Tag Archives: Egypt

The European Investment Bank and Banque Misr provide EUR 250 million to finance small and medium-sized enterprises in Egypt

The European Investment Bank (EIB)signed a financing agreement of EUR 250 million with Banque Misr to finance investments by small and medium-sized enterprises (SMEs) and midcaps in the manufacturing and services sectors to improve their competitiveness in Egypt. The financing agreement is expected to sustain thousands of jobs in Egyptian enterprises. read more

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U.S. Embassy Helps Egyptians Hone Skills During Global Entrepreneurship Week

One week each November, thousands of events and competitions around the world inspire millions to engage in entrepreneurial activity as they connect with potential collaborators, mentors, and investors during Global Entrepreneurship Week (GEW). Dozens of world leaders and a network of more than 15,000 partner organizations, including the U.S. government, support this initiative by hosting events and activities that help innovative minds unlock their full potential. read more

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Egypt’s growth picked up during fiscal year 2016/17, with GDP rising by 4.2 percent compared to the projected 3.5 percent

An International Monetary Fund (IMF) team led by Mr. Subir Lall visited Cairo from October 25 to November 9, 2017, to hold discussions on the 2017 Article IV Consultation with Egypt and the second review of Egypt’s economic reform program supported by a three-year IMF Extended Fund Facility (EFF—see Press Release No. 16/501). read more

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Egypt: 56 Industrial Investment Opportunities In Luxor Governorate

His Excellency Eng. Tarek Kabil, Minister of Trade and Industry and His Excellency Dr. Mohamed Badr, Governor of Luxor are set to launch the ‘Invest In Luxor’ website which showcases 56 industrial investment opportunities in Luxor governorate, during the conference “Invest In Luxor – Unlocking Industrial Opportunities” which will be held on November 12th in Luxor. read more

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EREN Renewable Energy and Access Power Successfully Enter Egyptian Renewable Energy Market with the Completion of Financial Close for Two Solar Plants

The secured financing will be dedicated to two new solar photovoltaic power (PV) plants with a total capacity of 126MWp, located in the Benban complex, Aswan province, Egypt. Their construction is expected to start before the end of 2017 read more

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U.S. Embassy Supports Job Fairs Throughout Egypt

The U.S. Embassy is pleased to announce the launch of “Shaghlna,” a new series of job fairs for job-seekers across the country that builds on the success of employment fairs held over the past three years in Cairo. read more

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The Islamic Corporation for the Development of the Private Sector and Alfa Solar Co. to part-fund the development, construction and operation of a 50 megawatts solar PV project in Egypt

The Islamic Corporation for the Development of the Private Sector and Alfa Solar Co. to part-fund the development, construction and operation of a 50 megawatts solar PV project in Egypt read more

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United States Commits to Over $100 Million in Bilateral Assistance for Egypt

USAID’s program in Egypt, totaling nearly $30 billion since 1978, promotes a healthy, educated, and employed population read more

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Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves read more

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Are you Egypt’s next top Social Entrepreneurs?

‘Hackathon’ contest looks for Egyptian solutions to environmental problems in the fields of Energy, Recycling and Sustainable Farming read more

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IMF Executive Board Completes First Review under the Extended Fund Facility (EFF) with the Arab Republic of Egypt

The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25 billion), bringing total disbursements to SDR 2,865.53 million about US$4 billion read more

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Despite worldwide changes, multinationals focus on mobile workforces to support career growth and ensure global competitiveness

Mercer’s annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad read more

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Egypt is implementing a strong economic reform program

Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement:
“President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement. read more

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Innoventures launch cycle4 start-up accelerator with 30 million EGP venture capital fund

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