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 21:09 2017 Wednesday ,26 April
Egypt open for business, working on improving investment climateGMT 21:24 2017 Saturday ,22 April
Egypt seeks encouraging investments in needy areasGMT 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
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 21:36 2018 Thursday ,13 December
Yemen's warring sides agree on ceasefire in embattled Hodeida
GMT 13:05 2017 Sunday ,01 October
UN chief hails Saudi move letting women drive
GMT 13:27 2017 Wednesday ,22 March
FedEx expects rebound in Ground unit as e-Commerce fuels expansion
GMT 09:19 2016 Sunday ,17 April
Culture Minister visits Aisha Fahmy Palace in Zamalek
GMT 14:24 2017 Sunday ,08 October
Mexican federal agent shot dead with mother
GMT 09:02 2017 Wednesday ,08 February
Could going meat-free help you lose weight?
GMT 10:25 2018 Friday ,07 December
Venezuela inks deals worth six bn dollars with Russia
GMT 15:58 2018 Monday ,15 October
Crew scheduled to go to ISS to remain unchanged
GMT 19:34 2018 Sunday ,16 September
Republican Decree on Appointment of Federal Ministers
GMT 02:18 2015 Tuesday ,15 September
Ivanovic gives troubled Chelsea a wake-up call
GMT 12:37 2017 Monday ,03 April
Eurozone unemployment falls to near 8-year low
GMT 21:09 2017 Sunday ,16 July
Egypt's handball team ready for Men's World Cup 2017
GMT 02:36 2017 Sunday ,19 February
Five year old boy rescues sister from burning house
GMT 21:07 2016 Wednesday ,21 September
UK, Russian FMs discuss aid convoy attack in Syria
GMT 07:51 2017 Wednesday ,15 March
Chelsea's Conte blasts United's 'kicking tactics'
GMT 13:01 2017 Monday ,20 March
Former NFL all-stars Sayers, Clark dealing with severe illnesses
GMT 17:14 2017 Sunday ,26 February
Daesh shells mortars on gas pipelines in Homs
GMT 20:30 2017 Tuesday ,14 November
HM King congratulates Belgian king
GMT 03:37 2017 Saturday ,15 April
UN. urges Yemen parties to keep Hodeidah port safe
GMT 15:31 2017 Saturday ,21 October
Pentagon chief, French minister meet
GMT 13:36 2017 Monday ,27 March
Burberry launches new make-up products
GMT 03:19 2017 Wednesday ,26 July
President observes solar eclipse at Bogor Palace
GMT 06:04 2017 Thursday ,23 March
Haifa Wahby bets on her new drama show
GMT 10:14 2017 Friday ,06 January
Police clash with Mexico gas protesters, gunfire erupt
GMT 05:16 2017 Monday ,31 July
Over 22,000 evacuated as fire hits Spain music festival
GMT 21:08 2017 Sunday ,17 September
OIC condemns suicide attack in Cameroon
GMT 01:33 2017 Wednesday ,01 March
Facebook shuts page of Palestinian president’s party
GMT 12:02 2017 Monday ,05 June
Saudi Arabia, Bahrain, UAE, Egypt cut ties with Qatar
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