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The IFC could hold an EGP-denominated bond issuance to raise funds for investment
The proceeds could be used to make local investments, says cabinet
IDA offers up land plots + a new phase of its investment map to spur local manufacturing
The plan is to slash USD 30 bn in import expenses
Cabinet approves fresh loans to support banking industry, fund Abu Qir metro
Ministers greenlight loans for banking sector reform + the Abu Qir metro.
EBRD has funding for Damietta Port — and is pushing forward liberalization of our electricity grid
EBRD is also working with Egyptera on a a wheeling framework for the national electricity grid
Electricity prices frozen until January 2024
Household electricity prices had been set to go up on 1 July
Arab foreign ministers in Cairo to discuss ending Syrian war
The Egyptian and Saudi foreign ministers discussed this week’s Palestine talks on the sidelines of the meeting
Agreements for 5 new tech schools under the Ebda initiative
The schools will specialize in manufacturing, construction and food tech
Egypt signs USD 500 mn financing agreement to purchase wheat from UAE’s Al Dahra
The Abu Dhabi Exports Office is providing low-cost financing
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