Latest Business News
OFID grand $40m loan in coordination with SFD
The loan will have a 4% interest rate, and the fund has…
AFESD to provide $200m to fund wells, water desalination projects in Sinai in 2016
Egypt is heading for the better thanks to the recent financial and…
We will finance development in Sinai to clear it of terrorism: KFAED Chairman
We will inject $900m over three years, says Al-Bader
Egypt is a large consumer market, return of investment is still high: Al-Attas
Saudi Fund for Development allocates $1.5bn for development projects in Sinai
Arab institutions pledge to finance development projects in Egypt worth $6bn over 3 years
A new round of negotiations has been to increase funds directed to…
World Bank: Newly approved loans followed by lowered economic growth prediction
World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam said…
Moody’s appraise banking regulations, insurance in Egypt
The report explained that these regulations will mitigate the credit risk in…
GCC fiscal pressures could affect supporting Egypt: Standard & Poor’s
High domestic debt, wide fiscal deficits, low income levels, and institutional fragility…
Budget deficit will be above government expectations: Fitch Ratings
Mega projects were a catalyst for some private sector investments and helped…
$500m for development of industrial zones in Sohag, Qena governorates
Programme aims to develop infrastructure in industrial areas in Qena and Sohag…