World Bank | Egypt Oil & Gas - Part 4
Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015, reported Al Borsa. The Minister of Investment and Internationa...
WB: Uganda’s Oil to Expand Economy
Uganda’s economy is estimated to expand by 5.2% in the fiscal year 2017/2018, despite a previous drop to 5% in 2016/2017, thanks to foreign and domestic investment in infrastructure in the oil industry, accordin...
GNPC Received $500m LOC for Sankofa Gas
HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field, Reuters Reported. The b...
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, according to Zawya. El Kady further stated that his bank plans to... 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, which is ending on 30th June, 2016, reported ...
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, Daily News Egypt reported. Economic analysts and reports speculate the IMF ...
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, Daily News Egypt reported, with Egypt expe... 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, acc...
