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World Bank revises down forecast for Egypt GDP growth in FY2022/2023

STORY: World Bank revises down forecast for Egypt GDP growth in FY2022/2023 DATELINE: April 7, 2023 LENGTH: 00:01:09 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Cairo 2. various of banks in Cairo 3. various of supermarkets and markets in Egypt 4. various of tourism industry and shipment industry in Egypt STORYLINE: The World Bank (WB) has revised down its forecasts for Egypt's real GDP growth in 2022-2023 fiscal year and 2023-2024 fiscal year to 4 percent in each of these two fiscal years, down from 4.5 percent it projected in December 2022. In its economic updated report for the Middle East and North Africa (MENA), according to Ahram Online on Thursday, the WB noted its forecast for GDP growth in Egypt for these two fiscal years falls below the 6.6 percent achieved by the country in 2021-2022 fiscal year. The WB report cited improvements in the country's reserves due to the increase in revenues of tourism and Suez Canal as well as foreign financing. However, the WB report found that the h

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GLOBALink | Ryanair reports loss of 355 mln euros in FY2022

Europe's largest budget airline Ryanair suffered a loss of 355 million euros (about 370 million U.S. dollars) in the fiscal year 2022 (FY2022). #GLOBALink Produced by Xinhua Global Service

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Ryanair reports loss of 355 mln euros in FY2022

STORY: Ryanair reports loss of 355 mln euros in FY2022 DATELINE: May 17, 2022 LENGTH: 0:01:03 LOCATION: Dublin CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): ZHANG QI, Xinhua correspondent 2. Ryanair 3. various of the flights STORYLINE: STANDUP (English): ZHANG QI, Xinhua correspondent "Europe's largest budget airline Ryanair said on Monday that it suffered a loss of 355 million euros (about 370 million U.S. dollars) in the fiscal year 2022 (FY2022), which extended from April 1, 2021, to March 31, 2022. This is a significant improvement from a loss of slightly over one billion euros Ryanair reported in the FY2021, said the airline in a statement." Ryanair handled a total of 97.1 million passengers in the FY2022 (from April 1, 2021 to March 31, 2022), up from the 27.5 million passengers it carried in the FY2021. The average occupancy rate of flights operated by Ryanair in the FY2022 was 82 percent, an increase of 11 percentage points from the previous fiscal year. Total revenue for the FY2022 am

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Defence Budget Hearing - Washington

Sen. Chris Coons, D-Del., attends the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Secretary of Defense Lloyd Austin, left, and Chairman of the Joint Chiefs of Staff Gen. Mark Milley talk before the start of the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Secretary of Defense Lloyd Austin talks with a staffer during a brief recess for the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Sen. Lisa Murkowski, R-Alaska, wears seersucker for National Seersucker Day during the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Secretary of Defense Lloyd Austin, left, talks with Chairman Patrick Leahy, D-Vt., at the end of the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Sen. Jeanne Shaheen, D-N.H., attends the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Secretary of Defense Lloyd Austin testifies before the Senate Appropriations Committee for its hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Chairman Patrick Leahy, D-Vt., left, and ranking member Richard Shelby, R-Ala., speak before the start dthe Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Chairman Patrick Leahy, D-Vt., attends the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Secretary of Defense Lloyd Austin testifies before the Senate Appropriations Committee for its hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Sen. Susan Collins, R-Maine, left, and Sen. Lisa Murkowski, R-Alaska, talk during the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Chairman of the Joint Chiefs of Staff Gen. Mark Milley testifies before the Senate Appropriations Committee for its hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Chairman of the Joint Chiefs of Staff Gen. Mark Milley testifies before the Senate Appropriations Committee for its hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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Defence Budget Hearing - Washington

Sen. Chris Coons, D-Del., talks with a staffer during the Senate Appropriations Committee hearing on "A Review of the FY2022 Department of Defense Budget RequestâÂÂ in Washington on Thursday, June 17, 2021. Photo by Caroline Brehman/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

FBI Director Christopher Wray testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

FBI Director Christopher Wray testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

FBI Director Christopher Wray testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

Senator John Kennedy, R-LA, questions FBI Director Christopher Wray during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

Senator Mike Braun, R-IN, questions FBI Director Christopher Wray during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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FBI Director Christopher Wray Hearing - Washington

FBI Director Christopher Wray testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on Capitol Hill in Washington, DC, USA on Wednesday, June 23, 2021. Director Wray answered questions about the FY2022 budget for the Federal Bureau of Investigation. Photo by Sarah Silbiger/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Sen. Joe Manchin (D-WV) speaks during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Sen. Joe Manchin (D-WV) speaks during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

An aide passes a note to U.S. Secretary of House and Urban Development Secretary Marcia Fudge as she testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe Bidenâs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Sen. Joe Manchin (D-WV) (R) listens to an aide during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Sen. Joe Manchin (D-WV) listens during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

An aide passes a note to U.S. Secretary of House and Urban Development Secretary Marcia Fudge as she testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Sen. Joe Manchin (D-WV) during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Sen. Joe Manchin (D-WV) during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Sen. Joe Manchin (D-WV) (R) listens to Secretary of House and Urban Development Secretary Marcia Fudge during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Sen. Joe Manchin (D-WV) during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

WASHINGTON, DC - JUNE 10: U.S. Sen. Joe Manchin (D-WV) (R) speaks during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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HUD Secretary Fudge Testifies Before Senate On Proposed Budget - Washington

U.S. Secretary of House and Urban Development Secretary Marcia Fudge testifies during a hearing before Transportation, Housing and Urban Development, and Related Agencies Subcommittee of Senate Appropriations Committee at Dirksen Senate Office Building June 10, 2021 on Capitol Hill in Washington, DC. The subcommittee held the hearing to review President Joe BidenâÂÂs FY2022 budget request for HUD. Photo by Alex Wong/Pool/ABACAPRESS.COM

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