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 PMJuhayna 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
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
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
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
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
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
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, 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
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
The European Commission has approved the disbursement of a €1 billion loan to Egypt.
Updated 12/22/2024 4:00:00 AM
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
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 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
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
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
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
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
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
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