Egypt requests $5B first tranche from IMF’s $8B loan

Mon, 18 Mar 2024 - 10:55 GMT

The purpose of this request is to strengthen Egypt's economy and ensure a sustainable infusion of foreign currency liquidity.

Egypt's external financing to witness $26.5B surplus over next four years

Sun, 17 Mar 2024 - 01:00 GMT

This positive development is attributed to various factors, including the UAE's investment in Ras El Hekma, the flotation of the Egyptian pound, and a financing deal with the International Monetary Fund (IMF).