Egypt receives $5 bln as final installment of 1st tranche of Ras El Hekma deal: Cabinet

Fri, 01 Mar 2024 - 10:37 GMT

Prime Minister Mostafa Madbouly confirmed on Thursday that Egypt had received $5 billion as part of the initial installment of the investment partnership agreement with the United Arab Emirates aimed at developing Ras El Hikma.

‘Good’ signs from the IMF on Egypt’s reform progress: Mohieldin

Tue, 08 May 2018 - 01:19 GMT

A delegation from the IMF is currently visiting Egypt to review progress on economic reforms.

Third IMF tranche to come in December: Minister

Sun, 20 Aug 2017 - 08:36 GMT

Over fiscal year 2017/18, Egypt is scheduled to receive $4 billion from the IMF.

Cairo, WB discuss providing Egypt with 3rd $1B loan tranche

Wed, 24 May 2017 - 03:30 GMT

Minister of Investment Sahar Nasr discussed with World Bank (WB) Country Director for Egypt Asaad Alam providing Cairo with the third $1 billion.

Cairo expects 2nd tranche of IMF loan in second half of June

Sun, 07 May 2017 - 11:59 GMT

Egypt expects to receive the second tranche of the International Monetary Fund (IMF) loan, worth $1.25 billion, in the second half of June.