Latest in Highlight
Ministry has provided $3.8bn out of $5bn to finance 20 development projects during FY 2016/2017
In 2014, the World Bank funded the original three-year project for the 11 governorates with $500m and AFD with €70m, and in 2015, the EU supplied a grant worth €68m
US dollar loans allocated to pay off foreign commitments on time, no new governmental employment beyond what is necessary
Water ministers of the three countries are visiting the US to gain knowledge about the Colorado River
The ministry is evaluating the investment climate and the requirements for preparing unified state investment policies
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
Egypt improved in four out of the six sub-indices of the Logistics Performance Index, compared to 2014
Madbouly instructed preparation for the launch of about 40,000 units for rent
Qabil said there is “full coordination between the ministries of industry, international cooperation, and local development to put it into action” to align with the government’s vision.
An official at the Cairo Regional Centre for International Commercial Arbitration (CRCICA) said that two confidential reports from the World Bank and the African Development Bank (AFDB) showed that the CRCICA is independent from all parties and fits within the international standards for foreign arbitration. He told Daily News Egypt that the World Bank was …
The conference will go by the name ‘What’s Holding Back the Private Sector in MENA? Lessons from the Enterprise Survey’
Parliamentary sources said the grant is specified for basic hospitals that serve as the first line of defence in the medical care system in Minya, Assiut, Sohag, Qena, and Aswan.
$35bn accumulated in direct and indirect losses from war in Syria and advance of IS in MENA region
Lack of funding and experience are main obstacles for SMEs, says minster of international cooperation
Egyptian delegation agreed with IMF officials to cooperate in studying methods to enforce VAT law
The Ministry report will detail activities of 1,300 Egyptian companies and compare their performance to the period before the revolution
The loan instalment is a portion of the $3 bn loan package signed between the government and Egypt in December 2015
Parliament is yet to discuss and vote on the implementation of the Value Added Tax
Transfast will announce the results of discussions with other leading banks in Egypt to expand its activities and business in two months, says CEO
There are serious steps being taken to support SMEs in Egypt, Sudan, Tunisia, Oman, Morocco, Iraq, and Libya, says secretary-general
Salman added that his ministry will work easing investment procedures in front of Arab and foreign investors
An attempt to provide an account of the brief history of the World Bank loan agreements, negotiations surrounding VAT, and the implications of parliamentary intransigence
Palm Hills sales of approximately EGP 6.5bn, its decision to distribute liquidity in cash on stakeholders reflects optimism and trust in real estate sector
Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted said the first portion of the loan agreed upon with World Bank (WB), estimated at $1bn, has not entered CBE yet
World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam said the international institution will focus on meeting Egypt’s needs to create more jobs by improving governance mechanisms and promoting social inclusion.
Foreign reserves are facing major challenges by the beginning of 2016; repaying installments of foreign debts, covering local demand for dollars
500,000 inhabitants in 79 villages in Kafr El-Sheikh to benefit from the project
1.5m acres reclamation project on top of government agenda
“Without rapid, inclusive and climate-smart development, together with emissions-reductions efforts that protect the poor, there could be more than 100 million additional people in poverty by 2030,” the Bank said in a report.