Development partners

 Egypt must find a way to pay less on its debt if it is to weather a potential surge in global interest rates, S&P Global Ratings warned.
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Egypt has succeeded in getting the approval of the Board of Governors of the Islamic Development Bank Group (IsDB) to host its annual meetings next year.
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Fitch solutions said that the consumption sector in Egypt performed relatively well as compared to other markets in the world that were negatively affected by the COVID-19 pandemic.
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The International Finance Corporation (IFC), a World Bank member, announced that it had provided a record $10.4 billion in financing to countries in the Middle East and Africa (MEA) in 2021.
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The European Bank for Reconstruction and Development (EBRD) has agreed to provide to ElSewedy’s subsidiary United Metals Company (UMC) a two-year, USD 25 mn facility to finance the company’s working…
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Egypt’s real GDP growth is projected to surge to 5 percent in the current financial year 2021/2022 that ends in June next year, Fitch Solutions said in a recent report.
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The Arab Monetary Fund (AMF) provided, on 12 August, Arab Accounting Dinar 65.775m (approximately $282m) to the Egyptian government as the second tranche of a loan within the framework of the…
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Egypt’s Minister of Trade and Industry, Nevine Gamea, has said that infrastructure rehabilitation and development projects at six industrial zones in Qena and Sohag governorates are underway, with a…
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The International Finance Corporation (IFC) and the Misr Insurance Holding Company (MIHC) have signed an agreement that will help increase job opportunities for women and advance their careers at…
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The European Bank for Reconstruction and Development (EBRD) is expected to embark on consultation talks with Egypt in September for a new strategy over the coming four years, the bank’s president…
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