World Bank | Egypt Oil & Gas - Part 4
Egypt’s United Bank Considers Renewables Investments
Egypt’s state-run United Bank is studying plans to contribute with $112.6m to upcoming syndicated loans, announced the bank’s Chairman, Ashraf El Kady.
WB: Egypt’s Annual Growth to Ease to 3.3%
According to the World Bank's (WB) report – Global Economic Prospects June - Egypt’s annual growth is forecast to ease to 3.3% in the fiscal year (FY) 2015/16 and it is estimated to reach 4.4% in FY 2016/17, falling ...
Egypt Considered Prone to Sign IMF Loan
Egypt may sign a five-year loan deal with the International Monetary Fund (IMF) during the IMF and World Bank biannual meetings in mid April.
IMF Expects Egypt to See 3.3% Growth Decline in 2016
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) reports predicted a 3.1% growth in emerging markets in the next two years, compared to 2.5% in 2015, with Egypt expected to see a growth decline. World Bank Set to Provide Egypt with First $1b of $3b Loan
The World Bank is to provide the first $1b tranche of a $3b loan to Egypt after parliament approves the government's economic program, World Bank Vice President, Hafez Ghanem, announced at a news conference.
British Firm to Seize 49% Stake in Cairo Solar Company
An unidentified British company is to seize a 49% stake in Egypt's Cairo Solar company worth EGP 180m to develop solar energy projects in Upper Egypt. World Bank Reports Decline in MENA’s Economic Growth
A World Bank's recently published report on the Middle East and North Africa stated that 2015 economic growth in the region came to only 2.6%, falling short of a 2.8% forecast in October, as war, terrorism, and cheap ...
IMF, WB Mull $3b Loan to Azerbaijan’s Weakening Oil Economy
The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump.
