IMF spokesperson told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes
The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021
The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure
The ongoing desire to own instead of rent, has driven the market forward
Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies
The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network