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Sports
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World
11/24/2023 2:56:11 PM
Eddie Howe has defended Newcastle's position after a move by Premier League clubs to impose a temporary ban on loans between associated clubs failed to attract sufficient support.
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Business
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Economy
11/5/2023 5:33:58 PM
Egypt is slated to secure a total of $5.5 billion in loans from diverse international partners and institutions, according to a recent report by the global rating agency Fitch.
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Business
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Markets & Companies
10/16/2023 3:38:53 PM
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC), the financial arm of the World Bank, to offer financing to privately-owned micro, small, and medium-sized enterprises (MSMEs) in the country.
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Business
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Economy
10/15/2023 2:58:30 PM
The International Monetary Fund (IMF) will announce the dates for the first and second reviews of Egypt’s economic reform programme by the end of October, Minister of Finance Mohamed Maait stated on Saturday.
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Business
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Economy
8/13/2023 7:04:18 PM
Egypt has secured $2.1 billion in concessional financing to the private sector from international partners since the start of 2023, Minister of International Cooperation Rania Al-Mashat said in a meeting with a delegation from the US House Foreign Affairs Committee.
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World
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Africa
8/10/2023 1:29:05 PM
The World Bank is pausing approval for new public finance projects in Uganda over the country's adoption earlier this year of a bill criminalizing same-sex conduct.
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Egypt
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Society
8/9/2023 3:00:48 PM
Egypt has launched the first phase of a support programme that will provide loans at concessional interest rates to irregular labourers to establish 10,000 small and micro projects in six governorates.
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Business
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Markets & Companies
8/6/2023 6:43:57 PM
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency to finance the purchase of shares from shareholders unwilling to remain with the company after the delisting from the Egyptian Exchange (EGX), according to a bourse filing on Sunday.
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Business
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Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.
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Business
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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.
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Business
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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.
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Business
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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.
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World
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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.
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Business
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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.
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Al-Ahram Weekly
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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
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Business
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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.
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Egypt
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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.
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Business
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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).
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Business
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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.
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Business
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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.
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