EGB Egypt signs $20 mln loan agreement to finance SMEs
Cairo-based Egyptian Gulf Bank has signed a loan agreement with the European Investment Bank (EIB) to receive a $20…
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Egypt’s AAIB bank negotiating dollar loan from EBRD
Egypt’s Arab African International Bank (AAIB) is negotiating dollar-dominated loans from some international…
IMF backs Egypt plan to remove fuel subsidies in 3 years, ease inflation: official
The International Monetary Fund is encouraged by Egypt's efforts to remove fuel subsidies within three years and…
Central bank of Egypt to cancel $100,000 limit on individual bank transfers
Egypt’s central bank governor Tarek Amer said yesterday the central bank would soon cancel a $100,000 limit on…
Consortium plans EGP13.5 bln loan for Egypt Petroleum Corp
A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to finance the…
Banque Misr in talks with international funding institution for new dollar debt
Banque Misr is negotiating with one of the international banking institutions in order to obtain a new dollar loan…
IMF reaches staff-level agreement on second payment of Egypt loan
The International Monetary Fund has reached Friday a staff-level agreement on a second payment that would make…
ADIB Capital secures €40 million for Egypt’s Electricity Holding
ADIB Capital, the investment banking arm of the Abu Dhabi Islamic Bank (ADIB) Egypt, has secured €40 million ($43.8…
IMF seen delivering Egypt second tranche of $12 bln in second half of June
Egypt expects to receive the second tranche of its loan from the International Monetary Fund within the second half…
Sisi approves Japanese loan worth $460 mln for Grand Egyptian Museum
Egyptian President Abdel Fattah al-Sisi has approved a Japanese loan worth 49.4 billion yen (US$460 million) to…
