European stocks closed slightly higher on Wednesday as investors digested corporate earnings as well as fresh economic …
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Banks
Egypt’s banks cleared to repatriate foreign firms’ long-held profits
by Yomna Yasserby Yomna YasserEgyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms …
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Egyptian President Abdel Fattah al-Sisi and British Foreign Secretary Boris Johnson finalised a joint declaration agreement on …
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Egypt News
Sisi, Johnson finalise $150mn loan to Egypt as part of new support package- embassy
by Yomna Yasserby Yomna YasserPresident Abdel Fattah al-Sisi and British Foreign Secretary Boris Johnson finalised a joint declaration agreement on a …
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Financial Institutions
Britain agrees $150 million loan guarantee to Egypt on Johnson visit
by Yomna Yasserby Yomna YasserBritain has finalised on Saturday a $150 million loan guarantee to Egypt, where Boris Johnson was on …
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Banks
Egypt will receive $1 bln World Bank loan this March – official
by Yomna Yasserby Yomna YasserEgypt will receive the second $1 billion tranche of a $3 billion World Bank loan in March, …
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State-owned landline monopoly Telecom Egypt is in talks with banks about raising a loan designated to pay …
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Financial Institutions
Lagarde: Egypt is making good progress in IMF programme
by Yomna Yasserby Yomna YasserEgypt is making good progress in its $12 billion loan programme with the International Monetary Fund and …
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The International Finance Corporation (IFC), a member of the World Bank Group, approves to provide Egypt’s Arab …
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Banks
AfDB to approve third $500 mln loan tranche to Egypt this year – official
by Yomna Yasserby Yomna YasserThe African Development Bank will disburse the third tranche, worth $500 million, of a $1.5 billion loan …