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…
Browsing Tag
Financial Institutions
Misr Insurance wins Egyptian Nitrogen Products’ $1.1 bln policy bid
Egypt’s Misr Insurance Company has won an insurance policy bid for the assets of the Egyptian Nitrogen Products…
Finance minister says Egypt’s external debt to hit $53.4 billion with IMF loan
Egypt's finance minister said in a television interview Sunday that Egypt's external debt would reach $53.4 billion…
No preconditions on IMF’s Egypt loan; Cairo says
The International Monetary Fund (IMF) has not imposed any preconditions on Egypt in order to carry out a mooted $12…
Egypt leasing activity grows 12% in H1
Leasing activities in Egypt recorded a 12 percent y-o-y rise throughout the first half of 2016, head of the…
CBE issues treasury bills worth 9.7 bln Egyptian pounds
Egypt’s central bank is issuing Sunday treasury bills worth 9.7 billion Egyptian pounds ($1.1 billion) to fill the…
Kuwait secures $119 mln for East Port Said desalination plant project
Egypt signed Saturday an agreement worth KWD 35 million ($119 million) with Kuwait Fund for Arab Economic…
IMF praises Saudi reform goals, resilient system
Reforms have helped Saudi Arabia strengthen the financial system while the banking sector is well positioned to…
Egypt to repay each tranche of proposed $12 bln IMF loan over five years
Egypt must repay each tranche of any loan it receives from the International Monetary Fund over five years,…
Egypt says expects to get at least $2 bln in 2 months of agreeing IMF loan
Egypt expects to get at least $2 billion within two months of agreeing a three-year $12 billion loan programme with…