Egypt to pay off $3M loans to Gulf banks in November

Updated 11/7/2024 1:45:00 PM
Egypt to pay off $3M loans to Gulf banks in November

Arab Finance: The Egyptian government is set to pay off $3 billion in loans to Gulf-based banks in November via the country’s dollar resources, a government official told Asharq Business.

The Ministry of Finance has informed the creditor banks of its obligation to repay the loan due on November 24th.

The loan is split into two equal tranches, green financing and Islamic financing, the official said.

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