loans

Government to officially sign IMF loan agreement in March
Business

Government to officially sign IMF loan agreement in March

The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Government gets US$1.2 bn commodity loan from Islamic bank
Business

Government gets US$1.2 bn commodity loan from Islamic bank

The Egyptian government has received a US$1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help…
Ganzouri faces tough task selling IMF reforms
Business

Ganzouri faces tough task selling IMF reforms

  Egypt's interim government will have to muster all its skills of persuasion to sell austerity measures to a country…
Economic gloom begins to lift in Egypt
Business

Economic gloom begins to lift in Egypt

When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport
Egypt

Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport

Civil Aviation Minister Hussein Massoud has said that the African Development Bank approved a loan of US$318 million to the…
Egypt’s unemployment rate rises to 12.4%
Business

Egypt’s unemployment rate rises to 12.4%

Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Bloomberg: Egypt to offer US$2.5 bln in bonds
Business

Bloomberg: Egypt to offer US$2.5 bln in bonds

In two weeks, the Egyptian government will offer bonds worth US$2.5 billion, Bloomberg News Network reported on Monday. In the…
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…
Deficit in new budget exceeds LE140 bln
Business

Deficit in new budget exceeds LE140 bln

The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
Gallup Poll: The vast majority of Egyptians oppose US aid
Egypt

Gallup Poll: The vast majority of Egyptians oppose US aid

A recently released Gallup Poll survey shows that about 7 in 10 Egyptians oppose US economic aid to Egypt, and…
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