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World
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Africa
9/5/2024 12:15:05 PM
Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the pandemic.
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Al-Ahram Weekly
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Economy
8/29/2024 10:33:00 PM
New initiatives for the industrial sector are in the offing to increase local production and decrease the imports bill.
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Egypt
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Foreign Affairs
7/23/2024 11:28:56 PM
Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Badr Abdelatty expressed on Tuesday Egypt's aspiration for Germany's support in accelerating the disbursement of EU financing packages in light of the economic challenges resulting from the escalating crises in the region.
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Business
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Economy
7/23/2024 4:30:12 PM
Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt, said Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat on Tuesday.
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Business
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Economy
7/14/2024 2:17:07 PM
The European Union (EU) is likely to disburse the first tranche of its 7.4 billion euros financing package to Egypt, worth one billion euros, by next fall (in September or October), head of the EU delegation in Egypt Ambassador Christian Berger told MENA news agency on Saturday.
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Business
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Economy
7/1/2024 7:22:25 PM
Egypt's Minister of International Cooperation Rania Al-Mashat stated that the European Union’s €1.8 billion investment package to Egypt will attract a total of €11 billion in foreign direct investments (FDIs).
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Business
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Economy
6/30/2024 6:29:43 PM
Over two days, Egypt hosted the first Egypt-EU Investment conference that witnessed the signing of deals worth $40 billion. The conference also saw the signing of the first tranche of the EU's financing package for Egypt worth €1 billion out of a total of €7.4 billion.
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Business
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Economy
6/29/2024 9:25:57 PM
Minister of International Cooperation Rania Al-Mashat and European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi signed on Saturday four agreements financed by grants worth nearly €300 million provided by the European Union (EU).
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Business
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Economy
6/24/2024 7:54:04 PM
Egypt has mobilized $2 billion in financings over the past few months, following negotiations with International Financial Institutions (IFIs) and multilateral and bilateral development partners, Minister of International Cooperation Rania Al-Mashat announced in a statement on Monday.
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Business
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Economy
6/24/2024 11:42:38 AM
The World Bank (WB) has announced $700 million in Development Policy Financing (DPF) for Egypt to support the country’s shift towards more private sector participation, better macroeconomic and fiscal resilience, and a greener growth trajectory, the WB said in a statement on Monday.
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Egypt
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Health
6/9/2024 1:22:29 PM
Egypt is keen to support the Africa Centres for Disease Control and Prevention initiative, which aims to establish a continental platform for dialogue on mechanisms for innovative financing of the health sector in Africa, Minister of Finance Mohamed Maait said Sunday in a statement.
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War on Gaza
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War on Gaza
5/23/2024 5:53:31 PM
US Treasury Secretary Janet Yellen warned Thursday of the risk of a "humanitarian crisis" if Israel cuts off a crucial financing channel to the occupied Palestinian territories.
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War on Gaza
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War on Gaza
5/23/2024 3:48:59 PM
US Treasury Secretary Janet Yellen warned Thursday of the risk of a "humanitarian crisis" if Israel cuts off a crucial financing channel to Palestinian banks.
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Business
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Economy
5/21/2024 8:28:52 PM
In a move to support the growth of micro, small, and medium-sized enterprises (MSMEs) in Egypt, the European Bank for Reconstruction and Development (EBRD) extended an initial $119.5 million (€109 million) A/B loan to the National Bank of Egypt (NBE).
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Egypt
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Society
5/18/2024 4:25:26 PM
Egyptian and International Monetary Fund (IMF) officials have initiated discussions around a $1.2 billion long-term financing package to support Egypt's climate-related projects.
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Business
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Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.
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Al-Ahram Weekly
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Opinion
4/30/2024 7:17:56 PM
The developing countries require at least twice as much of the current global growth if they are to narrow the gap with the developed countries.
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Business
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Economy
4/23/2024 3:01:53 PM
The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based investment bank Goldman Sachs said in a research note.
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Al-Ahram Weekly
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Opinion
4/16/2024 5:54:53 PM
While the US and Japan have seen signals of economic recovery, other countries are mired in meagre financing, increasing debt, declining investment, and geopolitical conflicts, writes Mahmoud Mohieldin
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Al-Ahram Weekly
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Economy
3/26/2024 9:00:05 PM
Niveen Wahish examines Egypt’s economic prospects following the recent wave of investment and financing pledges
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