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The Islamic Development Bank is set to pump $3bn in the period between 2018 and 2020 to support a number of developmental projects in Egypt, Minister of Investment and International Cooperation Sahar Nasr revealed. Nasr has agreed with the bank on a new strategic partnership, which will include establishing a new regional office in Egypt. …
Nasr signed a $10m financing agreement with the IDB to combat bird flu
We will work to employ loans and grants well, to improve the quality of life of citizens without burdening the state’s budget, the minister says
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments.
Islamic Development Bank announces $566m financing for projects in energy, roads, petrochemicals, water, education, and health
Reuters – The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120m fund to support small businesses in the southern and eastern Mediterranean region. The fund is part of the first agreement between the EBRD and the Jeddah-based Islamic Corporation for the Development of …
Allocation comes as part of nearly $705m approved by the bank to finance projects in Muslim communities
It would be the Jeddah-based IDB’s third sukuk program – it already issues Islamic bonds in London and Kuala Lumpur – and its first in a Middle Eastern country.
The IDB and Egypt recently met to discuss future collaboration, with potential for tripartite cooperation with other African countries.
Ministry to collaborate with public and private institutions to draft law; will also provide training courses on its application
Egypt asks for $500m in aid from Saudi Arabia to support its national budget
Finance Ministry advisor: Sukuk not affected by Egypt’s recent credit downgrading
Economic Committee: We are reviewing our losses as a result of Egypt’s dollar crisis
Public-private partnerships expected to provide Government with new mechanisms to attract foreign investments
The deal will allow the government to lease equipment for a power plant in South Helwan
During its meeting on Tuesday, the economic committee at the Shura Council continued deliberating the sukuk bill as it discussed the technical aspects of the project law