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Development partners
Egypt, Saudi Arabia discuss strengthening economic cooperation
Minister of Trade and Industry Ahmed Samir received the Ambassador of Saudi Arabia to Cairo, Osama bin Ahmed Naqli, to discuss joint economic cooperation and ways to enhance intra-trade and…
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Tunisian PM stresses cooperation with World Bank to advance structural reforms
unisian Prime Minister Najla Bouden on Friday highlighted the importance of bolstering cooperation with the World Bank to advance structural reforms in the country hit hard by a financial crisis.
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DP World signs a deal to build $80m logistics park in Egypt
Dubai Ports World-Sokhna (DP World) signed a contract to establish a new 300,000-square-metre logistics service zone with an estimated investment of $80 million at Egypt’s Sokhna Port, the SCZone…
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IMF calls on Egypt to unify lending interest rates
The International Monetary Fund (IMF) called on the Central Bank of Egypt (CBE) to cancel all low-interest initiatives — such as loans to small and medium enterprises, the tourism sector, and real…
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EBRD, NBKE sign $40 million loan deal to support MSMEs in Egypt
The National Bank of Kuwait – Egypt (NBK Egypt) has secured a $40 million loan from the European Bank for Reconstruction and Development (EBRD) to be on lent to eligible micro, small and medium-sized…
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Bank of England, CBE team up to fight climate crisis
With just over 100 days to go before this year’s UN Conference of Parties on Climate Change (COP27), the Bank of England and the Central Bank of Egypt (CBE) are meeting to discuss climate risks and…
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UAE’s ADNOC Distribution gets 50% of TotalEnergies Egypt
UAE’s fuel and retail distributor, ADNOC Distribution has signed on Thursday an agreement with France’s TotalEnergies to acquire 50 percent stake in the latter’s Egyptian unit TotalEnergies Marketing…
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UK’s Development-Finance Arm Plans $6 Billion African Investment
British International Investment, the UK government’s development finance arm, is planning to invest USD 6 bn in Africa over the next five years, with a substantial portion earmarked for debt and…
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Egypt ranks 4th in value of energy projects across Middle East, North Africa during 2022-2026: APICORP
Egypt comes in the fourth lace regarding the value of energy projects across the Middle East and North Africa (MENA) region during 2022-2026, Arab Petroleum Investments Corporation (APICORP) said in a…
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Egypt, UAE, Jordan industrial partnership committee meets in Cairo, studies 12 projects worth $3.4 billion
The first official meeting of the Higher Committee for Industrial Partnership, comprising Egypt, the UAE, and Jordan, was held in Cairo on Monday. The committee agreed to conduct feasibility studies…
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