Council of Arab Finance Ministers kickstart meetings in Cairo
Egypt's new administrative capital welcomed the joint annual meetings of the Council of Arab Finance Ministers in…
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Arab Fund for Economic and Social Development
Arab Fund postpones Egypt’s dues for 1 year because of COVID-19
The Egyptian Cabinet approved an initiative of the Arab Fund for Economic and Social Development (AFESD) to…
Egypt’s parliament Oks two deals for housing, water sectors – minister
Egypt's parliament ratified two deals with the International Bank for Reconstruction and Development (IBRD), a…
Egypt’s parliament Oks $53 million deals to fight coronavirus
Egyptian parliament ratified on Monday two deals estimated at $53 million with the International Bank for…
Egypt appoints investment minister as country’s governor to World Bank
Egyptian Prime Minister Sherif Ismail has appointed Wednesday Minister of Investment and International Cooperation…
Egypt signs Arab Fund $85 million finance for photovoltaic power plant
Egypt has signed Wednesday the Arab Fund for Economic and Social Development (AFESD) financing agreement worth 6…
Arab Fund to commit $82 million for Sinai development projects
The Kuwait-based Arab Fund for Economic and Social Development (AFESD) is studying contributing 25 million Kuwaiti…
Egypt’s SFD negotiating $330 million finances from Arab Fund, EIB, OFID
Egypt’s Social Fund for Development (SFD) is negotiating a $330 million financing package from three global…
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
Egypt, Arab Fund sign agreements worth $364mn to finance projects
Egypt signed Tuesday two agreements with the Arab Fund for Economic and Social Development (AFESD) to finance…
EXCLUSIVE: Arab funds’ shares for Sinai development projects
Arab funds have determined the size of their contributions, totalling US$1.5 billion, to development projects in…
Siemens signs agreement to upgrade Egypt’s electrical railway systems
State-run Egyptian National Railways (ENR) and German industrial giant Siemens have signed Thursday an agreement…
Egypt signs $600 million EIB power plant deal
Egypt signed Sunday $600 million agreement with the European Investment Bank (EIB) for the 1,800 MW high-efficiency…
EBRD loans $200 million for Egyptian power plant
Egypt and the European Bank for Reconstruction and Development (EBRD) have signed Tuesday a US$200 million loan to…
Arab Fund secures KWD45 million Loan for Egypt’s Housing
Egypt’s Ministry of Housing has succeeded in securing a loan worth KWD45 million (1.2 billion Egyptian pounds) from…
World Bank wants to Loan $1bn to ‘Polluted Villages Project’: Egypt Minister
The World Bank is interested in participating in the “polluted villages’ project” with $1bn in loans, Egyptian…
Egypt in talks with Arab Fund over $150 million Loan, says Housing Minister
Egypt’s housing ministry is in ongoing talks with the Arab Fund for Economic and Social Development (AFESD) over…
Egypt Cabinet Ratifies AFESD’s $200mn Loan for Walidia Thermal Power Plant
Egypt’s government endorsed on Tuesday a $200 million loan agreement signed with the Arab Fund for Economic and…
AFESD to fund Egypt – Saudi Arabia Power Linkage
Egypt’s Deputy Prime Minister and Minister of International Cooperation Ziad Bahaa El-Din announced that the board…
Egypt:US$6 bln Loan Agreements Signed Since Morsi’s Ouster
The total loans and grants received by Egypt’s army-backed government since July 2013 have hit around US$ 5.9…