Minister Sahar Nasr
Egypt gets part of World Bank loan
Minister Sahar Nasr
Cairo - Arab Today
Egypt on Monday received the second tranche of a $3-billion World Bank loan in support of the government's economic and social agenda, International Cooperation Minister Sahar Nasr said.
In a statement on the ministry's Facebook page, Nasr said the second tranche would contribute to "encouraging private sector investment and supporting growth projects that promote employment".
Cairo received the first tranche of the loan in September 2016.
The minister said the financing was part of a loan of eight billion dollars, "six billion to the government and two billion to support the private sector" for the period 2015-2019.
Since the 2011 revolt that drove president Hosni Mubarak from power, Egypt has faced a serious foreign exchange shortage, as political instability puts off tourists and foreign investors.
In November, the International Monetary Fund approved a $12-billion loan to Egypt, conditional on its adoption of ambitious economic reforms including reducing state subsidies on energy.
Source: AFP
GMT 11:05 2017 Sunday ,19 March
Egypt’s minister reveals plan to increase investmentsGMT 19:10 2017 Tuesday ,07 March
Investment Ministry prioritizes solving problems facing investorsGMT 22:38 2017 Friday ,17 February
Investment promotion would be Sahar Nasr's main task
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 21:32 2014 Tuesday ,15 July
Hamas: Resistance continues till all Palestinian demands are met
GMT 08:04 2017 Saturday ,14 October
Singer Fares Karam will issue new album
GMT 11:56 2014 Thursday ,13 February
China\'s Jade Rabbit rover comes \'back to life\'
GMT 12:47 2014 Wednesday ,26 November
'Birdman' tops nominations for Spirit film awards
GMT 11:21 2015 Tuesday ,15 September
Red Sea governor leaves Cairo heading for RussiaGMT 03:52 2012 Saturday ,18 February
New laws to combat air pollution
GMT 01:00 2017 Friday ,17 February
Arab world welcomes US lifting of Sudan sanctions
GMT 06:39 2013 Wednesday ,20 November
Gazans in border trouble with Egypt and Israel
GMT 16:08 2016 Saturday ,16 January
OIC condemns suicide attack on OuagadougouGMT 05:49 2011 Wednesday ,24 August
Wozniacki seeded first at US Open
GMT 17:16 2015 Thursday ,24 December
ISESCO condoles with Saudi Arabia over victims of hospital blaze
GMT 21:58 2015 Thursday ,06 August
Polluted waters Olympic health riskGMT 02:44 2012 Thursday ,21 June
Radcliffe seeks medical help for headaches
GMT 08:18 2014 Tuesday ,22 July
Over 15 Palestinians killed as Israeli aggression on Gaza continues
GMT 20:47 2013 Friday ,28 June
Not much brain needed to be a rock starGMT 17:07 2012 Tuesday ,27 March
Chocolate and ginger oat biscuits
GMT 21:59 2014 Thursday ,03 July
Israeli strikes on Gaza kills 1, rocket fire continues
GMT 09:45 2017 Monday ,29 May
NCMS weather forecast for next two daysGMT 11:10 2012 Thursday ,08 March
LIU-Brooklyn takes Northeast title
GMT 15:39 2017 Sunday ,06 August
ISIS reorganize their ranks to attack liberated cities
GMT 20:53 2017 Tuesday ,14 February
Muscat bourse recovers on local support
GMT 07:30 2017 Wednesday ,17 May
US would talk to N. Korea if missile, nuclear tests stop
GMT 14:56 2014 Tuesday ,22 July
Opel ADAM: Maximum performance with minimal fuel consumption
GMT 18:42 2017 Saturday ,06 May
HBKU Press highlights the importance of youth awareness of diabetes on Qatar Sports Day 2017GMT 22:08 2012 Saturday ,18 February
Christina Ricci stunning dress
GMT 09:42 2017 Monday ,04 December
Saudi invites US firms to take part in nuclear program
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor