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Financial Institutions
IMF says has not received loan request from Egypt, ‘stands ready’ to help
The International Monetary Fund said on Monday it had not received any financing request from Egypt but stood ready…
IMF mission seen in July as Egypt starts $5 bln loan talks: minister
A delegation from the International Monetary Fund (IMF) is expected to visit Egypt next June to resume talks over a…
Egypt parliament approves Kuwaiti Fund’s $20 mln refugee support grant
Egyptian parliament has approved Monday a $20 million grant deal signed with the Kuwait Fund for Arab Economic…
Egypt to issue multi-billion pounds treasury bonds to finance state budget
Egypt’s Ministry of Finance will issue Sunday two treasury bonds totalling 3 billion Egyptian pounds ($340 million)…
French AXA Insurance pumps $6.8 million into CIL Egypt’s capital
French insurance group AXA has completed pumping 60 million Egyptian pounds ($6.8 million) into its…
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
Egypt’s SFD negotiating $300 million finances from World Bank, Saudi Fund
Egypt’s Social Fund for Development (SFD) is negotiating a $300 million financing package from the World Bank and…
AXA to reduce costs to boost earnings by 3%-7%
French Insurance giant AXA released Tuesday its strategic plan for the next four years, saying it will cut costs,…
Lagarde: Brexit risk ‘concerns the whole world’
The potential risk of a Brexit after the June 23 referendum on European Union (EU) membership is "a concern for the…
‘Negative and substantial’ impact on UK if it leaves EU; says IMF
Should U.K. voters choose to leave the European Union (EU) in a referendum this week, the net economic effects…