Moody’s: Egypt’s long-awaited approval of VAT “credit positive”
Moody's Investor Services has commended Egyptian parliament’s approval for the long-delayed value-added tax (VAT).…
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African Development Bank
51% of Egypt’s external debt owed to seven countries: CBE
37.3 percent of Egypt’s external debt comes from the Arab countries, mainly Saudi Arabia, Kuwait, and the UAE, a…
IMF loan is last option for Egypt to escape economic crises; say experts
Egypt is angling to obtain the $21 billion loan package from the World Bank, the African Development Bank, the…
Egypt negotiating $200 mln loan from AfDb in support for SMEs
Egypt is negotiating a $200 million funding from the African Development Bank Group to finance small and…
Fitch: Egypt IMF deal ‘credit positive’ but high implementation risks loom
Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation…
AfDB current portfolio with Egypt hikes to $2.24 bln: official
The African Development Bank (AfDB)’s current portfolio for Egypt has surged to $2.24 billion, Leila Mokaddem,…
AfDB, Egypt’s National Bank brace for new strategy to support agriculture sector
The African Development Bank (AfDB) Group is preparing for a new strategy to support Egypt’s agriculture sector…
Egypt seeks AfDB’s support to restructure Nasser Social Bank
Egyptian government is negotiating with African Development Bank (AfDB) to support the country’s plan to…
Beleaguered tourism industry drives Egypt to cancel AfDB $140 mln loan
Egypt has cancelled a $140 million loan signed with the African Development Bank (AfDB) to upgrade Sharm El-Sheikh…
Egypt hopes to receive AfDB’s $500 mln second tranche in September
Egypt hopes to receive the second tranche of the African Development Bank (AfDB)’s loan next September at maximum,…