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Egypt officially requests IMF support with new economic reform program
Business

Egypt officially requests IMF support with new economic reform program

In light of the current economic developments, Egypt has submitted a request to the International Monetary Fund (IMF) to start…
Egypt in talks with IMF about new loan: Bloomberg
Business

Egypt in talks with IMF about new loan: Bloomberg

Bloomberg reported in urgent news, Thursday, that Egypt is in talks with the International Monetary Fund about possible support that…
Austria provides loan worth LE 8.5 mln euros to Egypt for heavy railway equipment
Business

Austria provides loan worth LE 8.5 mln euros to Egypt for heavy railway equipment

The House of Representatives approved during its plenary session on Tuesday the President of the Arab Republic’s Decree No. 495…
African Development Bank approves €83 million loan for Egypt’s electricity sector
Business

African Development Bank approves €83 million loan for Egypt’s electricity sector

The Board of Directors of the African Development Bank have approved an €83 million loan to finance the second phase…
France to invest 3.8bn euros in Egypt projects
Egypt

France to invest 3.8bn euros in Egypt projects

French Finance Minister Bruno Le Maire on Sunday signed agreements with Egypt to invest 3.8 billion euros in the most…
Japan provides $240mln loan to develop Egypt’s electricity sector
Business

Japan provides $240mln loan to develop Egypt’s electricity sector

The Ambassador of Japan to Cairo Masaki Noke signed a memorandum of understanding with Minister of International Cooperation Rania al-Mashat,…
Deep falls in Egypt’s inflation could prompt IMF consultation
Business

Deep falls in Egypt’s inflation could prompt IMF consultation

Egypt’s inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the…
Egypt to guarantee LE3 billion funding for national carrier EgyptAir
Egypt

Egypt to guarantee LE3 billion funding for national carrier EgyptAir

Egypt’s finance ministry will guarantee long-term financing of 3 billion Egyptian pounds ($191 million) from the central bank for national…
Egypt signs $2 bln loan with regional, international banks -statement
Business

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt to receive $2.2 billion from IMF
Business

Egypt to receive $2.2 billion from IMF

Egypt will receive the first tranche of the International Monetary Fund loan under the Preparedness and Response Plan for COVID-19…
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