loan

African Development Bank approves €83 million loan for Egypt’s electricity sector
Business

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

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

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

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

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…
Egypt signs $2 bln loan with regional, international banks -statement
Business

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) – Egypt signed a two billion dollar conventional and Islamic loan with several international and regional banks in…
Egypt to receive $2.2 billion from IMF
Business

Egypt to receive $2.2 billion from IMF

Egypt will receive the first tranche of the International Monetary Fund loan under the Preparedness and Response Plan for COVID-19…
Egypt to receive more than 186 mn euros in loans
Economy

Egypt to receive more than 186 mn euros in loans

Egypt’s Official Gazette on Thursday issued a decree made by President Abdel Fattah al-Sisi approving a loan for 186 million…
Sisi approves French Development Agency agreement on 2 mn euro grant
Business

Sisi approves French Development Agency agreement on 2 mn euro grant

President Abdel Fattah al-Sisi issued presidential decree 177 of 2019 approving a simplified agreement between Egypt and the French Development…
Mohamed Elneny completes first training with Besiktas
Egypt

Mohamed Elneny completes first training with Besiktas

Egyptian national team player Mohamed Elneny took part Wednesday in his first training session with the Turkish club Besiktas, with…
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