Banks World Bank, AfDB to visit Egypt Sept-end to negotiate $1.5 bln loan Yomna Yasser Sep 8, 2016 0 A joint delegation from the World Bank and the African Development Bank (AfDB) will be visiting Egypt at end of…
Financial Institutions Moody’s: Egypt’s long-awaited approval of VAT “credit positive” Yomna Yasser Sep 5, 2016 0 Moody's Investor Services has commended Egyptian parliament’s approval for the long-delayed value-added tax (VAT).…
Banks 51% of Egypt’s external debt owed to seven countries: CBE Yomna Yasser Sep 1, 2016 0 37.3 percent of Egypt’s external debt comes from the Arab countries, mainly Saudi Arabia, Kuwait, and the UAE, a…
Financial Institutions IMF loan is last option for Egypt to escape economic crises; say experts Yomna Yasser Aug 11, 2016 0 Egypt is angling to obtain the $21 billion loan package from the World Bank, the African Development Bank, the…
Banks Egypt negotiating $200 mln loan from AfDb in support for SMEs Yomna Yasser Aug 1, 2016 0 Egypt is negotiating a $200 million funding from the African Development Bank Group to finance small and…
Financial Institutions Fitch: Egypt IMF deal ‘credit positive’ but high implementation risks loom Yomna Yasser Aug 1, 2016 0 Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation…
Banks AfDB current portfolio with Egypt hikes to $2.24 bln: official Yomna Yasser Jul 18, 2016 0 The African Development Bank (AfDB)’s current portfolio for Egypt has surged to $2.24 billion, Leila Mokaddem,…
Banks AfDB, Egypt’s National Bank brace for new strategy to support agriculture sector Yomna Yasser Jul 13, 2016 0 The African Development Bank (AfDB) Group is preparing for a new strategy to support Egypt’s agriculture sector…
Banks Egypt seeks AfDB’s support to restructure Nasser Social Bank Yomna Yasser Jun 29, 2016 0 Egyptian government is negotiating with African Development Bank (AfDB) to support the country’s plan to…
Banks Beleaguered tourism industry drives Egypt to cancel AfDB $140 mln loan Yomna Yasser Jun 28, 2016 0 Egypt has cancelled a $140 million loan signed with the African Development Bank (AfDB) to upgrade Sharm El-Sheikh…