Ministry of International Cooperation signs an agreement with Egyptian Steel, Orman to develop villages

Minister of International Cooperation Sahar Nasr signed an agreement with Ahmed Abou Hashima, head of Egyptian Steel, and Hossam El-Kabany, head of Orman charity association, to develop villages around Egypt. Nasr said that the agreement represents the true cooperation between the government, private sector, and civil society organisations. She stated that establishing sustainable development cannot …

Hisham Salah

January 22, 2017

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World Bank allocates $500m for development of Sohag and Qena

Minister of International Cooperation Sahar Nasr inspected the Red Monastery development project in Sohag, which was funded by the United States Agency for International Development (USAID) with EGP 20m. The project aims to restore and develop the archeological aspects of the monastery, being an important touristic attraction and providing employment for local residents and limited-skill …

Daily News Egypt

January 14, 2017

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Ministries of international cooperation, housing sign agreement with UNDP for Alexandria 2032 strategy

Minister of International Cooperation Sahar Nasr and Minister of Housing Mostafa Madbouly witnessed on Monday the signing of an agreement regarding the participatory strategic urban planning for Alexandria until 2032. The two-year agreement between the Ministry of International Cooperation and the United Nations Development Programme (UNDP) should have been completely planned out by 2016, but …

Hisham Salah

December 26, 2016

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Egypt to receive 2nd tranche of African Development Bank loan

On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement with Leila Mokaddem, resident representative of the African Development Bank (AFDB) to receive $500m as the second tranche of a $1.5bn loan. The loan was agreed on last year. The tranche will be given to Egypt in January 2017, according to Prajesh Bhakta, …

Hisham Salah

December 19, 2016

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Egypt to receive $3.5m donation for solar energy projects from UNDP

Minister of International Cooperation Sahar Nasr and Minister of Trade and Industry Tarek Kabil signed an agreement with the United Nations Development Programme (UNDP) for a $3.5m donation to supports solar energy projects with the aim of increasing clean energy connected to Egypt’s national grid. The agreement represents the government’s concern for using Egypt’s solar …

Hisham Salah

December 6, 2016

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Parliament approves 4 agreements worth $3.5bn for international cooperation with Germany, Korea, Japan, Kuwaiti Fund for Development

Germany and Korea to finance construction of 5 water desalination plants in South Sinai and  Borg El-Arab airport expansion

Daily News Egypt

November 16, 2016

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Government’s crowding out of private sector in banking funding hampers SME growth: Sahar Nasr

SMEs suffer from a lack of funding as well as strategic support, such as feasibility studies and economic consulting

Mohamed Ayyad

November 13, 2016

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€740m loan to support Egypt’s economy: European Investment Bank

EIB is providing a €100m loan to the Qatar National Bank to support SMEs

Shaimaa Al-Aees

October 23, 2016

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World Bank, AFDB mission to visit Egypt to discuss granting second tranche of fund

The mission will provide the second tranche of funding from the two banks, which includes $1bn from the World Bank and $500m from the AFDB

Shaimaa Al-Aees

September 8, 2016

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Egypt strengthens ties with BRICS nations

Egypt, India keen to increase trade, cooperation, as India assists in renewable energy, vocational training development

Nicholas Mehling

August 17, 2016

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The government asks for money, simply because it can: economics professor

Poor financial planning, using loans in the wrong projects are the largest external debt problems

Hisham Salah

July 13, 2016

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IFAD grants Egypt $70m for agriculture projects

Minister of International Cooperation Sahar Nasr met a mission group from the International Fund for Agricultural Development (IFAD) headed by Michel Markaz on Wednesday to discuss current and future projects in Egypt. The IFAD mission confirmed that technical assistance will be provided to Egypt in the field of rural finance to overcome obstacles in this sector. …

Shaimaa Al-Aees

March 24, 2016

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Arab institutions pledge to finance development projects in Egypt worth $6bn over 3 years

A new round of negotiations has been to increase funds directed to Egypt, while Cairo prepares feasibility studies to a variety of projects

Mohamed Ayyad

January 21, 2016

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A grant from the EU to Egypt worth €68m for the delivery of natural gas to homes next November: Nasr

 Egypt and the European Union (EU) are to sign  an agreement on 3 November, to deliver natural gas to homes with a grant worth €68m during the visit of Federica Mogherini vice-President of the European Commission  to Cairo, according to the Minister of International Cooperation Sahar Nasr. Nasr said, in a press release, that the …

Mohamed Ayyad

October 29, 2015

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Former World Bank economist heads international cooperation ministry

She was Country Coordinator for Finance & Private Sector Development in the World Bank from May 2011 to June 2014.

Daily News Egypt

September 19, 2015

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