Browsing Category
Money
IMF upgrades Egypt’s real GDP growth 2022 forecasts to 5.6%
The International Monetary Fund (IMF) upgraded its projections for Egypt’s real GDP growth for 2022 to 5.6 percent,…
Egypt signs World Bank $330 million loan to upgrade rail network
Egypt’s ministry of transport has recently signed a $300 million loan agreement with the World Bank geared towards…
Standard Chartered to open first branch in Egypt next Sept.– c.bank official
Britain’s Standard Chartered Bank will open its first branch in Egypt by next September at maximum, Egyptian…
KfW’s Green for Growth Fund wins licence to provide Tier II capital to Egyptian banks
German development bank KfW’s Green for Growth Fund (GGF) announced on Monday it had been granted a licence from…
Standard Chartered gets initial approval for first Egypt branch
Standard Chartered Bank has obtained preliminary approval from Egypt’s central bank to open its first branch in the…
Egypt’s government gives go-ahead to new capital expansion
Egypt’s government gave the go-ahead to the expansion of the country’s new administrative capital on Wednesday,…
ITFC approves $2.6 billion financing for Egypt
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group,…
Egypt’s Cabinet approves international issuance of sovereign sukuk
Egypt’s Cabinet has given the finance ministry the go-ahead to take measures aimed at issuing sovereign sukuk, or…
Egypt registers first-half primary surplus of EGP 3.2 billion
Egypt registered a primary surplus of 3.2 billion Egyptian pounds ($204.34 million) in the July-December period of…
World Bank revises up FY2021/22 GDP forecast for Egypt to 5.5%
The World Bank forecast on Tuesday revised up its forecast for Egypt’s GDP growth to 5.5 percent for the financial…