loans

IMF and govt agree on economic program, official says
Business

IMF and govt agree on economic program, official says

A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…
Foreign reserves likely up US$300-400 mn, newspaper says
Business

Foreign reserves likely up US$300-400 mn, newspaper says

Foreign reserves probably rose US$300 million to $400 million in October thanks to loans from Qatar and Turkey, state-run Al-Gomhurriya…
Govt source: US$2 bn deposit from Algeria in works at Qandil visit
Egypt

Govt source: US$2 bn deposit from Algeria in works at Qandil visit

The Egyptian government may negotiate with Algeria for a US$2 billion deposit, said an official Egyptian government source. The source…
Qatar loans Egypt US$10 million
Egypt

Qatar loans Egypt US$10 million

Qatari Attorney General Ali al-Marri announced on Thursday a loan of US$10 million to help cushion the loss of billions…
Finance minister: Egypt close to US$1 bn loan from World Bank
Egypt

Finance minister: Egypt close to US$1 bn loan from World Bank

Egypt had agreed with the World Bank on the terms for obtaining a US$1 billion loan to finance projects that…
Islamic Development Bank to lend Egypt US$330 million
Business

Islamic Development Bank to lend Egypt US$330 million

Several local and regional banks are preparing to give the Egyptian government a US$330 million loan, in the second portion…
Qandil: IMF delegation to visit Egypt in late October
Business

Qandil: IMF delegation to visit Egypt in late October

A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over…
Finance minister says IMF delays loan talks
Egypt

Finance minister says IMF delays loan talks

The International Monetary Fund has delayed sending a team to Cairo to negotiate a US$4.8 billion loan while the Egyptian…
Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit
Business

Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit

President Mohamed Morsy and Turkish Prime Minister Recep Tayyip Erdogan signed a US$1 billion loan Sunday, half of the aid…
Ministry secures 940 million euro funding for metro third phase
Business

Ministry secures 940 million euro funding for metro third phase

Planning and International Cooperation Minister Ashraf al-Araby signed Sunday morning a 940 million euro agreement of foreign financing for the…
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