World Bank

Egypt says coordinating with World Bank to finance $200 mn program
Economy

Egypt says coordinating with World Bank to finance $200 mn program

Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…
Egypt to receive World Bank loan third tranche in December: official
Business

Egypt to receive World Bank loan third tranche in December: official

Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
Worries over Trump policies cloud start of IMF, World Bank meetings
Business

Worries over Trump policies cloud start of IMF, World Bank meetings

World finance leaders are gathering on US President Donald Trump's home turf on Thursday to try to nudge his still-evolving…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Business

Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank

Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
14 Arab countries sign MoU on electricity connection
Middle East

14 Arab countries sign MoU on electricity connection

Fourteen Arab countries signed a memorandum of understanding to establish a joint Arab electricity market on the sidelines of the…
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Business

Egypt targeting US$9 billion in foreign financing in FY 2017/18

Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters…
Egypt negotiates third tranche of World Bank loan
Business

Egypt negotiates third tranche of World Bank loan

The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of…
Egypt’s economic reforms have effect on macroeconomics: World Bank official
Business

Egypt’s economic reforms have effect on macroeconomics: World Bank official

The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to…
Agreement with World Bank underway for US$150 mn fund: trade minister
Business

Agreement with World Bank underway for US$150 mn fund: trade minister

An agreement with the World Bank for a new funding program is underway, targeting the development of infrastructure and labor-intensive…
Egypt asks for US$400 million loan from World Bank
Business

Egypt asks for US$400 million loan from World Bank

The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of…
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