Latest in Tag: World Bank Highlight
Latest in Tag: World Bank

Egyptians expatriate remittances equivalent triple to Suez Canal revenues: World Bank
Egypt tops Arab world in terms of expatriate remittances, estimated at $20bn annually

Over half a million Egyptians offered work contracts abroad: Manpower Ministry
Ministry of Manpower offered approximately 150,000 job opportunities between March and December

41% of Egyptian corruption investigations incomplete: World Bank
World Justice Project says Egyptian citizens and businesses find it difficult to access public services without paying bribes

Tracking financial assistance to Egypt
Daily News Egypt provides an overview on financial assistance Egypt has received following former president Mohamed Morsi’s ouster

Egypt is engine of growth in Middle East: World Bank Egypt director
The World Bank supports the economic reform measures of the government and prepares to take part in the economic summit in February 2015, Hartwig Schafer says

Employment challenges in MENA linked to economic governance: World Bank
Governments can help job creation by reforming policies protecting politically-connected companies, World Bank study says

World Bank to offer Egypt $1.5bn for housing, sanitation projects
Minister of Housing announces the agreement after his return from US visit to meet World Bank officials

Egypt’s industrial policies discourage employment: World Bank report
50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey

Intra-Africa trade: Going beyond political commitments
Progress will come when agreements are implemented

Social Fund for Development spends 70% of allocations in 2014
Fund hopes to generate 185,000 work opportunities by end of 2014 by providing EGP 2bn in loans to small and medium enterprises

$5.4bn World Bank financing for existing projects in Egypt: Regional Director
World Bank funds for Egyptian projects in infrastructure, agriculture, energy, and job training total $5.4bn

Government to establish company for SMEs, place 80% of shares in stock market: Planning minister
The Egyptian government plans to put up 80% of the shares of a company for small and medium enterprises in the stock market for IPOs in attempt to boost economy
Egypt received $1bn from IFC in 2013: MENA general manager
The IFC funded private sector projects in various fields including infrastructure, energy, and small and medium enterprises.
Egypt drafting law to protect facilities, criminalises attacks on water and electricity: PM
Government drafts document obliging Toshka development companies to finish within 3 years or face land withdrawal
Egypt has potential to grow, but sustainability depends on government: World Bank
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates

World Bank agrees to $500m Egypt loan for home gas delivery: Mehleb
Prime Minister Ibrahim Mehleb held talks with World Bank Group President Jim Yong Kim on how to use bank’s financing for development projects in Egypt

Private sector reforms are crucial to reducing unemployment in Egypt: WB
Policies should be designed to provide a competitive environment, according to World Bank report

Big dreams for Rwanda’s ICT sector
Success story is grabbing global attention

Window to investment remains shuttered
By Mohamed Ayyad Today I am writing to you, Minister of Investment Ashraf Salman. It is up to you if you wish, honestly and in the name of success, to listen to the masses. You must wage a fierce war on bureaucracy and administrative corruption, for even if you fail, the effort will be recognised. As you …

Bad traffic costs Cairenes
Congested roads costs Egypt EGP 47bn yearly, according to a new World Bank report
IMF, World Bank push for price on carbon
Warning that time was running out for the planet to avoid worst-case climate change

World Bank watches unfolding of political situation with great concern: Bank president
World Bank has helped finance several projects in various sectors during the past year
Where does Egypt stand? Rankings 2013/2014
A picture of key rankings of Egypt during 2013-2014
World Bank loans Egypt $300m to grow small businesses
The loan will finance 130,000 micro and small enterprises, World Bank says

EU, World Bank provide €70m, $200m for development project: cabinet
The Social Fund for Development will implement the project, backed by the European Union and the World Bank

World Bank prepares new partnership strategy in Egypt
Strategy will be processed over next six months

All eyes on $1tn
African agribusiness is set for a huge leap, according to a World Bank report

Tunisia gets $1.2bn from World Bank
It is the biggest loan package Tunisia has received since the 2011 revolution that toppled autocratic president Zine El-Abidine Ben Ali.

Deregulation in private sector harmful to female professional growth: World Bank
Women face greater barriers of entry and higher levels of discrimination following shift to non-trade sectors, World Bank report says

Egypt among seven most vulnerable economies in the MENA region: World Bank
World Bank economists say gains from the government’s two economic stimulus packages will be small, short lived