foreign loans

Egypt paid $30 billion in loans during 2017: Finance Ministry
Business

Egypt paid $30 billion in loans during 2017: Finance Ministry

  Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan
Business

Egypt’s Banque Misr signs MoU with Chinese lender over US$500 mln loan

Egypt's second-largest state-owned lender, Banque Misr, signed a memorandum of understanding with the Industrial and Commercial Bank of China (ICBC)…
Govt to hold more talks with IMF on loan next week
Business

Govt to hold more talks with IMF on loan next week

The Cabinet has made progress in talks with the International Monetary Fund (IMF) on a US$4.8 billion loan and will…
Thursday’s papers: Seizing on a silver lining
Egypt

Thursday’s papers: Seizing on a silver lining

Grabbing hold of a little good news, most papers Thursday highlight a $3 billion injection of economic aid from Qatar…
Egypt gets US$2 bn loan from Libya
Business

Egypt gets US$2 bn loan from Libya

Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves,…
Qatar pledges additional aid, gas deal for Egypt
Business

Qatar pledges additional aid, gas deal for Egypt

Qatar will provide Egypt with natural gas to fill the gap in its energy sector, particularly as summer approaches, Qatari…
Egypt may ask for larger IMF loan, minister says
Business

Egypt may ask for larger IMF loan, minister says

Egypt might ask the International Monetary Fund to increase a previously requested $4.8 billion (LE3.1 billion) loan to cover its…
Salafis oppose Saudi infrastructure loan, claiming ‘usury’
Egypt

Salafis oppose Saudi infrastructure loan, claiming ‘usury’

Salafi lawmakers have again cast doubts over the religious legitimacy of a loan, this time from Saudi Arabia, saying that…
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