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World
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International
9/2/2024 11:16:30 AM
China on Monday rolled out the red carpet for leaders from across Africa, seeking to deepen ties with the resource-rich continent it has furnished with billions in loans for infrastructure and development.
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World
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Africa
9/1/2024 10:44:40 AM
African leaders descend on China's capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent.
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Al-Ahram Weekly
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Economy
8/29/2024 6:45:00 PM
Doaa A. Moneim reads through the International Monetary Fund’s report on the third review of Egypt’s economic reform programme.
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Al-Ahram Weekly
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Opinion
7/13/2024 3:04:00 PM
The developing countries must break the habit of taking out further loans to fund economic development and pay off existing debts, writes Mahmoud Mohieldin
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Business
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Economy
6/26/2024 4:50:25 PM
International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia's tourist paradise could be headed for a sovereign default on its foreign loans.
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Business
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Economy
4/18/2024 6:04:11 PM
The International Monetary Fund (IMF) has approved $46.4 billion for 18 member countries since November 2023, the IMF’s Managing Director’s Global Policy Agenda 2024 revealed on Thursday.
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Business
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Economy
3/29/2024 12:35:06 AM
The EU will provide one billion euros to finance microenterprises in Egypt during 2024 as long-term loans with low-interest rates, EU Ambassador to Cairo Christian Berger said in an interview with Al Arabiya Business.
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Business
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Economy
3/13/2024 3:22:55 PM
The European Union (EU) will provide Egypt with a €7.4 billion (over $8 billion) package varying between grants and loans. The package is meant to shore up Egypt's economy from the the repercussions of the Israel war on Gaza and the conflict in Sudan, Financial Times (FT) reported on Wednesday.
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Business
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Economy
1/18/2024 10:25:07 PM
The Central Bank of Egypt (CBE) extended the instructions mandating banks to allocate 25 percent of their credit facilities portfolio to micro, small, and medium-sized enterprises (MSMEs) for one year starting 1 January 2024, according to a circular on Thursday.
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Business
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Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.
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Business
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Economy
12/21/2023 4:04:45 PM
The Damietta Port Authority (DPA) and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and the International Finance Corporation (IFC) to facilitate providing $455 million to finance constructing the superstructure of the Second Container Terminal Tahya Misr 1 in Damietta Port.
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Business
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Economy
12/20/2023 2:24:51 PM
The European Bank for Reconstruction and Development (EBRD) announced providing a $100 million loan to the National Bank of Egypt (NBE) to finance Egyptian private micro, small, and medium enterprises (MSMEs), according to the EBRD’s website.
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Business
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Economy
12/17/2023 6:12:08 PM
Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industrial, and tourism activities, Minister of Finance Mohamed Maait said on Sunday.
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Business
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Economy
12/17/2023 5:22:57 PM
Egypt has received $38.8 billion of soft development loans and grants from international development partners between 2020 and 2023, according to a report released on Sunday by the Ministry of International Cooperation.
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Business
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Economy
12/13/2023 1:13:17 PM
The European Bank for Reconstruction and Development (EBRD) is considering providing two loans totaling $35 million to the Egypt-based Arab Investment Bank (aiBank), according to statements by the EBRD on Tuesday.
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Business
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Economy
12/12/2023 2:43:35 PM
Egypt could seek to restructure its debt in 2024 to mitigate the burden of debt service payments through 2025, according to a research note by Morgan Stanley titled "Nine Surprises for 2024".
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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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