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Business
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Markets & Companies
2/25/2025 4:53:50 PM
The International Finance Corporation (IFC), the financial arm of the World Bank Group, and Attijariwafa Bank Egypt (AWB Egypt) have started a strategic partnership to strengthen the bank’s capital base and ability to support small and medium-sized enterprises (SMEs) and climate finance initiatives in Egypt.
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Business
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Economy
1/2/2025 5:41:09 PM
President Abdel-Fattah El-Sisi issued Decree No. 110 of 2024 to approve Egypt's acquisition of an additional 28,940 shares in the International Finance Corporation (IFC), which will contribute $28.9 million to the corporation's capital, the Egyptian Gazette announced Thursday.
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Business
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Economy
11/26/2024 2:41:49 PM
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday plans to invest $605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
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Business
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Economy
11/25/2024 5:23:32 PM
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition and provide crucial financing to micro, small, and medium enterprises (MSMEs), the World Bank’s financial arm International Finance Corporation (IFC) announced.
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Business
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Economy
11/25/2024 11:18:16 AM
The International Finance Corporation (IFC) announced in a statement on Sunday a $150 million financing package for Egypt's private sector bank, Commercial International Bank (CIB), to strengthen its capital base and enhance support for micro, small, and medium-sized enterprises (MSMEs) across the country, including women-owned businesses.
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Business
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Economy
11/24/2024 2:12:12 PM
Sérgio Pimenta, vice president of the International Finance Corporation (IFC) for Africa, arrived Sunday in Egypt on a visit to highlight the corporation’s commitment to supporting the country’s economic development by strengthening the private sector's participation in the economy.
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Business
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Economy
10/30/2024 4:51:45 PM
The International Finance Corporation (IFC), the World Bank Group's financial arm, invested $14.2 billion in 45 African countries in FY2024, according to an announcement issued by IFC on Wednesday.
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Business
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Economy
10/22/2024 12:59:19 PM
The House of Representatives has approved Egypt's contribution to the capital increase of the International Finance Corporation (IFC) through a stake of 28,940 shares, amounting to $28.9 million.
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Business
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Markets & Companies
7/16/2024 7:05:02 PM
Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad's international airport after years of neglect in the conflict-scarred country.
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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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Business
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Economy
4/28/2024 5:01:05 PM
The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in its performance assessment matrix, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Economy
1/14/2024 12:04:53 PM
Minister of International Cooperation Rania Al-Mashat held a meeting with President of the World Bank Group (WBG) Ajay Banga to discuss future cooperation and the bank's role in enhancing Egypt’s private sector involvement in the economy, according to a cabinet statement on Saturday.
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Business
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Economy
12/21/2023 4:04:45 PM
The Damietta Port Authority (DPA) and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and the International Finance Corporation (IFC) to facilitate providing $455 million to finance constructing the superstructure of the Second Container Terminal Tahya Misr 1 in Damietta Port.
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Business
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Economy
12/14/2023 3:14:17 PM
The International Finance Corporation (IFC), one of the financial arms of the World Bank Group, was appointed in June as a strategic advisor for the Egyptian government’s Initial Public Offering (IPO) to provide advisory services for Egypt's privatisation programme.
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Business
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Economy
12/5/2023 3:02:38 PM
The International Financial Corporation (IFC), the financial arm of the World Bank, partnered with Al Baraka Bank Egypt to offer $50 million in finance for Egyptian micro, small and medium-sized enterprises (MSMEs) including women-owned businesses, according to a statement on Tuesday.
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Business
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Markets & Companies
10/16/2023 3:38:53 PM
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC), the financial arm of the World Bank, to offer financing to privately-owned micro, small, and medium-sized enterprises (MSMEs) in the country.
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Business
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Energy
9/25/2023 5:03:52 PM
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing in Egypt and fund green projects, read an IFC statement on Monday.
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Business
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Economy
8/20/2023 9:31:10 PM
The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.
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Business
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Economy
7/9/2023 5:42:53 PM
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC) to support its capital and fund green projects, according to a bourse statement on Sunday.
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Al-Ahram Weekly
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Egypt
7/2/2023 11:14:00 AM
There are things the government needs to bear in mind as it intensifies efforts to sell stakes in state-owned companies.
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