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

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

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

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

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

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

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

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

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 ( ...

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