loan
Egypt approves 250 million euro loan for Alexandria metro project
Egypt
April 26, 2023
Egypt approves 250 million euro loan for Alexandria metro project
The Official Gazette published President Abdel-Fattah al-Sisi’s Decree No. 531 of 2022 approving a simplified agreement between Egypt and the…
Egypt, IMF imminent to agree on new loan
Business
July 28, 2022
Egypt, IMF imminent to agree on new loan
An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government…
Egypt officially requests IMF support with new economic reform program
Business
March 24, 2022
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
March 17, 2022
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
November 30, 2021
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
June 17, 2021
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
June 14, 2021
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
February 15, 2021
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
October 9, 2020
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
September 30, 2020
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…