The World Bank will release the second $500 million tranche of its financial support to Egypt before the end of 2025, according to the bank’s Regional Director for Egypt, Yemen, and Djibouti, Stephane Guimbert.

The World Bank has revised its forecast upward for Egypt’s economic growth during the current and next fiscal years (FYs), as per the latest "Jobs and Women: Untapped Talent, Unrealized Growth" report.

The General Authority for Investment and Free Zones (GAFI) reviewed the impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) on the Egyptian economy, particularly the iron and steel sector

The World Bank Group (WBG) has reported that its current partnership portfolio with Egypt includes 13 ongoing projects worth $6.5 billion.

The World Bank Group (WBG) has upgraded its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2024/2025 to 3.8%, up from a January forecast of 3.5%.

Egypt allocated EGP 732.6 billion for social protection in the fiscal year (FY) 2025/2026 budget, Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, announced.

The World Bank has raised its forecast for Egypt’s real gross domestic product (GDP) growth for fiscal year (FY) 2024/2025 by 0.3% to 3.8%.

The World Bank (WB) is preparing for the second phase of Egypt’s budget support program, following the successful completion of the $500 million first phase in mid-2024.

The World Bank expects Egypt’s real gross domestic product (GDP) growth for fiscal year (FY) 2024/2025 to hit 3.5% and 4.2% in FY2025/26, according to the financial institution’s Global Economic Prospects report for January.

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and Minister of Investment and Foreign Trade Hassan El-Khatib have discussed the progress of the Foreign Direct Investment (FDI) Strategy in Egypt for 2025-2030 with a World Bank delegation.

The World Bank Group (WBG) has downgraded its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2024/2025 to 3.5%, down from a previous forecast of 4.2% announced in June, according to Growth in the Middle East and North Africa MENA Economic Update.

The Egyptian petroleum sector is preparing for new investment opportunities aimed at attracting international partners and financing entities, such as the World Bank, to support production efficiency and sustainability in Egypt, Minister of Petroleum and Mineral Resources Karim Badawi announced in a meeting with a World Bank delegation.

The World Bank expects remittance flows to the Middle East and North Africa (MENA) region to see a moderate increase of 4.3% in 2024 to $58 billion.

The World Bank Group’s (WBG) board has approved a $700 million concessional financing to the Egyptian government.

The World Bank Group (WBG) has reaffirmed its forecasts for Egypt's real gross domestic product (GDP) growth, maintaining it at 4.2% for fiscal year (FY) 2024/2025 and 4.6% for FY 2025/26, as reported in the bank’s Global Economic Prospects Report for June.