Egypt Showcases UELDP Best Practices at Expo Dubai 2020

The UELDP holds a session at the Egypt Pavilion at Expo Dubai 2020, under the title of “Development and Investment in Upper Egypt – Showcasing Best Practices”.

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

WB Sees Egypt Region’s Top Remittance Recipient in 2020

The World Bank (WB) foresees Egypt to become the top recipient of remittances at a value of USD 24.4 bn (EGP 382.2 bn) across the MENA region in 2020.

Egypt’s Long-Term External Debt Records Increasing

Egypt’s long-term external debt increased in 2019 to USD 90.6 bn- up from the USD 80.6 bn recorded in 2018 - with USD90.3 bn of this debt acquired by the public sector, according to the World Bank’s international ...

Egypt to Obtain USD 400 mn World Bank Facility

Egypt has started the procedures of obtaining a USD 400 mn World Bank facility to support the country’s health insurance system, Invest-Gate reports.

WB Provides USD 7.9 mn Emergency Fund to Egypt

The World Bank (WB) will release USD 7.9 mn in emergency funds to Egypt to help it fight the coronavirus (COVID-19) pandemic

Egypt’s Social Housing Program Gets USD 500 mn from WB

The World Bank (WB) has announced the extension of additional financing of USD 500 mn to support Egypt's social housing program.

Cabinet Reshuffle Introduces New Deputy Minister of Housing

Egypt's newly-announced and long-awaited cabinet reshuffle brings Sayed Ismail as the new deputy minister of housing for infrastructure affairs

Cabinet Nods WB’s USD 500 mn Fund for Social Housing

Egypt's cabinet has approved a supplementary fund of USD 500 mn (EGP 8.1 bn) from the World Bank (WB) for funding the country's social housing program, coming under a portfolio worth USD 8 bn (EGP 129.1 bn).

Social Housing Program Provides EGP 27 bn Funds Till October

Egypt's social housing program has successfully provided residences for 275,000 families, in collaboration with 29 banks and mortgage companies, at a total financing value of EGP 27 bn and a subsidized cost of EGP ...

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