international loans
World Bank to provide $500 mn for Upper Egypt development program
Business
August 3, 2016
World Bank to provide $500 mn for Upper Egypt development program
The Egyptian government signed a deal with the World Bank on Tuesday for US$500 million in funding for an economic…
Egypt’s external debt to reach $53.4 billion with IMF loan: minister
Business
August 1, 2016
Egypt’s external debt to reach $53.4 billion with IMF loan: minister
Egypt's Finance Minister Amr al-Garhy said in a television interview on Sunday that Egypt's external debt would reach $53.4 billion…
Egypt to close loan deal with African Development Bank
Business
December 5, 2012
Egypt to close loan deal with African Development Bank
The African Development Bank has tentatively agreed to provide Egypt with US$2.5 billion over the next two years, which coincides…
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…
Update: IMF loan violates Sharia, says Nour Party
Egypt
August 22, 2012
Update: IMF loan violates Sharia, says Nour Party
The government should not borrow from the International Monetary Fund to boost the country’s cash reserve, the Salafi Nour Party…
Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln
Business
August 15, 2012
Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln
International Monetary Fund chief Christine Lagarde will visit Egypt next week in a show of IMF support for Egypt's…
Egypt’s OCI gets $100 mn loan from World Bank
Business
June 7, 2012
Egypt’s OCI gets $100 mn loan from World Bank
Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it…
Dented economy haunts Egypt a year after revolt
Business
February 10, 2012
Dented economy haunts Egypt a year after revolt
A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
Minister: Egypt asked IMF for $3.2 billion loan
Business
January 16, 2012
Minister: Egypt asked IMF for $3.2 billion loan
Egypt has asked the International Monetary Fund for US$3.2 billion in support, a government minister said on Monday, as the…
Egypt gets budget help from Arab Monetary Fund
Business
November 16, 2011
Egypt gets budget help from Arab Monetary Fund
Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…