World Bank
WB expert lauds Egypt’s economic reforms
Business
October 20, 2014
WB expert lauds Egypt’s economic reforms
A senior expert at the World Bank has said that the world organization is not concerned with the absence of…
Finance Minister: Recent economic reforms solely Egypt’s decision
Business
October 2, 2014
Finance Minister: Recent economic reforms solely Egypt’s decision
Minister of Finance Hany Qadry Damian has admitted to Egypt’s absence from the world transparency rankings over the last three…
Egypt signs $500m loan with World Bank for home gas delivery
Business
September 11, 2014
Egypt signs $500m loan with World Bank for home gas delivery
Egypt will sign Thursday a deal with The World Bank to obtain a loan worth US$500 million for a project…
World Bank: Political unrest impedes Egyptian economy growth in 2014 and 2015
Business
April 12, 2014
World Bank: Political unrest impedes Egyptian economy growth in 2014 and 2015
A report from the World Bank, issued in April, expected the economic growth rate in Egypt to rise slightly in…
Egypt’s new finance minister faces daunting task
Egypt
July 15, 2013
Egypt’s new finance minister faces daunting task
Egypt's new finance minister is a U.S.-educated economist who will need all his training to help pull his country out…
Budget deficit climbs to LE146.5 bln
Business
March 28, 2013
Budget deficit climbs to LE146.5 bln
The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
World Bank’s IFC plans Egypt currency swaps: CEO
Business
March 18, 2013
World Bank’s IFC plans Egypt currency swaps: CEO
The International Finance Corp plans to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs,…
Saudi Arabia gives US$25 million to MENA transition fund
Business
February 21, 2013
Saudi Arabia gives US$25 million to MENA transition fund
The Saudi Fund for Development has agreed to give US$25 million to the World Bank’s Middle East and North Africa…