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Industrial sector captures 61% of bank loans by March 2025: CBE

The Central Bank of Egypt (CBE) announced that the industrial sector remained the largest recipient of bank financing, accounting for around 61% of the total loan portfolio by the end of March 2025, according to the CBE's Financial Stability report.

Updated 10/19/2025 12:07:00 PM
Juhayna signs EGP 1.9B loan with CIB to finance citrus production line

Juhayna Food Industries has signed a medium-term loan agreement with Commercial International Bank (CIB) worth $31.6 million and EGP 255 million, with a combined value equivalent to approximately EGP 1.9 billion.

Updated 5/28/2025 9:44:00 AM
IMF completes 4th EFF review for Egypt, unlocks $1.2B in funding

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.

Updated 3/12/2025 8:19:00 AM
IMF greenlights $1.2B tranche for Egypt

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.

Updated 3/11/2025 7:29:00 AM
Hadayeiq-led alliance seeks $74M loan for Giza Zoo, Orman Park development

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.

Updated 2/11/2025 11:00:00 AM
IMF to discuss $1.2B tranche for Egypt in coming weeks

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.

Updated 2/9/2025 4:22:00 AM
IMF, Egypt conclude staff-level agreement on 4th EFF 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).

Updated 12/25/2024 7:35:00 AM
EBRD approves $275M loan for Gulf of Suez mega wind farm

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.

Updated 12/24/2024 8:39:00 AM
El Zahy Group secures EGP 4.2B syndicated loan from 3 banks for development projects

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.

Updated 12/24/2024 8:18:00 AM
IMF continues virtual talks on Egypt's economic reform program

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.

Updated 12/22/2024 4:07:00 AM
Egypt to receive €1B loan from European Commission within days

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

Updated 12/22/2024 4:00:00 AM
Ezz Steel to finance EGX delisting procedures via Emirates NBD loan

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

Updated 12/9/2024 9:45:00 AM
IMF's 4th review for Egypt's loan to wrap up in 2 days

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.

Updated 11/21/2024 4:08:00 AM
Banque Misr leads consortium to provide EGP 2.8B for Landmark Developments

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.

Updated 11/20/2024 8:22:00 AM
NAT secures EGP 4.5B long-term credit facility from ADCB-Egypt, Arab Bank

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.

Updated 11/18/2024 8:05:00 AM
Egyptian government denies requesting IMF’s 4th loan tranche increase to $2B

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.

Updated 11/12/2024 9:48:00 AM
Egypt to pay off $3M loans to Gulf banks in November

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

Updated 11/7/2024 1:45:00 AM
Social Housing Fund secures EGP 50B loan from banking consortium

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

Updated 11/5/2024 8:20:00 AM
El-Sisi meets with IMF’s Georgieva to review Egypt’s economic reform progress

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.

Updated 11/3/2024 12:32:00 PM
Madbouly, IMF's Georgieva discuss economic partnership amid global challenges

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.

Updated 11/3/2024 3:30:00 AM