Pickalbatros Group has secured a $200 million loan from the World Bank to support the expansion of its hotel portfolio in Morocco, Chairman Kamel Abou Ali told Asharq Business.

Egypt's investment, industry, finance, planning, labor, and tourism ministers met with World Bank representatives to discuss the executive plan for a foreign direct investment (FDI) strategy aimed at boosting investment inflows and aligning them with the country's development priorities.

The World Bank has upgraded its forecast for Egypt’s real gross domestic product (GDP) growth in the current fiscal year (FY) 2025/2026 to 4.6% from 4.3% projected in April, according to the June 2026 Global Economic Prospects report.

Minister of Planning and Economic Development Ahmed Rostom discussed with World Bank officials opportunities to finance Egyptian agri-processing platforms and reduce agricultural losses in Upper Egypt.

Hussein Eissa, Egypt’s Deputy Prime Minister for Economic Affairs, discussed enhancing cooperation with the World Bank to enhance the efficiency of public investment management

The World Bank Group approved a $1 billion financing, including a $200 million credit guarantee from the UK, to boost Egypt’s private sector.

Egypt’s economic growth is projected to soften to 4.3% in the current fiscal year (FY) 2025/2026, slowing to 4% in FY 2026/2027 before accelerating to 4.6% in FY 2027/2028.

Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh held talks with senior executives from the US International Development Finance Corporation (DFC) on expanding economic cooperation and exploring investment opportunities aligned with Egypt’s economic targets.

Egypt’s economy is projected to grow between 4.8% and 5% during the third quarter (Q3) of the current fiscal year (FY) 2025/2026.

Minister of Industry Khaled Hashem and Stephan Gimbert, World Bank Regional Director for Egypt, Yemen, and Djibouti, discussed enhancing cooperation to sustain industrial development.

The National Bank of Egypt (NBE) is set to receive a short-term revolving trade loan amounting to $313.5 million backed by the World Bank’s Multilateral Investment Guarantee Agency (MIGA).

Egypt discussed new innovative tools to finance infrastructure projects in the country with the World Bank and the African Development Bank (AfDB).

Prime Minister Mostafa Madbouly met with the World Bank Group’s President Ajay Banga to discuss Egypt’s economic and structural reform.

The International Finance Corporation (IFC) has announced five new projects to support small- and medium-sized business development and job creation in Egypt and other parts of Africa, focusing on climate finance, healthcare, and food security.

Minister of Petroleum and Mineral Resources Karim Badawi discussed ways to enhance cooperation with the World Bank in the mining sector, according to a statement.

The World Bank has maintained Egypt’s real gross domestic product (GDP) at 4.3% for the current fiscal year (FY) 2025/2026, according to the January 2026 Global Economic Prospects report.

Egypt is currently working on increasing the investment appeal of both the petroleum and mining sectors, Minister of Petroleum and Mineral Resources Karim Badawi affirmed.

Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with a World Bank delegation to follow up on joint projects and coordinate partnerships for future ones.

Prime Minister Mostafa Madbouly received a delegation from the World Bank Group to discuss strengthening cooperation in the infrastructure programs implemented by the international bank in Egypt.

The World Bank will release the second $500 million tranche of its financial support to Egypt before the end of 2025, according to the bank’s Regional Director for Egypt, Yemen, and Djibouti, Stephane Guimbert.