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Al Baraka Bank Egypt looks to acquire USD 400 mn loan from foreign lenders
Al Baraka Bank is in talks with foreign lenders for a USD 400 mn loan, CEO Ashraf El Ghamrawy tells…
Egypt, Sudan, Ethiopia’s ministers outline roadmap for next round of GERD talks
Egypt, Sudan, Ethiopia’s ministers outline roadmap for next round of GERD talks: The foreign and irrigation ministers of Egypt, Ethiopia,…
Sphinx to launch USD 100-120 mn private equity fund
INVESTMENT WATCH- Sphinx to launch USD 100-120 mn private equity fund: Sphinx Private Equity Management will officially launch a USD…
AfDB allocates USD 1.5 bn to four Egyptian companies
The African Development Bank Group (AfDB) has agreed to provide USD 1.5 bn in financing to four Egyptian companies to…
USAID inaugurates energy research center in Egypt’s Ain Shams University
The US Agency for International Development (USAID) has inaugurated an energy research center at Ain Shams University, cabinet said in…
Is the IMF rethinking the shock therapy formula?
Is the IMF rethinking the shock therapy formula? Comments made recently by IMF bigwigs suggest that the fund may be…
Egyptian expat remittances forecast to be among fifth-highest in the world in 2019
Egyptian expats are projected to send home the fifth highest value of remittances in the world by the end of…
Egypt signs USD 1.1 bn funding agreement with ITFC
Egypt to get USD 1.1 bn IFTC loan for commodity imports: Egypt has signed a USD 1.1 bn funding agreement…
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