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Egypt raises wage reserve allocation, cuts guarantee ceiling in FY 2026/27 draft budget

Egypt has increased its general reserve allocation for wages by 127% to EGP 73.6 billion in fiscal year (FY) 2026/2027, up from EGP 34.6 billion in the current budget.

Updated 4/28/2026 11:36:00 AM
Palm Hills to guarantee subsidiary in EGP 10.3B syndicated loan

Palm Hills Development’s board has approved guaranteeing the company’s subsidiary Palm for Urban Development in the long-term syndicated loan worth EGP 10.3 billion granted by Banque Misr and other participating banks.

Updated 9/18/2024 12:42:00 PM
Egypt, DG NEAR discuss mechanisms of guarantees for private sector

Egyptian Minister of International Cooperation Rania Al-Mashat has discussed the mechanisms of guarantees for the private sector with the Director General of European Neighborhood Policy and Enlargement Negotiations (DG NEAR) Gert Jan Koopman, in anticipation of the investment conference with the European Union (EU).

Updated 6/9/2024 2:27:00 AM
AIIB likely to act as guarantor for Egypt’s climate bond sale

Egypt is in talks with the Asian Infrastructure Investment Bank (AIIB) to guarantee the country’s climate-related bond issuance, AIIB’s President Jin Liqun said.

Updated 6/25/2023 11:55:00 AM