World Bank
Middle-class Egypt adapts to survive as austerity bites
Egypt
December 15, 2017
Middle-class Egypt adapts to survive as austerity bites
Swapping new cars for cheaper models, cutting back on pricy supermarket shopping and giving up holidays abroad, middle-class Egyptians are…
Egypt signs $653 mn solar park deal with IFC led consortium, Egypt’s largest
Business
October 30, 2017
Egypt signs $653 mn solar park deal with IFC led consortium, Egypt’s largest
Egypt signed an agreement on Sunday for the construction of 13 solar-power plants in Aswan financed by a consortium led…
Improving world economy still needs help from low rates
Economy
October 15, 2017
Improving world economy still needs help from low rates
The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates…
IMF expects Egypt’s growth to reach 5.3% in 2019
Business
October 12, 2017
IMF expects Egypt’s growth to reach 5.3% in 2019
The International Monetary Fund (IMF) expects Egypt’s growth rate to reach 5.3 percent with inflation falling to 13.5 percent by…
Egypt to receive $2.1 bn funds from organizations: Minister
Business
October 5, 2017
Egypt to receive $2.1 bn funds from organizations: Minister
Egypt is expected to receive funding in the coming months at a total of US$2.15 billion, including $1 billion from…
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
Business
July 11, 2017
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank’s commercial lending arm,…
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
Egypt
July 3, 2017
Walt Disney lifts ban on merchandise produced in Egypt: Trade minister
After four months of negotiations with Egyptian officials, Walt Disney Company has decided to lift the ban it placed on…
Lebanon dam planned over fault line stirs controversy
Environment
June 29, 2017
Lebanon dam planned over fault line stirs controversy
Lebanon’s government says a dam planned for a valley near Beirut is vital to tackle chronic water shortages, but the…
International Cooperation Minister boosts investments into Upper Egypt
Economy
June 17, 2017
International Cooperation Minister boosts investments into Upper Egypt
International Cooperation Minister Sahar Nasr said that her ministry is currently focusing on pumping investments into Upper Egypt’s development projects,…
Egypt negotiates 3rd tranche of World Bank loan
Business
May 25, 2017
Egypt negotiates 3rd tranche of World Bank loan
Minister of Investment and International Cooperation Sahar Nasr met with Asaad Alem, the World Bank’s Regional Director in Cairo, on Wednesday…