World Bank

Why World Bank and NGOs fail
Opinion

Why World Bank and NGOs fail

A few days ago, I was invited to a meeting for the World Bank’s office in Cairo to discuss a…
Egypt’s unemployment rate rises to 12.4%
Business

Egypt’s unemployment rate rises to 12.4%

Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
World Bank okays US$240 mln loan for Giza power plant
Egypt

World Bank okays US$240 mln loan for Giza power plant

The World Bank approved on Tuesday a US$240 million loan to help Egypt develop the Giza North power project as…
Dented economy haunts Egypt a year after revolt
Business

Dented economy haunts Egypt a year after revolt

A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
World Bank head expects ‘tensions’ over US$1bn loan
Business

World Bank head expects ‘tensions’ over US$1bn loan

The head of the World Bank expects “tensions” as Egypt negotiatesa US$1 billion loan with the international lender, which could…
Deficit in new budget exceeds LE140 bln
Business

Deficit in new budget exceeds LE140 bln

The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
EU pledges US$650 million in aid to Egypt
Business

EU pledges US$650 million in aid to Egypt

The European Union will give Egypt a financial aid package worth US$650 million, Egyptian Minister of Finance Momtaz al-Saeed said…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business

Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
Brotherhood Supreme Guide Badie meets with US ambassador
Egypt

Brotherhood Supreme Guide Badie meets with US ambassador

The popularity of the United States is diminishing because of US support for dictators, Muslim Brotherhood Supreme Guide Mohamed Badie…
Egypt signs US$200 million loan with World Bank
Business

Egypt signs US$200 million loan with World Bank

The Egyptian government is signing an agreement with the World Bank for a loan of US$200 million, Minister of Planning…
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