Russia to Provide $45B Loan for Dabaa Nuclear Plant

Russian President Vladimir Putin has announced a loan to Egypt in order to finance the construction of Egypt's Dabaa nuclear power plant, which will be constructed by Russia's State Atomic Energy Corporation (Rosa ...

International Banking Consortium Lends EGPC $1B

The Egyptian General Petroleum Corporation (EGPC) has signed the final contract for a $1 billion loan with a consortium consisting of 13 international and Arab financial institutions.

HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited

HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC).

IMF, Egypt Reach Staff-Level Agreement on $2B Tranche

The International Monetary Fund (IMF) has announced that they have reached a staff-level agreement with the Egyptian authorities regarding the third review of the country’s economic reform program.

ASORC, NBE Reach Agreement Over $10 M China Loan

The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank.

EBRD to Issue $200 M Loan to SOPC

The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.

NBK-Egypt Renews Financing Deal Worth $10 B for EGPC

The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support EGPC to meet its financial needs.

Egyptian Oil Firms Seeking to Double EGP 10 B Loan

Egypt’s Co-Operation Petroleum Company (COOP) and Misr Petroleum Company sent a letter to an Egyptian banking consortium asking to double an EGP 10 billion loan, which was granted late 2014.

IMF Approves $2 Billion Loan Installment

The International Monetary Fund (IMF) approved a $2 billion installment of the second tranche of its $12 billion loan to Egypt.

Egypt to Receive IMF Loan Tranche in December

Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.

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