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Financial Institutions
Africa has 21 Sovereign Funds with $165bln assets: el-Saeed
There are 21 African Sovereign wealth funds with total assets of $165 billion in In Algeria, Libya, Botswana,…
Egypt, World Bank sign $1bln to support private sector
Egypt has signed with the World Bank a $ 1 billion financial package to support the next phase of the Egyptian…
Egypt, EU ink a € 15 mln grant to support infrastructure projects
Egypt has inked a 15-million-euro grant with the European Union to support infrastructure development in six…
GB Lease signs 6 contracts of EGP 594 mln in October
Egypt’s GB Lease Company signed on Sunday six leasing contracts worth 594 million Egyptian pounds ($33.1 million)…
China-led AIIB board approves $510 mln funding for Egypt infrastructure projects
The China-backed Asian Infrastructure Investment Bank’s (AIIB) board of directors approved a $510 million in…
Egypt, ERBD, EU sign €168 mln fund for Kitchener Drain
Egypt has signed €168 million financial package with European Bank for Reconstruction and Development and European…
Africa women empowerment needs patience, perseverance, partnership: EFG-Hermes
Having a real women empowerment change in Africa will come with “patience, perseverance, partnership and passion,”…
Egypt to adjust customs’ duties on luxury goods to benefit economy
Egypt's Finance Ministry’s decision to adjust the customs dollar exchange rate for non-essential goods, tying it to…
Africa entrepreneurship potentials are limitless – World Bank’s IFC head
Phillip Le Houerou, chief executive of the World Bank’s International Finance Corporation (IFC), says on Saturday…
Egypt, Kuwait sign agreement to fund Bahr El-Baqar, Sinai projects worth $127 mln
Egypt has signed with the Kuwait Fund for Arab Economic Development two agreements worth 2.28 billion Egyptian…