Al Baraka Bank, DMC Ink EGP 350 Mn Loan Agreement

Al Baraka Bank signs an EGP 350 mn loan agreement with Dar Al-Mimar Contracting (DMC) to fund the expansion in Mountain View 1 in New Cairo, Invest-Gate reports.

Inertia Pens EGP 850 mn Bridge Loan with Banque Misr & Banque Du Caire for Jefaira Project

This financing will support the company’s plans in increasing the construction work in Jefaira, which is strategically located on the Mediterranean Sea.

Banque Misr Signs EGP 750 mn Loan Agreement with Mountain View

The loan will boost the pace of construction at Mountain View 4 in the 6th of October City.

MNHD Secures EGP 2.1 bn Loan

Madinet Nasr for Housing and Development (MNHD) has secured an EGP 2.1 bn syndicated loan from three Egypt-based banks in funding for some of the developer's projects in New Cairo.

Egypt, AfDB in Talks for Cairo-Cape Town Highway

Minister of Transport Kamel El Wazir said that Egypt is holding discussions with the African Development Bank (AfDB) for a USD 1.5 bn (EGP 22.5 bn) loan to partially finance the Cairo-Aswan Road

CIRA Inks EBRD Funding Deal for University in Upper Egypt

Cairo for Investment and Real Estate Development (CIRA) signed an agreement with the European Bank for Reconstruction and Development (EBRD) for an EGP-denominated facility worth EUR 25 mn ( EGP 442.78 mn) to set ...

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cai ...

IMF Board Approves USD 2 bn Tranche to Egypt

The International Monetary Fund’s (IMF's) executive board completed on February 2 the fourth review of Egypt’s economic reform program, allowing the country to draw about USD 2 bn worth of loan, bringing the count ...

PACT Secures EGP 120 mn Loan From Arab Investment Bank

Egyptian developer PACT for Real Estate has recently acquired a loan from the Arab Investment Bank, with a total value of EGP 120 mn

IMF, Egypt Reach Staff-Level Agreement on Next Loan Disbursement

The International Monetary Fund (IMF) staff team and the Egyptian officials have reached a staff-level agreement on the third review of Egypt’s economic reform program

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