World Bank supports Iraq with $1.5 billion package
The World Bank Group has endorsed a new US$1.485 billion package to support reforms to improve public service delivery and...
Business & Economy
Egypt’s trade volume with Malta amount to 500 million euros
Foreign Minister Sameh Shoukry said that the trade volume between Egypt and Malta reaches to 500 million Euros. He added...
Airbus finalizes $18 billion jet deal with Iran
European plane maker Airbus Group SE said it had finalized a controversial deal to sell more than $18 billion worth...
Egypt banks finance foreign trade operations worth $7.9 billion since flotation
The volume of foreign trade operations financed by banks since the flotation of the Egyptian pound on 3 November until...
Egypt receives second instalment of $1 billion from World Bank
The World Bank agreed to provide Egypt with the second tranche worth $1bn of its $3bn total loan aimed at...
GCC car sales forecast to rise to 1.4 million by 2020
The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from...
Qatar’s budgeted infrastructure investment seen spurring growth
Qatar’s budgeted investment in infrastructure projects will spur growth in the construction sector, and act as a catalyst for economic...
Spinneys opens second store in New Cairo
Spinneys opened its second store in Cairo, celebrating more than 10 years as Egypt’s foremost supplier of grocery and household...
IFC in $20 million equity deal to support construction sector in Egypt
The IFC announced a $20 million equity investment in Hassan Allam Holding, one of Egypt’s largest private construction companies, last...
Bahrain maintains steady growth throughout 2016
Buoyed by the solid performance of the non-oil sector, Bahrain’s economy has maintained steady growth throughout 2016, though future development...
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