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FEDCOC organised a conference on Monday to identify aspects of economic integration between countries of the Arab region.
Announcement comes during deputy Prime Minister’s visit to Washington DC last week
Investments in fields of renewable energy, resource efficiency and climate change adoption are expected in emerging Europe, Central Asia, Middle East and North Africa, according to IFC report
Lack of these traits hindering business growth, report says
The World Bank report came about a fortnight after the Middle East Quartet published a plan to revive the ailing Palestinian economy, in an effort to support peace negotiations between Israel and the Palestinians.
Egypt drops by 11 positions to reach 118th place in this year’s Global Competitiveness Index (GCI)
By Archil DZULIASHVILI In October 2012 parliamentary elections were held in Georgia. It was the 8th legislative election held since 1990, and the first time in the history of Georgia that a transfer of power happened peacefully, without rallies and demonstrations. A new government led by Prime Minister Bidzina Ivanishvili and the Georgian Dream Coalition came to …
The World Bank reveals that the plan involves providing technical assistance
The project, whose budget is $300m, aims to construct wastewater treatment plants, collection networks, and decentralised treatment systems.
Helwan South gas-fired power plant to help create jobs
The MENA economies, projected to grow 2.5 percent, are still feeling the impact of political and social tensions from the Arab Spring
IFC is establishing the MENA SME Facility in partnership with the World Bank, International Financial Institutions and donors.
World Bank study: Essential to accommodate new participants in job market
By: Mohamed A. Fouad The Egyptian economy is slated for a growth of only 2% in the fiscal year ending June 2013. Despite President Mohamed Morsi’s hope for a 5.5% growth next year, the outlook for 2014 is not flattering. Earlier this year, the World Bank forecasted economic growth at 3.8% for 2014 and in a …
Council wants to set up Arab-wide electricity grid
Kuwait Fund for Arab Economic Development and Arab Fund for Economic and Social Development grant $250m to develop Banha-Zagazig Railway line
Online initiative helps women entrepreneurs gain access to financing
Cyprus ‘impressed’ with Egypt’s banking sector, says governor of Egypt’s Central Bank on sidelines of spring meetings in Washington
Government ‘dreaming’ if it thinks it can secure IMF agreement during spring meetings, says economic expert
Charges result of Damietta Port crisis
Finance Minister Al-Morsi Hegazy will travel to Washington to resume negations over $4.8bn loan during annual joint IMF and World Bank spring meeting
Bank Information Centre and Egyptian Initiative for Personal Rights say the World Bank must do more to ensure future loans are used more effectively
Private sector key to unlocking Egypt’s ‘long-term economic potential’, says Jin-Yong Cai, International Finance Corporation CEO
By Farah Halime, Rebel Economy Circumstances beyond our control, including our parents’ job titles, have become more important in deciding the fate of young Egyptians in the job market, World Bank data shows. The type of job a young person ends up with is heavily influenced by the occupations of their parents, underscoring the inequality …
Public-private partnerships expected to provide Government with new mechanisms to attract foreign investments
The project targets those who are incapable of finding a job, and labourers
However, while advances have been made in basic public health, further expansion will require greater investment from both the state and private industry, if the country is to address challenges weighing on the sector
World Bank $450m loan and $6.7m endowment is simply not enough to improve water and sanitation networks, says economic expert
World Bank stresses importance of supporting Egypt, Qandil pushes for railway funding
The investment in ‘Fawry’ the electronic payment provider, will be used to extend the network of payment terminals across the country