World Bank
AMEA Power signs agreements for renewable energy stations worth billions
Business
November 30, 2022
AMEA Power signs agreements for renewable energy stations worth billions
Prime Minister Mostafa Madbouly attended the signing ceremony of the financial closure agreements between the Emirati AMEA Power company. …
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Business
October 12, 2022
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Egypt to register economic growth of 4.8% in 2023: World Bank
Business
October 12, 2022
Egypt to register economic growth of 4.8% in 2023: World Bank
The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…
Up to 5 million Egyptian families now benefit from ‘Takaful and Karama’ pensions
Egypt
October 3, 2022
Up to 5 million Egyptian families now benefit from ‘Takaful and Karama’ pensions
The number of families benefiting from the ‘Takaful and Karama‘ program’s pensions has risen to five million, bringing the cost…
Professor comments on the possibility of Ethiopia selling water to Israel through Egypt
Egypt
August 5, 2022
Professor comments on the possibility of Ethiopia selling water to Israel through Egypt
“If Ethiopia thinks at any time of selling water to Israel, it can only take place through Egypt, and this…
World Bank approves $500 million in development financing to Egypt
Egypt
June 29, 2022
World Bank approves $500 million in development financing to Egypt
The World Bank has approved US$500 million in development financing to enhance Egypt’s efforts to achieve food security, and strengthen…
CBE governor to chair annual meetings of World Bank Group and IMF in October
Business
May 26, 2022
CBE governor to chair annual meetings of World Bank Group and IMF in October
The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming…
Egyptian gas exports to Europe range between 10% and 15%, minister
Economy
May 18, 2022
Egyptian gas exports to Europe range between 10% and 15%, minister
The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla said on Tuesday that Egyptian gas exports to Europe range…
Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln
Business
May 16, 2022
Remittances from Egyptian expatriates rise 12.8% in March to $3.3 bln
The Central Bank of Egypt (CBE) announced that remittances from Egyptian expatriates rose in March to about US$3.3 billion, an…
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
Economy
April 24, 2022
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
Egyptian Finance Minister Mohamed Maait presented his country’s experience in economic reform before the Spring Meetings of the World Bank…