligence that helped Sri Lankan authorities identify the suicide bombers and their mentors in the Islamic State, Outlook India said in an exclusive reporting. The information was also shared with India as New Delhi and Morocco have a strong counter-terror cooperation, it said. Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said […]