The largest beneficiaries of the funds as of September 2015 until the end of June 2016 were the state budget at $3.5 billion – Pixabay/Brett Hondow
Egypt will receive the forth tranche of the IMF’s $12 billion fund facility at a value of $2 billion in June or July 2018.
President Abdel Fatah al-Sisi announced on December 23 that Egypt will build a new city in North Sinai’s Bir al-Abd at a cost of LE 100 billion.
President Abdel Fatah al-Sisi has inaugurated on Saturday the giant offshore support vessel named Ahmed Fadel.
Ministry of Transportation to construct two container transshipment terminals in Safaga and Nuweiba Ports, and a business center in Sharm el-Sheikh Port.
Alexandria bank signed a protocol on cooperation with Industrial IDA to finance new micro, SME industrial units.
Venezuela's economy shrank a massive 16.5 percent in 2016.
Italy's upper house Senate on December 23 gave parliament's final approval to the government's 2018 budget.