Today, Tuesday, the procedures for the fourth review of the Egyptian program by… International Monetary FundIntensive meetings are held between the Fund’s mission and officials in the Economic Group of the Ministry, who deal with files related to developments in the economic situation, macroeconomic indicators, and the targets of the financing program worth $8 one … Read more
Confirming that “The Seventh Day” was alone a few days ago with details of the general director’s visit International Monetary Fund For Egypt, Kristina Georgieva, Director General of the International Monetary Fund, arrived in Cairo, leading a high-level delegation from the main international institution, to review the economic indicators and the nature of the situation … Read more
Meta, the world’s number two in online advertising, recorded 40.59 billion dollars (35.16 billion Swiss francs) in turnover, up 19% year-on-year, of which it earned 15.69 billion in profits (13.59 billion Swiss francs, +35%), or more than two billion than analysts expected. Boss Mark Zuckerberg praised during a call with analysts a “good quarter” which … Read more
The International Monetary Fund’s report on the outlook for the global economy was the dominant event of the past week, with the Fund warning of rising risks from wars and the expansion of trade protectionism changing the map of global trade. as it had been formed after the fall of the Soviet Union. In China, … Read more
This year’s Jackson Hole symposium has a special feature, as it takes place in the middle of the election season. And the election is undoubtedly a big challenge for independent central banks. This is because the monetary policy makers cannot on the one hand prejudge the outcome, and on the other hand know what the … Read more
In recent years, the US economy has seemingly achieved an incredible feat. Even with persistent inflation and rising interest rates weighing on consumers and businesses nationwide, and wars in the Middle East and Europe weighing on global growth, there is little sign of an American recession. Against this backdrop, and despite headwinds, US stocks have … Read more
Since 1990, because the collapse of the Soviet world and since then, i.e. for greater than three a long time, the Western world has been dominated by the identical type of financial coverage, completely tailored to the calls for and “desires” of the markets. Then, the truth is, and its adoption Maastricht Treaty in Europe … Read more
For the reason that starting of the 12 months the Houthi assaults within the Crimson Sea have decreased the circulation of ships via the Suez Canal by greater than 50% hurting the worldwide financial system. Her earnings Egypt from the Canal decreased by 46% with a steady downward development. Nonetheless, the port of Piraeus has … Read more
The problems in the US commercial real estate market, which have already hit banks in New York and Japan, have begun to spill over into Europe, raising fears of wider contagion. The aggressive rise in interest rates has led many financial institutions to now receive increasing provisions for debt that mainly concerns property owners and … Read more
Pope Francis indicated that the upcoming COP28 summit, hosted by Dubai on November 30, could lead to “binding approaches to the energy transition.” Announcement Pope Francis called on the COP28 summit, which will be held in a few weeks in Dubai, to reach “binding methods” regarding the energy transition, saying that responses to global warming … Read more