Egypt Business Directory,  | ,  | Send us an email to get your website listed here: partner@egypt-business Al-Borsa Newspaper, Giza | Al-Borsa Newspaper is one of the leading economic newspapers in Egypt, it deals with stock market, economy and investment news. German-Arab Chamber of Commerce,  | For sixty years the German-Arab Chamber of Commerce has promoted business relations between the Egypt, North Africa, the Middle East and Germany. Daily News Egypt,  | Egypt’s only Daily Independent Newspaper in English Think Marketing Magazine,  | Think Marketing Magazine is a new full interactive pure implementation of strategic innovation where creative technology and knowledge meet. Al Ahram,  | Ahram Online is the English-language news web site published by Al-Ahram Establishment, Egypt’s largest news organization Egypt Today,  | The Magazine of Egypt Global Trade Matters - GTM,  | Global Trade Matters, a for-profit private sector think tank, was created in 2010 in order to broaden the discussion about economic policy. eMarketing Egypt,  | eMarketing Egypt is the first company in MENA that provides integrated e-marketing services. Business Today,  | Business Today Egypt is the nation’s leading English-language monthly business magazine Tradekey,  | TradeKey.com is one of the world’s leading and fastest growing online business-to-business (B2B) marketplace
Egypt Business Directory  |  24.08.2011

News of $2 billion grant for Egypt from the World Bank refuted

Senior Communications Officer of WB in Egypt states that the World Bank never claimed it would grant the money to Egypt.
Eman Wahby, World Bank’s Senior Communications Officer in Egypt, refuted the news story entitled: “Egypt accepts US$2 billion from World Bank”, published in AlMasry AlYoum newspaper on the 11th of August.

The news had been circling in the media stating that the World Bank offered the Egyptian Ministry of International Cooperation $2 billion in grants and loans, yet Wahby had asked media institutions to remove it.

“The news indicates that we gave Egypt $2 billion recently and at once, but this is not true. The original source of this information just added all the money we had given Egypt over the years, and made it sound like the resulting sum [of $2 billion] was a new grant,” Wahby told Egypt Business Directory in a phone-interview.

The information was published on Egypt Business Directory on the 15th of August "Egypt accepts US2 bln from World Bank" and re-published on the 21st of August 2011 "World Bank grants Egypt $2 billion".

The World Bank is committed to supporting development in Egypt since 1945 and creating an environment for sustainable economic growth, not only in the Middle East, but in more than 100 countries around the world.

Directory

Top-Downloads

> Egypt's Top 10 Companies 2013
> What cars do Egyptians buy?
> Egypt's 15 Richest Men 2014
> Egypt Trade Map: which exports will grow?
> FT Exclusive Banker Report: Top 1000 World Banks 2014
> Who are Egypt's street vendors?

Latest News

TCI Sanmar to invest $150 m to expand Egypt chemical complex
Egypt tourism revival boosts Marriott in Q3
Russian firm to invest in Egypt’s global logistics centre project
Egypt rises one place to 112th in 2015 Doing Business ranking
Final ruling for the OCI postponed to 4 November

Companies

Allianz Egypt
Established in 1976, Allianz Egypt obtained license as life insurer in 2001, and specializes in general, life insurance and financial investments.
Alexandria Steel Forming Company
Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers.
HWP Planungsgesellschaft mbH
Engineers, architects and consultants who have been planning successfully for more than 35 years.
Oriental Resorts for Touristic Development
Oriental Resorts was founded in 1996 by some of Egypt's most respected and biggest companies for contributing in the evolution of Egyptian tourism.
Catec
Established in 1980 with 60 employees, CATEC is a petroleum companies' service provider.
Grundfos Egypt Pumps
Grundfos is one of the world’s leading pump manufacturers.
Arabian American Real Estate
Real estate, rentals, sales of property to foreign companies and individuals, such as offices, lands, appartments, villas and investment property.

Top Events

Webinars

Companies

no

Experts