World Bank

AMEA Power signs agreements for renewable energy stations worth billions
Business

AMEA Power signs agreements for renewable energy stations worth billions

Prime Minister Mostafa Madbouly attended the signing ceremony of the financial closure agreements between the Emirati AMEA Power company.  …
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Business

Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister

The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Egypt to register economic growth of 4.8% in 2023: World Bank
Business

Egypt to register economic growth of 4.8% in 2023: World Bank

The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…
Up to 5 million Egyptian families now benefit from ‘Takaful and Karama’ pensions
Egypt

Up to 5 million Egyptian families now benefit from ‘Takaful and Karama’ pensions

The number of families benefiting from the ‘Takaful and Karama‘ program’s pensions has risen to five million, bringing the cost…
Professor comments on the possibility of Ethiopia selling water to Israel through Egypt
Egypt

Professor comments on the possibility of Ethiopia selling water to Israel through Egypt

“If Ethiopia thinks at any time of selling water to Israel, it can only take place through Egypt, and this…
World Bank approves $500 million in development financing to Egypt
Egypt

World Bank approves $500 million in development financing to Egypt

The World Bank has approved US$500 million in development financing to enhance Egypt’s efforts to achieve food security, and strengthen…
CBE governor to chair annual meetings of World Bank Group and IMF in October
Business

CBE governor to chair annual meetings of World Bank Group and IMF in October

The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming…
Egyptian gas exports to Europe range between 10% and 15%, minister
Economy

Egyptian gas exports to Europe range between 10% and 15%, minister

The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla said on Tuesday that Egyptian gas exports to Europe range…
Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln
Business

Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln

The Central Bank of Egypt (CBE) announced that remittances from Egyptian expatriates rose in March to about US$3.3 billion, an…
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
Economy

Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings

Egyptian Finance Minister Mohamed Maait presented his country’s experience in economic reform before the Spring Meetings of the World Bank…
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