Egypt, IMF Reach Staff-Level Agreement for $2B Loan Disbursement

• Thursday, 1st November 2018
• by Sarah Samir

The International Monetary Fund (IMF) reached a staff-level agreement with the Egyptian government on October 30, paving the way for the release of the fifth loan tranche of $2 billion, the IMF said in a press release...

Egypt Close to Settling Foreign Petroleum Debts

• Monday, 30th July 2018
• by Editorial Team

Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed before...