Presidential decree ratifies $500M loan for Finance Ministry

Updated 12/28/2023 3:21:00 PM
Presidential decree ratifies $500M loan for Finance Ministry

Arab Finance: The Egyptian President Abdel-Fattah El-Sisi has issued a decree approving a loan worth $500 million from Deutsche Bank and the Arab Banking Corporation (ABC) to the Ministry of Finance, the Official Gazette reported.

The loan is guaranteed by the Arab Investment and Export Credit Guarantee Corporation (Dhaman).

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