World Bank
Egypt says coordinating with World Bank to finance $200 mn program
Economy
May 19, 2017
Egypt says coordinating with World Bank to finance $200 mn program
Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…
Egypt to receive World Bank loan third tranche in December: official
Business
May 4, 2017
Egypt to receive World Bank loan third tranche in December: official
Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
Worries over Trump policies cloud start of IMF, World Bank meetings
Business
April 20, 2017
Worries over Trump policies cloud start of IMF, World Bank meetings
World finance leaders are gathering on US President Donald Trump's home turf on Thursday to try to nudge his still-evolving…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Business
April 18, 2017
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
14 Arab countries sign MoU on electricity connection
Middle East
April 7, 2017
14 Arab countries sign MoU on electricity connection
Fourteen Arab countries signed a memorandum of understanding to establish a joint Arab electricity market on the sidelines of the…
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Business
March 22, 2017
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters…
Egypt negotiates third tranche of World Bank loan
Business
March 22, 2017
Egypt negotiates third tranche of World Bank loan
The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of…
Egypt’s economic reforms have effect on macroeconomics: World Bank official
Business
March 13, 2017
Egypt’s economic reforms have effect on macroeconomics: World Bank official
The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to…
Agreement with World Bank underway for US$150 mn fund: trade minister
Business
March 1, 2017
Agreement with World Bank underway for US$150 mn fund: trade minister
An agreement with the World Bank for a new funding program is underway, targeting the development of infrastructure and labor-intensive…
Egypt asks for US$400 million loan from World Bank
Business
January 25, 2017
Egypt asks for US$400 million loan from World Bank
The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of…