international loans

World Bank to provide $500 mn for Upper Egypt development program
Business

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

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

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

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

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

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

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

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

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

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…
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