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Development partners
Fitch maintains Egypt’s rating at B+; outlook stable
Fitch Ratings has maintained Egypt's long-term foreign-currency issuer default rating (IDR) at 'B+' with a stable outlook.
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EBRD’s current visit to Egypt supports economy, private sector: Pilloux
Alain Pilloux, vice president of the European Bank for Reconstruction and Development (EBRD) is visiting Egypt from October 17-20 for high-level meetings with government officials to discuss the…
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IMF increases Egypt’s real GDP growth forecasts to 3.3% in 2021
The International Monetary Fund (IMF) has raised Egypt’s real GDP growth projections for 2021 to 3.3 percent.
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Egypt’s ongoing cooperation portfolio with Kuwait Fund amounts to $1.5bn
Egypt's Minister of International Cooperation, Rania El-Mashat, met with the Director General of the Kuwait Fund for Arab Economic Development (KFAED), Marwan Al Ghanim, to explore the possible means…
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Egypt launches national consultations with World Bank Group on climate action
Rania Al-Mashat, Minister of International Cooperation, and Yasmine Fouad, Minister of Environment, launched national consultations with the World Bank Group (WBG) to discuss the general framework for…
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Sovereign Fund, “Bedayat Misr” Sign MoU for 1st integrated creative zone in Africa
The Sovereign Fund of Egypt (SFE) and ” Bidayat” Misr Company has signed a memorandum of understanding (MoU) to study the transformation of Bab Al-Azab zone in Salah El-Din (Saladin) Citadel into the…
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Egyptian government, World Bank Group address climate change policies
The Egyptian government has discussed with the World Bank Group (WBG) the framework for future bilateral cooperation to forge climate action policies and monitor their impact on catalyzing economic…
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NBK will get $25B from EBRD to promote energy efficiency, renewable energy in Egypt
The European Bank for Reconstruction and Development (EBRD) announced securing a loan of $25 billion to the National Bank of Kuwait Egypt (NBKE).
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IFC loans BCI Holding $30mn to expand Egypt, Algeria, Nigeria outputs
The International Financial Corporation (IFC), a member of the World Bank Group, announced it will offer a $30 million loan for BCI Holding SA Group to help the company expand its production in…
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Egypt, Uzbekistan discuss opportunities for enhancing bilateral cooperation
Hala El-Saeed, Minister of Planning and Economic Development and Governor of Egypt at the Islamic Development Bank Group (IsDB) met with Umurzakov Sardor Uktamovich, Deputy Prime Minister for…
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