African Development Bank funds for Egypt’s energy sector hit $1.2bn
African Development Bank (ADB) has allocated finances estimated at US$1.2 billion to enhance Egyptian energy…
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Abdel Al urges recovery of stolen assets during visit to Switzerland
Egypt's speaker of parliament Ali Abdel Al has again called on Switzerland to work with Egypt in recovering…
Saudi Arabia allocates $31 million to activate Sisi’s initiative for youth
The Saudi Fund for Development grants 250 million Egyptian pounds ($31 million) to Egypt’s Social Development Fund…
Four banks ink $381mn-bridge loan for Egypt’s Social Housing project
Egyptian housing ministry and Social Housing Fund have signed a bridge loan agreement with four banks to provide…
Egypt can recover funds in Swiss banks only if proven to be illicit gains
Switzerland cannot start the retrieval process from Swiss banks for the frozen assets of Egyptian ex-president…
Justice minister negotiates with 15 businessmen to return smuggled funds
Minister of Justice Ahmed Al-Zind said negotiations were ongoing with 15 of those charged with making illicit…
Egypt’s National Bank, AfDB portfolio for SMEs hit $340mn
The total funds provided by the African Development Bank (AfDB) in favor of the National Bank of Egypt (NBE) for…
NBE funds for medium-sized leasing firms hit $338mn
The total funds of National Bank of Egypt (NBE) for medium-sized leasing firms hiked to 2.650 billion Egyptian…
Egypt’s private insurance funds record $5.5bn in investments
The investments of the private insurance funds in Egypt grew 8 percent in 2014 to reach 43 billion Egyptian pounds…
Private insurance funds assets hit $6bn in FY2014-15: Egypt regulator
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion)…
