The European Bank for Reconstruction and Development (EBRD) is supporting the development of high-quality hospitals in Egypt and Morocco, teaming up with other international financial institutions (IFIs) to deliver funding under an Islamic finance (...)
Agence Française de Développement (AFD) will pay particular attention to the Paris Agreement 2015 over implementing its future strategy in Egypt, said Fabio Grazi, AFD's country director, to Daily News Egypt on the sidelines of the Africa Investment (...)
In the context of the Africa Investment Forum held earlier this week, Daily news Egypt interviewed the Vice-President of European Investment Bank (EIB), Dario Scannapieco, to speak about the 40-year experience of the bank in Egypt and explore the (...)
The Indian TCI Sanmar Chemicals SAE plans to invest additional $200m in 2020 into the Egyptian market, Chairperson PS Jayaraman told Daily News Egypt on the sidelines of his participation in the Africa Investment Forum from 22 to 23 November.
The (...)
The European Bank for Reconstruction and Development (EBRD) will focus on several pillars over its strategy (2017-2020) in Egypt, mainly green municipalities, energy efficiency, renewable energy, supporting equity, initial public offerings programme (...)
Africa's infrastructure needs $200-250bn funds to be totally developed over the next 15 years, Egypt's President Abdel Fattah Al-Sisi said on Saturday during his participation in the 2019 Africa Investment Forum held on 22-23 November.
"Prospering (...)
Egypt's Prime Minister Mostafa Madbouly said that youth in Egypt constitute 60% of the population, asserting that the government's main priorities are education, training, and healthcare to support youth.
This came during his participation in the (...)
The Arab Organization for Industrialization (AOI) has formed a committee to plan, organise, and study Africa's situation to look for opportunities to participate in the region.
Abdel-Moneim Al-Taras chairperson of AOI told Daily News Egypt that the (...)
Egypt is keen on boosting its cooperation with other African countries to achieve sustainable development in the continent, Minister of Trade and Industry, Amr Nassar, said during his participation in the 2019 Africa Investment Forum organised under (...)
Prime Minister Mostafa Madbouly witnessed on Saturday the signature of 11 agreements and announcements of new investments worth $3bn, within the activities of the Africa Investment Forum 2019 held in the New Administrative Capital (NAC) under the (...)
Egypt's president Abdel Fattah Al-Sisi met with the President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti on Saturday during his visit to Egypt, where both sides discussed boosting the banks' presence in (...)
Minister of Housing, Utilities, and New Urban Communities Assem El-Gazzar said that the ministry is preparing a list of projects to be presented to Egypt's Tharaa — the country's new sovereign wealth fund in the coming period.
On the sidelines of (...)
Egypt's newly established Sovereign Wealth Fund "Tharaa" looks to partner with foreign investors for a number of projects offered by the Ministry of Public Enterprises Sector (MPES), Public Enterprises Minister Hisham Tawfik told Daily News Egypt on (...)
The European Union (EU) delegation to Egypt is cooperating with the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) to support the efforts of the Central Bank of Egypt (CBE) to establish a comprehensive nationally-owned financial (...)
Civil Aviation Minister Younis El-Masry expressed to Britain's Ambassador to Egypt, Sir Geoffrey Adams Egypt's dissatisfaction with BritishAirways' unilateral decision to suspend trips to Cairo, the ministry said in a press statement on (...)
The EU expects that Egypt's plans to ink a trade agreement with the UK will not negatively affect the trade exchanges between the EU-27 and Egypt, the Head of the EU delegation to Egypt, ambassador Ivan Surkoš, told Daily News Egypt (DNE).
"There is (...)
The European Union (EU) is keen to support Egypt's vision to become a regional gas hub. Furthermore, the EU supports the country in potentially using Egyptian liquefied natural gas (LNG) facilities in Idku and Damietta in order to export gas and to (...)
The European Union (EU) provided loans generated by European financial institutions, which will help mobilise around €475m, according to the head of the EU delegation to Egypt, Ambassador Ivan Surkoš.
Surkoš said that the EU launched the ‘EU (...)
The International Finance Corporation (IFC), a World Bank Group member, plans to increase local currency financing in Egypt, IFC country manager for Egypt, Libya, and Yemen, Walid Labadi told Daily News Egypt.
"During the last fiscal year 2017/18, (...)
DNE sat down for an interview with Scannapieco, the transcript for which is below, lightly edited for clarity:
Can you mention expected amount of finance to be provided to Egypt this year, for how many projects?
In 2018, until July, we signed (...)
Namely, 40% of the European Union (EU)'s current aid portfolio for Egypt targets the field of economic and social development, said head of the European Union delegation to Egypt, Ambassador Ivan Surkoš, adding,
"on the bilateral level of European (...)
Developing the infrastructure of the second phase of the Central Business District (CBD) at the New Administrative Capital investments will reach $3.2.bn, according to Minister Counsellor for Economic Affairs at the Chinese embassy in Cairo Han (...)
The current European Union (EU) cooperation portfolio in pre-tertiary education includes several projects, as the EU provides a fund with a grant of €60m works on enhancing access for children to education and fighting child labour through improving (...)