IMF, Egypt sees progress on loan program

IMF sees progress on Egypt loan program amid Gaza pressures

IMF spokesperson told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes

OPEC FUnd, AFC sign $50m loan image Getty for illustrative purposes

OPEC Fund, Africa Finance Corporation sign $50m loan to finance infrastructure development

The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021

EDB application

Emirates Development Bank to approve loans of up to Dhs5m to SMEs, startups within five days

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

Three key factors that underpinned Dubai’s secondary residential market growth

The ongoing desire to own instead of rent, has driven the market forward

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Saudi wealth fund raises year’s third-biggest loan for new deals

The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth


Bahrain central bank extends loan repayment deferrals on Covid crisis

The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies

HSBC arranges first green export credit agency loan for Saudi ministry

The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network