development

LE400 million to be allocated for canal cities annually
Egypt

LE400 million to be allocated for canal cities annually

Suez Canal revenues worth LE400 million will be annually allocated to Port Said, Ismailia and Suez Governorates, the administration said in…
World Bank grants Egypt US$6.7 mn for water resources
Egypt

World Bank grants Egypt US$6.7 mn for water resources

The World Bank is granting Egypt US$6.7 million to improve its management of water resources, World Bank Senior Operations Officer Husam…
Moving ground: Sinai’s economic woes
Egypt

Moving ground: Sinai’s economic woes

ARISH — As President Mohamed Morsy met with community leaders in the capital of North Sinai, residents of the neighborhood…
New lands to be available for industrial development
Business

New lands to be available for industrial development

Up to 5 million square meters of new lands will be available for industrial investment soon, divided into nine industrial…
Qatar says to invest US$18 billion in Egypt economy
Business

Qatar says to invest US$18 billion in Egypt economy

Qatar said on Thursday it would invest US$18 billion dollars in tourism and industry projects along Egypt's Mediterranean coast over…
Donors pledge US$6.4 billion in aid to Yemen
World

Donors pledge US$6.4 billion in aid to Yemen

RIYADH — A group of international donors pledged US$6.4 billion of aid to Yemen on Tuesday to help the impoverished country rebuild after it…
Egypt needs investments of US$45 billion to meet target growth rate
Business

Egypt needs investments of US$45 billion to meet target growth rate

Egypt needs LE276 billion (US$45 billion) in investment this year to meet its targeted growth rate, Prime Minister Hesham Qandil…
Govt allocates LE1.95 bn for Sinai development
Egypt

Govt allocates LE1.95 bn for Sinai development

The government allocated LE1.95 billion for the development of Sinai in the current year's budget, said on Monday Major General…
US delegation in favor of IMF loan, protesters say no
Business

US delegation in favor of IMF loan, protesters say no

The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the…
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