Infrastructure sector makes up about 35 percent of the European Bank for Reconstruction and Development's portfolio in Egypt, said deputy head of EBRD's Egypt office on Sunday.
Around 25 percent of EBRD's portfolio was dedicated to Egypt's financial (...)
The European Bank for Reconstruction and Development (EBRD) said on Thursday it aims to open two more offices in Egypt as part of its planned expansion in the country.
EBRD's managing director for the southern and eastern Mediterranean, Janet (...)
The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said.
The bank intends (...)
North Korea and South Korea have been drawn together in an Asian qualifying group for soccer's 2022 World Cup.
The Korean neighbors will play each other home and away in the five-nation Group H that includes Lebanon, Turkmenistan and Sri (...)
Asian markets traded mixed on Tuesday afternoon, as minutes from a recent meeting by the Reserve Bank of Australia showed the central bank's willingness to move on monetary policy if necessary.
In China, the Shanghai composite slipped 0.11% by the (...)
The European Bank for Reconstruction and Development (EBRD) has earmarked €1.5 billion ($1.7 billion) for new investments in Egypt for 2019, principal economist Rafik Selim said on Tuesday.
Between 2012 until 2018, EBRD invested over €5 billion in (...)
Manchester City pair Leroy Sane and Ilkay Gündogan are up against the likes of Toni Kroos and Anja Mittag for the German Football Ambassador public award. In the coaches category, Jürgen Klopp faces stiff competition.When German football (...)
Kaspersky Lab continued to deliver stable growth in 2018 and increased its global unaudited IFRS revenue to a total of $ 726 million, representing a 4 percent YOY revenue increase.
During a year of evolving market conditions and continuous (...)
This week, Euromaxx wanted to know: Which peaks have you scaled?We've received tons of pictures from our viewers and their hiking companions in the mountains! We loved the inspiration and say thank you for all your submissions!
One of you has now (...)
The death this week of Chant Avedissian robs Egypt of one of its best known artists. Though his international reputation had grown steadily over the last two decades in his homeland, his best known work remains a handful of images from the extensive (...)
There is a kind of doubt that keeps striking me when trying a new Chinese restaurant: a fear that hits, however carefully I read the menu, however much I plot and asses the various deliciously-looking dishes against each other, I'm still going to (...)
Russia began its biggest war games since the fall of the Soviet Union on Tuesday close to its border with China, mobilising 300,000 troops in a show of force that will include joint exercises with the Chinese army.
China and Russia have staged joint (...)
A bomb exploded outside the US embassy in Beijing on Thursday, wounding the lone assailant, the embassy said in a statement, but police described the weapon merely as a "firework device".
The explosion happened on the street outside southeast corner (...)
A fresh study looking at the innovativeness of 126 different countries sees Switzerland coming out on top again. Out of the top-25 creative pioneers, Israel, China and Iceland have the biggest upward momentum.In its annual global ranking of (...)
Companies across Germany are getting more nervous and not just sitting idle waiting for Brexit, but are already preparing by looking for individual solutions and expensive work-arounds.The clock is ticking and Brexit is only nine months away. With (...)
A recent report issued by Pharos Research expected Ezz Steel revenues to hit EGP 50bn in 2018, supported by higher sales in the local market.
The research firm expected the company's distributed dividend per share to be in the range of EGP 1.1-1.3, (...)
Italian political analyst Domenico Bartoli once noted that a summit between two leaders who are meeting for the first time combines the risk of misunderstandings with the most sensational publicity.
Supreme leader of the Democratic People's Republic (...)
Italian political analyst Domenico Bartoli once noted that a summit between two leaders who are meeting for the first time combines the risk of misunderstandings with the most sensational publicity.
Supreme leader of the Democratic People's Republic (...)
Colombia will next week formally join the North Atlantic Treaty Organization, making it the only Latin American nation in the alliance, President Juan Manuel Santos said late on Friday.
Colombia will join as a "global partner", Santos said, which (...)
The top award among the 65 countries and 100 studios participating has gone to a Swiss display focused on optimal living quarters. The theme of this year's show in Italy's La Serenissima is Freespace.For the next six months, the International (...)
Beltone, expects that Egypt to continue the current trend depending on the external debt market to benefit from restoring investor's confidence, according to a research note released by the firm.
The note indicates that despite the current (...)
Moody's announced in a research note that emerging economies with short-term debt maturities and less fiscal capacity to manage rising debt costs are most vulnerable to a tightening of global financial conditions.
The study said that at a sovereign (...)
he European Bank for Reconstruction and Development (EBRD) expects growth in Egypt to record 5.3 percent in 2018 and 5.5 percent in 2019, up from 4.3 percent in 2016 and 4.2 percent in 2017, with an increase of 0.8 percent.
This came at the Bank's (...)
Leaders of the United States and North Korea will meet for the first time when President Donald Trump and Kim Jong Un hold a summit on June 12 in Singapore where the US side will try to persuade Pyongyang to give up its nuclear weapons.
The two men (...)
The European Bank for Reconstruction and Development (EBRD) raised its economic forecast for the Egyptian economy's growth in FY 2017/18 by 0.8% to reach 5.3% by the end of the year, adding that economic activity is expected to grow at 5.5% in FY (...)
