}

World Bank upgrades Egypt’s FY2025/26 GDP growth forecast to 4.6%

The World Bank has upgraded its forecast for Egypt’s real gross domestic product (GDP) growth in the current fiscal year (FY) 2025/2026 to 4.6% from 4.3% projected in April, according to the June 2026 Global Economic Prospects report.

HDP, TULUA pen agreement with Radisson Blu for hotel development at The Island project

Housing and Development Properties (HDP), the real estate arm of Housing and Development Bank, has signed a partnership agreement with TULUA Developments and Radisson Blu to develop and operate a hotel within Blu Stays, the final phase of The Island project in Marina 5 on Egypt's North Coast.

What is your expectation for the US Federal Reserves’ next meeting to revise interest rates?