Kuwait Fund signs $108mn loan for Egypt’s South Helwan power project
Egypt has signed Tuesday a 30 million Kuwaiti dinars (around $108 million) loan with the Kuwait Fund for Arab…
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World Bank
World Bank cancels $38 million loan signed in 2009 for Egypt sanitation projects
The World Bank has cancelled a $38 million loan for Egypt’s sanitation projects, a governmental source with…
Egypt’s foreign reserves slightly rise in January for fourth month in row
Egypt’s foreign currency reserves inched up in January for the fourth consecutive month, to reach $16.477 billion…
IFC pledges $144 million for Egypt’s energy infrastructure, ports
The International Finance Corporation (IFC), a member of the World Bank Group, announced Thursday it is providing a…
Bank Audi-Egypt, IFC sign cooperation deal to boost SME funding
Bank Audi Egypt, the Egyptian arm of Lebanon-based Bank Audi, has signed Sunday a cooperation agreement with World…
World Bank reveals details on Egypt’s $3 billion loan
The World Bank revealed Saturday details of its $3 billion loan to the Egyptian government which entail reducing…
World Bank secures $500 million to develop industrial zones in Upper Egypt
The World Bank will finance the development of the infrastructure for the industrial zones in Upper Egypt…
Moody’s: Egypt’s higher SME lending quota supports economy but endangers banks’…
The Central Bank of Egypt (CBE) instructed on January 11th Egyptian banks to raise their lending to small and…
Sisi approves amendments to World Bank healthcare cooperation project
President Abdel Fattah al-Sisi issued a decree approving amendments to the cooperation project signed between Egypt…
World Bank slashes Egypt’s predicted 2016 growth rate to 3.8%
Egypt's economic growth is forecasted to slow to 3.8 percent in financial year 2015/16 from 4.2 percent expected in…
