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El Sisi approves EUR 4 mn AfDB grant to support entrepreneurship
President Abdel Fattah El Sisi approved yesterday a EUR 4 mn grant for Egypt from a multi-donor trust fund signed…
Middle East Glass Company may receive loan of USD 100 mn from IFC
The Middle East Glass Manufacturing Company (MEG) is in talks with the International Finance Corporation (IFC) over a USD 100…
Egypt, World Bank looking into setting up cargo railway between Alexandria, Sixth October dry port
Transport Minister Kamel El Wazir met on Sunday with a World Bank delegation to discuss a potential cargo railway line…
Monetary easing won’t solve the world’s trade problems -IMF
Monetary easing won’t solve the world’s trade problems -IMF: The global trend towards monetary easing risks harming trading partners and…
Egypt seeking USD 2.5 bn of financing for monorail project
Gov’t eyes USD 2.5 bn loan for monorail project: The government is seeking a USD 2.5 bn loan to finance…
What we’re tracking on 20 August 2019
We’re just two days away from the Central Bank of Egypt’s Monetary Policy Committee meeting. The general consensus among economists…
El Sisi approves EUR 350 mn EIB development loan for Metro Line 1
President Abdel Fattah El Sisi has approved a EUR 350 mn loan agreement with the European Investment Bank (EIB) to…
Egypt in the News on 14 August 2019
The IMF poses a bigger threat to the Egyptian government than radical Islamists, David Rosenberg writes in Haaretz. The austerity…
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