IFC current portfolio with Egypt nears $1.5 bln, in talks for more
The International Finance Corporation (IFC)’s, the investment arm of the World Bank, current portfolio for Egypt is…
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Egypt’s first tranche of IMF finance worth $4 bln, delivered in 2 installments
The $12 billion loan facility that the International Monetary Fund has preliminarily agreed to provide for Egypt…
Al Baraka Bank earmarks $112.6 mln for energy, Suez Canal projects in 2016
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump one billion Egyptian pounds…
Apple given green card to sell energy from solar farm
Electronics giant Apple has been granted permission to sell energy generated at its $850m (£645m) solar farm in…
Euro zone producer prices rise more than expected in June
Euro zone producer prices rose by more than expected in June for a second consecutive month, driven by soaring…
Militants attack two energy plants in north Iraq, kill at least four
Militants stormed two energy facilities in northern Iraq on Sunday, shooting at least four workers and detonating…
Tech shares and muted GDP growth push S&P 500 to record
Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this…
Saudi always reacts to oil supply and demand, watching market: minister
Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand and it…
Saudi minister hopes slower global growth won’t hit oil demand
Saudi Arabia hopes that slower global growth will not trigger a fall in the current healthy demand for oil, Energy…
National Bank of Egypt bets on giant national projects
The capital base of Egypt’s biggest public lender, National Bank of Egypt (NBE) currently exceeds 32 billion…