loans

Saudi Arabia to grant Egypt US$1.5 billion in loans
Business

Saudi Arabia to grant Egypt US$1.5 billion in loans

Minister of Planning and International Cooperation Ashraf al-Araby said Tuesday that talks have started with the Saudi delegation currently visiting…
Salafi Dawah vice president says IMF loan permissible in Islam
Egypt

Salafi Dawah vice president says IMF loan permissible in Islam

The vice president of the Salafi Dawah group, Yasser Borhamy, said Sunday the interest on the loan Egypt is set…
State bank to drop small farmers’ debts
Business

State bank to drop small farmers’ debts

The state-owned Agricultural Development Bank will drop the debts of some 41,000 farmers as of next week, the bank's director announced Tuesday.…
IMF chief arrives in Cairo to discuss loan
Business

IMF chief arrives in Cairo to discuss loan

Christine Lagarde, managing director of the International Monetary Fund, arrived in Cairo Tuesday for a two-day visit to hold talks…
Egypt to sign US$200 mn World Bank loan
Business

Egypt to sign US$200 mn World Bank loan

Egypt will sign a US$200 million loan with the World Bank Tuesday, state news agency MENA reported. Planning and International…
Feud between Brothers and military threatens fragile economy
Business

Feud between Brothers and military threatens fragile economy

Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Egypt falters on fuel payments, suppliers say
Business

Egypt falters on fuel payments, suppliers say

Egypt has struggled to obtain bank payments for its fuel purchases, trade sources said, delaying diesel supplies for transport, industry…
Facing edgy vote, SCAF hikes diesel imports
Egypt

Facing edgy vote, SCAF hikes diesel imports

Egypt's military rulers plan to spend close to US$1 billion on diesel this summer, a spike in imports as they…
Minister calls for scrapping US assistance
Egypt

Minister calls for scrapping US assistance

Egypt can easily do away with US aid, Planning and International Cooperation Minister Fayza Abouelnaga said Monday. The US comes…
European bank criticized for encouraging Mubarak-era policies
Business

European bank criticized for encouraging Mubarak-era policies

The Egyptian Initiative for Personal Rights issued this month a scathing critique of the European Bank for Reconstruction and Development’s…
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