Egypt is reaching a staff-level agreement with the IMF that would help unlock the second tranche of a USD 12 bn loan to the Arab country, Invest-Gate reports.
Egypt received on March 31 the second tranche of USD 500 mn from the USD 1.5 bn loan financed by the African Development Bank (AfDB) over a three-year period as part of a comprehensive program to economically develop ...
The World Bank (WB) is disbursing Egypt USD 1 bn in financial assistance as a second tranche of its USD 3 bn loan program with the country, Invest-Gate reports.
A new property financing product, Egara, will be launched soon by the United Bank of Egypt (UBE) to finance residential units for low and medium-income individuals, according to Chairperson of UBE, Ashraf Al Kady, Da ...
Orascom Construction Industries (OCI) is about to secure a loan worth up to EGP 800 million ($90 million) from OPEC Fund for International Development (OFID) and the European Bank for Reconstruction and Development ( ...