loans

Saudi Arabia deposits $250 million in Sudan central bank
Middle East

Saudi Arabia deposits $250 million in Sudan central bank

DUBAI (Reuters) – Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position,…
News IMF approves $6 bn loan for Pakistan
World

News IMF approves $6 bn loan for Pakistan

The International Monetary Fund on Wednesday approved a $6 billion, three-year loan for Pakistan to help right the South Asian…
Oil price plunge threatens Iraq recovery
Middle East

Oil price plunge threatens Iraq recovery

BAGHDAD (AP) — The latest plunge in oil prices has dealt a heavy blow to Iraq’s stagnating economy, threatening the…
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…
Education development strategy to cost $2bn over 14 years: minister
Egypt

Education development strategy to cost $2bn over 14 years: minister

The estimated cost of Egypt’s education development strategy is approximately US$2 billion over a period of 14 years, Education Minister…
In Egypt, IMF deal brings austerity few can afford
Economy

In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of…
EU grants to Egypt currently total 1bn euros: EU official
Business

EU grants to Egypt currently total 1bn euros: EU official

European Union grants to Egypt, covering all sectors, stand at a current one billion euros, said an EU official on…
Egypt, S.Korea sign 9 deals during Sisi’s visit
Egypt

Egypt, S.Korea sign 9 deals during Sisi’s visit

Egypt’s President Abdel Fattah al-Sisi signed Thursday morning nine agreements and memos with South Korean President Park Chung-hee in Seoul…
Banque Misr chief hails CBE’s small-projects program
Business

Banque Misr chief hails CBE’s small-projects program

Banque Misr's president lauded a program launched by the the Central Bank of Egypt (CBE) on Sunday that seeks to…
African Development Bank approves $1.5 bn loan to Egypt
Egypt

African Development Bank approves $1.5 bn loan to Egypt

The African Development Bank (AfDB) has approved a US$1.5 billion loan to Egypt to be paid out over three years,…
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