In a pivotal move, Egypt has secured a commercial loan amounting to USD 250 million (EGP 7.7 billion) through collaboration with the African Finance Corporation (AFC) and the International Islamic Trade Finance Corporation (ITFC), Ahram Online reported on 16 January. “This transaction underscores AFC's commitment to drive Africa's transformation by fostering local manufacturing, value creation,
An increasing demand for energy and electricity due to a continuously growing population, insufficient primary energy sources, and limited potable water resources are only some of the reasons Egypt embarked on a journey to establish its first nuclear energy plant: El-Dabaa Nuclear Power Plant. As the name suggests, El-Dabaa Nuclear Power Plant is being built
The Central Bank of Egypt (CBE) announced on Tuesday 31 October, that it secured CNY 7 billion (USD 956.61 million) from the state-run China Development Bank (CDB) under a loan agreement. The loan aims to enhance economic, trade, and financial cooperation between China and Egypt, and support the Belt and Road Initiative and the Egypt
OECD Information for journalists, The OECD and the Government of the Arab Republic of Egypt today signed a Memorandum of Understanding (MoU) to start a three-year Country Programme.