Development partners

The World Bank has said in its semi-annual Global Economic Prospects report. Output will likely expand 4% in 2021, down from a 4.2% the Bank had forecast in its June report, before slowing to 3.8% in…
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Fitch Ratings has assigned a National Insurer Financial Strength (IFS) Rating of 'AA(egy)' to Egypt’s state-run Misr Insurance Company, with a stable outlook.
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Elsewedy Technical Academy (STA) has announced the signing of a memorandum of understanding (MoU) with the Egyptian German Technical Academy (EGT Academy) to support technical and vocational education…
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Egypt and the European Investment Bank (EIB) have signed a €1.128 billion ($1.4 billion) agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria…
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The Arab Monetary Fund (AMF) has announced that its Buna payment platform has conducted the first cross-border transaction in UAE Dirham (AED), between the UAE’s Mashreq Bank and Egypt’s Banque Misr
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The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is currently carrying out 16 projects in various areas across Egypt, according to Alexander Solyga, GIZ Egypt Country Director.
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The European Bank for Reconstruction and Development (EBRD) has provided Egypt with $12 million in order to support the tourism sector.
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The International Cooperation Ministry marshaled $ 9.8 billion to finance development projects in 2020, Minister Rania Al Mashat said yesterday during the launch of the ministry’s annual report
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The World Bank Group on Monday urged Egypt to introduce more transparency about the state’s economic activity, a step it said would encourage much-sought private sector investment.
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The International Finance Corporation (IFC), part of the World Bank, is in talks with Sovereign Fund of Egypt to partner in a number of projects the fund offers to private sector investors, according…
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