China pledges $124 billion for new Silk Road as champion of globalization
Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of...
Finance
Egypt passes new investment law to smooth business, attract dollars
Egypt's parliament passed a long-delayed investment law to streamline doing business in Egypt and to create incentives it hopes will...
Indian company plans $300 million new investment in Egypt
In a bid to turn around its business in Egypt where it has invested $1.2 billion in eight years, Chemplast...
Afreximbank offers Egypt $300 million industrialization grant
The African Export-Import Bank (Afreximbank) has granted a $300-million financing facility to the National Bank of Egypt (NBE) to support...
Banks in Egypt see y-o-y profit growth amid stable outlook
Egypt’s banks are seeing rising profits and robust capitalisation, as evidenced by a flurry of recent releases of FY 2015/16...
China ready to grant $2 billion in loans to Lebanon for Silk Road projects
The Silk Road Chamber for International Commerce (SRCIC) is ready to grant $2 billion in loans with low interest rates...
Investors from 37 countries active in Iran’s capital market
Investors from the United States, Britain, Spain, Russia, Germany, Switzerland, Sweden, Poland, Uzbekistan, Azerbaijan, China, the Netherlands, India, Turkey, Lebanon,...
Lebanon joins European Bank for Reconstruction & Development
The European Bank for Reconstruction and Development (EBRD) expects to start local operations in the second quarter of 2017. The...
Indian investments in Egypt are estimated at $3 billion
A business seminar was held at the British University in Egypt (BUE) to discuss Indian-Egyptian economic relations and highlight the...
After 31 years, Japan to resume loaning to Iraq for infrastructure projects
The Japan Bank for International Cooperation and the country's two leading commercial banks are preparing to make Japan's first loan...
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