foreign loans

Loan negotiations could conclude by November, says IMF
Egypt

Loan negotiations could conclude by November, says IMF

The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Left criticizes IMF loan, but to little effect
Egypt

Left criticizes IMF loan, but to little effect

Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…
Donors pledge US$6.4 billion in aid to Yemen
World

Donors pledge US$6.4 billion in aid to Yemen

RIYADH — A group of international donors pledged US$6.4 billion of aid to Yemen on Tuesday to help the impoverished country rebuild after it…
Multi-million dollar loan from China due to arrive in National Bank
Business

Multi-million dollar loan from China due to arrive in National Bank

The National Bank of Egypt said that the US$200 million loan recently granted by the China Development Bank will arrive…
Brotherhood asks Al-Azhar to issue fatwa on IMF loan
Egypt

Brotherhood asks Al-Azhar to issue fatwa on IMF loan

Abdel Khaleq al-Sherif, head of the Muslim Brotherhood’s advocacy and guidance department, has asked Al-Azhar, the Ministry of Endowments and…
US delegation arrives in Cairo Tuesday to discuss aid package
Business

US delegation arrives in Cairo Tuesday to discuss aid package

  The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
Egypt

Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan

The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…
Egypt struggles to buy fuel as credit dries up
Business

Egypt struggles to buy fuel as credit dries up

  LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
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…
After a year of uncertainty, Qatar and IMF open pockets
Egypt

After a year of uncertainty, Qatar and IMF open pockets

The Egyptian government entered negotiations with the International Monetary Fund for a US$4.8 billion loan on Wednesday, taking the most…
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