foreign loans
Loan negotiations could conclude by November, says IMF
Egypt
October 11, 2012
Loan negotiations could conclude by November, says IMF
The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Left criticizes IMF loan, but to little effect
Egypt
September 6, 2012
Left criticizes IMF loan, but to little effect
Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…
Donors pledge US$6.4 billion in aid to Yemen
World
September 4, 2012
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…
Multi-million dollar loan from China due to arrive in National Bank
Business
September 3, 2012
Multi-million dollar loan from China due to arrive in National Bank
The National Bank of Egypt said that the US$200 million loan recently granted by the China Development Bank will arrive…
Brotherhood asks Al-Azhar to issue fatwa on IMF loan
Egypt
August 29, 2012
Brotherhood asks Al-Azhar to issue fatwa on IMF loan
Abdel Khaleq al-Sherif, head of the Muslim Brotherhood’s advocacy and guidance department, has asked Al-Azhar, the Ministry of Endowments and…
US delegation arrives in Cairo Tuesday to discuss aid package
Business
August 27, 2012
US delegation arrives in Cairo Tuesday to discuss aid package
The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
Egypt
August 23, 2012
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…
Egypt struggles to buy fuel as credit dries up
Business
August 23, 2012
Egypt struggles to buy fuel as credit dries up
LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
IMF envoys: Egypt visit is to express solidarity, not discuss loan details
Business
August 23, 2012
IMF envoys: Egypt visit is to express solidarity, not discuss loan details
The International Monetary Fund's delegation in Cairo met with representatives from the economic ministries to agree on the steps Egypt…
After a year of uncertainty, Qatar and IMF open pockets
Egypt
August 22, 2012
After a year of uncertainty, Qatar and IMF open pockets
The Egyptian government entered negotiations with the International Monetary Fund for a US$4.8 billion loan on Wednesday, taking the most…