First Tranche | Egypt Oil & Gas

Eni Launches First Tranche of Share Buyback Program

Following its authorization granted by the Ordinary and Extraordinary Shareholders’ Meeting, Eni declared that the first tranche of the share buyback program, which will concern up to a maximum of 62 million of Eni’s ...

IMF Approved Egypt’s $12b Loan

The International Monitory Fund (IMF) approved a 3-year $12b loan to Egypt on the November 11, reported Daily News Egypt. The loan payment will be over a 10-year period with an interest rate of 1-1.5%. Furthermore,  E...

IMF Board to Review Egypt’s Loan

International Monetary Fund’s (IMF) Director of the Middle East and Central Asia department at the , Masood Ahmed, announced the $2.5b first tranche of the IMF’s $12b loan will be made available to Egypt a...

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