Arab loans

Egypt may convert Gulf funds into bonds
Business

Egypt may convert Gulf funds into bonds

LONDON - Egypt could convert part of the USD12bn of loans and grants pledged by Gulf nations this week into…
Economists: Arab loans will increase currency reserves
Business

Economists: Arab loans will increase currency reserves

Economists have said that the US$8 billion Egypt will receive in loans from Saudi Arabia and the United Arab Emirates…
Egypt to borrow US$500 million from Saudi Arabia
Egypt

Egypt to borrow US$500 million from Saudi Arabia

Egypt will sign a deal with Saudi Arabia to obtain a loan of US$500 million to finance its budget deficit,…
Gulf pledges of financial help late, shrouded in secrecy
Business

Gulf pledges of financial help late, shrouded in secrecy

Over a year ago, Gulf leaders pledged loan, grant and investment packages to rescue Egypt from financial disaster during its…
Egypt to fund budget gap via local market, Arab help
Business

Egypt to fund budget gap via local market, Arab help

ABU DHABI--Egypt plans to fund its 134 billion Egyptian pound budget deficit through a combination of local market issuance and…
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