IMF Reaches Staff-Level Deal With Egypt to Unlock USD 1.25 bn

• Monday, 15th May 2017
• by Nayrouz Talaat

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.

WB Plans to Disburse 3rd Tranche of Loan by Dec

• Thursday, 4th May 2017
• by Nayrouz Talaat

The World Bank (WB) is planning to provide Egypt with the third tranche of its USD 3 bn loan program by December, Invest-Gate reports.

Egypt Gets Second Tranche of AfDB Loan

• Monday, 3rd April 2017
• by Leena ElDeeb

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 ...

Egypt Receives Second Tranche of WB Loan

• Tuesday, 21st March 2017
• by Leena ElDeeb

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.

NBE to Finance EGP 300M in a Syndicated Loan of EGP700M to Real Estate Project

• Monday, 29th August 2016
• by Heba Eid

The National Bank of Egypt agreed to co-finance a real estate company with EGP 700 million towards an EGP 2 billion project.

Abraj Misr Makes EGP 220 Debt Repayment

• Monday, 25th July 2016
• by Heba Eid

Abraj Misr, an Egypt-based real estate developer, paid EGP 220 million for the land purchase to Export Development Bank of Egypt.

UBE to Launch New Property Financing Product, Egara

• Sunday, 26th June 2016
• by Nadine Abou el Atta

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 to Borrow EGP 800 M from OFID

• Wednesday, 11th May 2016
• by Nadine Abou el Atta

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 ( ...