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Economic Environment of Egypt. Egypt is a developing economy. There are many factors that affect its growth. The most crucial economic factor that affects Egypt is inflation. The purchasing ability of the Citizens is compromised if inflation rates are high. Currently Egypt is experiencing high inflation levels. Economic instability is the Direct result of inflation. Foreign investment also is an important factor affecting Egypt. Foreign investors can contribute to development projects of Egypt. Government of Egypt has executed many policies to attract foreign investors and has also provided tax benefits. Agricultural is an essential factor that contributes positively to the GDP by 11.3%. Fall in the agricultural sector can negatively affect the country's economy. Tourism is also a very crucial element of Egyptian economy. 10% to 15% of contribution to the GDP is made by tourism.

@IMF Africa Economic Forecasts. An average of 4.0 percent economic growth for next year...Africa Rising. It is no longer a case of doom and gloom.

The Egyptian economy is expected to experience moderate growth in 2025, with international institutions forecasting a GDP growth rate between 3.5% and 4.5%. This comes after a challenging period marked by global economic disruptions and geopolitical tensions. #Egypt #Africa #MENA #Economy #Business

Nigeria GDP LATEST ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY Nigeria GDP is estimated to be $2.419 trillion dollars by World Economics for 2023 - 89% larger than official estimates. The official estimate for Nigeria's GDP published by the World Bank was $1.277 trillion at the end of 2023 in puchasing power partity terms. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Nigeria's GDP to be $2.419 trillion - 89% larger than official estimates. Nigeria's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries. Data source: World Economics Research, London https://lnkd.in/dFtcsZta

Saudi Arabia is expected to be the second fastest-growing economy in 2025, following closely behind India, according to a revised forecast from the International Monetary Fund (IMF). The IMF has bolstered its positive outlook for the Saudi Arabian economy by raising its growth forecast for 2025 for the second time this year, as outlined in its April edition of the "World Economic Outlook" report. #saudiarabia #imf #india #economy #financeworld #financeworldmagazine

Islamic Economics TOD 328 Sheikh Mohamed bin Rashid Al Maktoum, the Ruler of Dubai, Prime Minister of the UAE and its Vice President, has outlined eight defining principles upon which Dubai is founded and has been governed over the years. These are: 1. The Union is fundamental 2. No One is Above the Law  3. We are a Business Capital  4. Three Factors Drive Growth  5. Our Society has a Unique Personality  6. We Believe in Economic Diversification  7. Dubai is a Land for Talent  8. We Care about Future Generations  These are in fact aligned with the notion of a modern Islamic economy. The economy of Dubai follows this so-called Charter of Economy, delineating main characteristics of such an economy.  Islamic economists must read these fundamentals to get implications for the future of Islamic economics. #sheikhmohamed #hamdanbinmohamed #dubai

The Egyptian economy is expected to experience moderate growth in 2025, with international institutions forecasting a GDP growth rate between 3.5% and 4.5%. This comes after a challenging period marked by global economic disruptions and geopolitical tensions According to the latest report by Egypt’s Cabinet Information and Decision Support Center, the global economic slowdown in 2024, driven by monetary tightening, inflation concerns, and ongoing geopolitical uncertainties, has been a key influence on Egypt’s economic prospects The report highlights the IMF’s forecast of 4% growth for Egypt in 2025, up from 2.7% in 2024, driven by ongoing economic reforms and investments, particularly in the Ras Al-Hekma development project on Egypt's North Coast Read more on our website!

International Monetary Fund projects #Iraqi economy to grow by over 4% in 2025 The International Monetary Fund (IMF) expressed its optimism about the growth of the economies of Arab countries in 2025. In its report issued in the current month, the IMF expected that the Iraqi economy will grow to more than four percent in the coming year, Shafaq News reported. Libya led the Arab nations with an anticipated 13.7 percent economic growth, followed by Sudan with an 8.3 percent growth, Djibouti with a six percent growth, the United Arab Emirates with a 5.1 percent growth, Saudi Arabia with a 4.6 percent growth, Mauritania with a 4.2 percent growth, and Egypt with a 4.1 percent growth, according to the IMF. With an anticipated economic growth of 4.1 percent, Iraq ranked eighth, followed by Somalia with a four percent growth, Morocco with a 3.6 percent growth, Kuwait with a 3.3 percent growth, Bahrain with a 3.2 percent growth, Oman 3.1 percent growth, Algeria three percent growth, and Jordan 2.9 percent growth. Qatar, Tunisia, and Yemen had the lowest growth rates on the list, with 1.9 percent, 1.6 percent, and 1.5 percent, respectively.

America is by far the largest economy in the world. It is a $30Trillion economy. For perspective, it is 150 times Nigeria's relatively measly GDP of $199 Billion. And out of the 30Trillion, around 70% of that is just consumption by households. That is a whopping $21 Trillion for individual consumption and not even consumption generally. This clearly shows you that consumption is very important to an economy. It is as important as production. And import is as important as export. Subsidy is a necessity. Do not be deceived by the voodoo economics Nigerians are accustomed to with the demonisation of consumption, import and subsidy.

THE CFA CURRENCY IS NOT A BRAKE ON ECONOMIC GROWTH WAEMU = Benin Burkina Faso Ivory Coast Guinea Bissau Mali Niger Senegal Togo. WAMU = Gambia Ghana Guinea Conakry Liberia Nigeria Sierra Leone. WAEMU + WAMU + Cape Verde = ECOWAS. Over the period 2010-2022, economic growth was on average: 2.90% worldwide 3.10% in South AfricaSahara 4.1% in WAMU 4.9% in CFA WAEMU countries. In 2023 economic growth was on average: 3% worldwide 3.2% in Africa 3.82% in the WAMU and 4.65% in CFA WAEMU countries. Conclusion: In Africa, CFA countries are growing faster than non-CFA countries. The figures contradict the detractors of the CFA currency who prefer to remain in an ideological posture instead of carrying out a quantitative economic analysis. Source: calculation based on WDI World Bank data. Professor Amath NDIAYE Faculty of Economics and Management. C.A. Diop Diop University