Goldman Sachs predicts a substantial decline in Egypt’s financing needs for Q2 2024

Tue, 23 Apr 2024 - 11:39 GMT

Goldman Sachs estimated that Egypt will require significantly less financing through borrowing for the second quarter of 2024, attributing the reduced need to the substantial financing it secured during Q1 2024 and the Ras El Hekma investment deal

World Bank expected to disburse $1B from $6B package during H2 2024: Al Mashat

Thu, 18 Apr 2024 - 02:09 GMT

Egypt’s Minister of International Cooperation (MoIC), Rania Al Mashat, recently stated in an interview that the World Bank (WB) is expected to disburse $1 billion during the second half of 2024 as part of the $6 billion support package announced back in March

EU proposes €7.4B-bundle of financial support, investments targeted at Egypt

Sun, 17 Mar 2024 - 12:51 GMT

The plan's duration is between 2024 and 2027.

Banks hedging financing for several “high risk for default” sectors

Mon, 12 Feb 2024 - 01:04 GMT

Identified as the real estate, tourism, fertilizers, fodder, rebar, cement, and ceramics sectors, the sectors were classified as “high risk of default” due to foreign currency shortages and high inflation

Egyptian government funds over 12K micro businesses in 2023

Tue, 02 Jan 2024 - 02:45 GMT

The ministry also screened 146 industrial and investment plots nationwide to determine unoccupied land plots.

What to know on promoting social investment in Egypt

Mon, 27 Nov 2023 - 08:47 GMT

Minister Nevine al-Qabaj underscored the necessity of not just counting on donations but also the investment of resources to ensure sustainable revenues.

Egyptian ministry reveals number of small projects funded through 'Mashrouak'

Thu, 05 Oct 2023 - 04:24 GMT

They created 1.6 million jobs.

Egypt launches funding programme to irregular workers' enterprises with LE570M

Thu, 10 Aug 2023 - 03:11 GMT

The beginning is with signing cooperation protocols with three NGOs.

FM affirms Egypt's support to Tunisian president's measures aimed at 'building a better future'

Tue, 08 Aug 2023 - 03:21 GMT

That was during his meeting with his Tunisian counterpart Nabil Ammar as they also conferred over regional risks.

Egypt's Forsa Programme collaborates with civil society to fund over 11K micro enterprises

Tue, 18 Jul 2023 - 02:38 GMT

Assistant to the Minister of Social Solidarity Mervat Sabrin signed Monday 29 contracts and four cooperation protocols with civil society to complete the third phase of Forsa Programme.

Egypt, intl. partners support private sector with $7B in 2020/22

Thu, 13 Jul 2023 - 04:10 GMT

The funding was particularly directed to firms operating in the sectors of healthcare, manufacturing, and financial markets.

Egyptian president endorses €250M funding by AFD to Abou Kir Metro in Alexandria

Wed, 26 Apr 2023 - 01:50 GMT

President Abdel Fatah al-Sisi ratified Wednesday the agreement between Egypt and the French Development Agency (AFD) on financing the establishment of Abou Kir Metro in Alexandria.

Egyptian chief of state discusses with AfDB president expanding cooperation

Tue, 04 Apr 2023 - 03:19 GMT

President Sisi expressed appreciation for the bank's role in supporting developmental sectors on the continent.

Egypt's transport minister, French ambassador discuss financing of 6th Metro Line

Mon, 03 Apr 2023 - 03:56 GMT

The meeting also tackled the progress rate of the monorail.

Egypt hosts 1st official meeting of UNFCCC's Transitional Committee in Luxor

Mon, 27 Mar 2023 - 02:33 GMT

The committee is concerned with financing arrangements pertaining to loss and damage through the fund founded during COP 27 to fulfill that purpose.

Egypt, IFC, EBRD sign cooperation agreement on desalination projects

Thu, 23 Mar 2023 - 09:56 GMT

Minister of Planning and Economic Development and Chairwoman of The Sovereign Fund of Egypt (TSFE) Hala El-Said attended Wednesday the signing ceremony.

COP 27 president sheds light on pledges of funding climate action with $100B per annum

Tue, 21 Mar 2023 - 01:31 GMT

Minister of Foreign Affairs and COP 27 President Sameh Shokry co-chaired Monday the Copenhagen Climate Ministerial Meeting.

Sovereign Fund of Egypt, Etisalat Egypt launch ‘Erada’ Microfinance

Mon, 16 Jan 2023 - 10:10 GMT

The company enables access to a wide range of financial services to micro and small enterprises.

Ministers of intl. cooperation, irrigation hold meeting on 'NWFE' projects, ongoing portfolio of water sector

Thu, 12 Jan 2023 - 02:30 GMT

The ongoing portfolio of development cooperation for projects affiliated with the Ministry of Water Resources and Irrigation amounts to $668 million.

Agreement to fund renewable energy projects with $1.1B signed

Wed, 30 Nov 2022 - 05:42 GMT

Those will be built by the UAE's AMEA Power.