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UPDATED- ERC kicks off its debt restructuring plan
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks for a debt restructuring agreement, ERC President Mohamed Saad said on…
Egypt in the News: Reuters looks at the carry trade, World Bank highlights natural gas infrastructure
Reuters puts the carry trade in focus this morning ahead of a year in which central banks globally are seen…
More financing for SMEs + green projects
AUB is getting USD 82 mn to on-lend to SMEs + green projects: Ahli United Bank Egypt (AUB) will receive…
Fitch thinks Egypt could be up for another IMF program
Egypt’s high exposure to external financing could lead the government to seek a fresh IMF program, especially in the event…
NBE in talks for USD 600 mn facility
State-owned National Bank of Egypt (NBE) is in talks with an Asian development bank to borrow more than USD 600…
AIIB approves USD 360 mn loan to support Egypt’s post-covid economy
We’re getting a USD 360 mn loan from AIIB: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has approved a USD…
Gov’t finalizes USD 2 bn loan from int'l banking syndicate
The government’s USD 2 bn syndicated bank loan has been finalized and is awaiting approval in the House of Representatives,…
Export Development Fund needs more time to pay arrears
Export Development Fund needs more time to pay arrears: The Export Development Fund is extending the third phase of its…
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