World Bank
Africa loses billions due to high cost of remittances
World
April 24, 2018
Africa loses billions due to high cost of remittances
Immigrants sent a $38 billion (€31.1 billion) back home to Africa in 2017, according to a new World Bank briefing…
Egypt, OFID sign $53.2mn irrigation project agreement
Business
April 23, 2018
Egypt, OFID sign $53.2mn irrigation project agreement
Minister of Investment and International Cooperation Sahar Nasr and Chairman of the OPEC Fund of International Development (OFID) Suleiman al-Herbish…
IMF seeks to crack down on corruption, World Bank boosts lending capacity
World
April 23, 2018
IMF seeks to crack down on corruption, World Bank boosts lending capacity
The IMF is calling on wealthier countries to limit potential safe havens for dirty money. Meanwhile, the World Bank has…
Egypt committed to economic reform and would increase taxes: MInister
Business
April 20, 2018
Egypt committed to economic reform and would increase taxes: MInister
Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business
April 19, 2018
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
Lebanon wins pledges exceeding $10 billion in Paris: finance minister
Middle East
April 6, 2018
Lebanon wins pledges exceeding $10 billion in Paris: finance minister
Lebanon won pledges of grants and loans exceeding $10 billion on Friday at a Paris conference aimed at rallying international…
Egypt, Ethiopia and Sudan to meet on Monday for Nile dam talks
Egypt
January 29, 2018
Egypt, Ethiopia and Sudan to meet on Monday for Nile dam talks
The leaders of Egypt, Ethiopia and Sudan will meet on Monday in a bid to break a deadlock in negotiations…
We will not endanger the lives of Egyptians: Ethiopian PM
Egypt
January 18, 2018
We will not endanger the lives of Egyptians: Ethiopian PM
Ethiopian Prime Minister Hailemariam Desalegn asserted on Thursday morning that his country will not put Egyptians life at risk, as…
AFDB approves third $500 mln tranche in support for Egypt’s reform program
Economy
January 18, 2018
AFDB approves third $500 mln tranche in support for Egypt’s reform program
In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
Parliament approves first preliminary bankruptcy law
Egypt
January 10, 2018
Parliament approves first preliminary bankruptcy law
In an effort to improve Egypt’s ranking as an attractive market for investment, the Egyptian General Assembly in Parliament approved the…