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" Loans"

327 results

Business - Economy
7/24/2023 1:54:18 PM
Egypt’s cabinet approved on Monday the cancellation of the Central Bank of Egypt’s (CBE) initiatives providing low-interest loans to workers in the tourism sector.

Business - Economy
7/9/2023 5:42:53 PM
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC) to support its capital and fund green projects, according to a bourse statement on Sunday.

Business - Economy
6/20/2023 5:35:29 PM
Experts and party representatives at the Egyptian National Dialogue emphasized the importance of rationalizing public spending and reducing reliance on loans during a session on reforming the state's general budget on Tuesday.

World - War in Ukraine
6/20/2023 3:29:40 PM
Brussels on Tuesday asked EU member states to provide 50 billion euros ($55 billion) more to support Ukraine over the next four years, as part of a boost to the bloc's budget.

Business - Economy
6/14/2023 10:19:16 PM
Egyptian bank assets increased by 14 percent to nearly EGP 13 trillion ($420.71 billion) during the first three months of 2023, up from EGP 11.4 trillion recorded at the end of December 2022, according to data released by the Central Bank of Egypt (CBE) on Wednesday.

Al-Ahram Weekly - Egypt
6/6/2023 9:28:59 PM
The Senate approved the FY 2023-24 socioeconomic development plan amid calls for limits on foreign loans, reports Gamal Essam El-Din

Business - Economy
6/5/2023 9:50:32 PM
Egypt will not take out new loans unless they are on soft terms and only for compelling developmental needs, Minister of Planning and Economic Development Hala El-Said told the Senate on Monday.

Egypt - Society
5/30/2023 10:35:34 PM
Hajj costs have skyrocketed by more than 85 percent in the past year. This enticed a number of Egyptian banks to offer loans to those seeking to perform the religious duty. Enter controversy.

Business - Economy
5/29/2023 3:28:48 PM
Banque Misr will receive a $260 million loan from the World Bank's (WB) financial arm, the International Finance Corporation (IFC) over five years to support micro, small, and medium-sized enterprises (MSMEs).

Business - Economy
5/27/2023 5:00:56 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to member states on concessional terms.

Business - Economy
5/24/2023 6:41:10 PM
Egypt is seeking concessional loans from regional and international development partners to ensure sustainable spending on healthcare, education and food security programs, Minister of Finance Mohamed Maait said on Wednesday.

Business - Economy
4/25/2023 1:40:09 PM
In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles.

World - International
3/28/2023 12:31:32 PM
China has handed out $240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with the trend accelerating in recent years, a report said Tuesday.

World - Region
3/23/2023 4:00:56 PM
Crisis-hit Lebanon is "at a very dangerous moment", a visiting delegation of the International Monetary Fund said on Thursday, criticising slow progress on reforms needed to unlock billions in loans.

World - Region
3/9/2023 8:38:45 PM
Just $1.4 billion in new loans and grants were promised at a UN summit devoted to the world's poorest nations where UN leader Antonio Guterres had appealed for massive aid, officials said Thursday.

Business - Economy
3/8/2023 1:40:00 PM
The Central Bank of Egypt (CBE) announced on Tuesday the terms of the national EGP 150 billion initiative to provide loans to industrial and agricultural private sector companies.

World - International
3/7/2023 11:35:42 AM
Worn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten.

Al-Ahram Weekly - Egypt
2/3/2023 4:25:00 PM
Beni Suef governorate in Upper Egypt has launched the drive “Living off its Good” in which 45 female farmers were selected to receive loans given by the Ministry of Social Solidarity. The loans will be used to rent agricultural land and grow potatoes. A leading potato chips company has been contracted to buy the crops, reports Nahla Abul-Ezz.

Business - Economy
1/18/2023 6:31:40 PM
Egypt’s cabinet approved on Wednesday the main framework of a new five-year initiative to fund industrial and agricultural sectors’ projects with loans at an 11 percent interest rate.

World - Region
1/18/2023 5:40:38 PM
Lebanon's caretaker government Wednesday approved opening credit lines totaling $116 million to help fix its crippled state electricity grid.

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