Top 10 Viral News Stories in December’s 3rd Week
Updated 12/20/2024 9:00:00 AMArab Finance: The third week of December 2024 ended with key events, topped by Mastercard Economics Institute's positive outlook for Egypt’s economy in 2025, in addition to green investment plans to boost the country’s sustainability.
Here are the 10 most viral news stories for the week of December 15th to 19th.
1-Egypt’s GDP expected to grow 4% in 2025: Mastercard Economics Institute
Egypt’s gross domestic product (GDP) is expected to grow by 4% year-on-year (YoY) in 2025, according to the Mastercard Economics Institute’s annual report.
2- Egypt aims to be among top 20 gold exporters by 2025
Egypt is seeking to become among the world’s top 20 gold exporters by 2025, Ehab Wasif, head of the gold and jewelry industry division at the Federation of Egyptian Industries (FEI) told Asharq.
3- CBE reports 181% surge in Egypt’s financial inclusion rates
Financial inclusion rates in Egypt increased by 181% during the period from December 2016 to June 2024, according to a statement by the Central Bank of Egypt (CBE).
4- Egypt unveils EGP 5.5B in compensation for Ras El-Hekma residents
The Egyptian government has so far paid about EGP 5.5 billion in compensation to residents of the Ras El-Hekma area.
5- Fitch Solutions’ BMI downgrades forecasts for Egypt’s FY2024/25 economic growth
Egypt’s economic growth is expected to fall to 3.7% from 4.2% in fiscal year (FY) 2024/2025, according to Egypt Country Risk Report by BMI, a Fitch Solutions Company.
6- Finance Minister extends tax dispute settlement deadline to June 2025
Minister of Finance Ahmed Kouchouk has decided to extend the deadline for resolving tax disputes until June 30th, 2025, according to a statement published by the Official Gazette.
7- Banque du Caire to list shares on EGX in H1 2025
Banque du Caire is set to float its shares on the Egyptian Exchange (EGX) during the second half (H2) of 2025, sources told Almal News.
8- Abu Qir Fertilizers inks 3 key deals to boost sustainability, energy efficiency
Abu Qir Fertilizers has signed three major agreements to enhance sustainability, reduce carbon emissions, and improve energy efficiency, according to a statement by the Ministry of Petroleum and Mineral Resources.
9- China's XinFeng to develop $1.65B integrated industrial complex in Egypt
Chinese steel giant XinFeng is planning to establish a $1.65 billion integrated industrial complex within the Sokhna Industrial Zone affiliated to the General Authority for the Suez Canal Economic Zone (SCZONE).
10- AD Ports awards Hassan Allam Construction deal for new terminal in Egypt
AD Ports Group appointed Hassan Allam Construction, Hassan Allam Holding’s unit, to develop the infrastructure of Noatum Ports-Safaga Terminal in Egypt.
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