The International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF), enabling the country to access approximately $1.2 billion.

The International Monetary Fund (IMF) has approved the disbursement of $1.2 billion in a new tranche under Egypt’s $8 billion loan program, Minister of Finance Ahmed Kouchouk stated.

A coalition led by Giza Zoo developer Hadayeiq is seeking to borrow EGP 2.3 billion ($74 million) from local banks, led by the National Bank of Egypt (NBE), to continue development work at the Zoo and the botanical Orman Park.

The International Monetary Fund (IMF) is expected to discuss a $1.2 billion tranche to Egypt in the coming weeks, following the completion of the Extended Fund Facility’s (EFF) fourth review.

The International Monetary Fund (IMF) and the Egyptian governoment have reached a staff-level agreement on the fourth review of the Extended Fund Facility (EFF).

The European Bank for Reconstruction and Development (EBRD) has approved a $275 million syndicated loan for a 1.1 GW wind farm project in the Gulf of Suez, developed by Saudi-based ACWA Power and Hassan Allam Utilities.

El Zahy Group, a local player in the construction sector, has signed a syndicated loan agreement worth EGP 4.2 billion with the National Bank of Egypt (NBE), Banque Misr, and QNB Egypt.

The International Monetary Fund (IMF) has confirmed that discussions on the fourth review of Egypt's economic reform program are ongoing and being conducted virtually.

The European Commission has approved the disbursement of a €1 billion loan to Egypt.

Ezz Steel (ESRS) has secured a loan from Emirates NBD Bank to finance the delisting process from the Egyptian Stock Exchange (EGX)

Egyptian Prime Minister Mostafa Madbouly announced that the International Monetary Fund's (IMF) fourth review of Egypt's economic reform program will conclude in two days.

Banque Misr has spearheaded a banking alliance, including EG Bank, and Suez Canal Bank, to extend joint financing worth EGP 2.8 billion to Landmark Developments.

Abu Dhabi Commercial Bank - Egypt (ADCB - Egypt) has signed a cooperation agreement with the National Authority for Tunnels (NAT) to provide a long-term credit facility valued at EGP 4.5 billion.

The Egyptian authorities did not request an increase in the fourth tranche of its loan program with the International Monetary Fund (IMF) to $2 billion.

The Egyptian government is set to pay off $3 billion in loans to Gulf-based banks in November via the country’s dollar resources.

The Egyptian Social Housing and Mortgage Finance Fund (SHMFF) has secured a six-year syndicated loan worth EGP 50 billion from a consortium of 11 state-owned and private banks to finance medium- and low-income housing projects

President Abdel Fattah El-Sisi met with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva and her accompanying delegation to discuss Egypt’s ongoing economic reform program.

Prime Minister Mostafa Madbouly held a joint press conference with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva to discuss the future collaboration between Egypt and the fund.

The Egyptian Prime Minister Mostafa Madbouly, alongside the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva and the Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, will hold a press conference on Sunday, November 3rd, at the cabinet headquarters in the New Administrative Capital.

First Abu Dhabi Bank Misr (FABMISR) has led a banking alliance in the signing of a syndicated loan facility worth EGP 4.4 billion for Saudi Egyptian Developers (SED).