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Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan according to the ministry will cover 2021 Read more
The World Bank (WB) has granted Egypt a $1.15-billion loan, the third of the three annual loans signed up for by the North African country in its drive to conduct economic reforms. Egypt has signed up with the World Bank Read more
The World Bank (WB) announced Tuesday it granted Tunisia a $60 million that will be used to back underprivileged youths and incite entrepreneurship among the country’s youngsters living in economically poor parts of the North African country. Directed to youths Read more
Egypt’s Central Bank has received a deposit of $2 billion from Libya. The amount is reported to come from the Libyan investments in Egypt. Questioned about the reasons behind such a move, the Libyan Central Bank governor highlighted that the Read more
The deputy director general of Kuwait Fund for Arab Economic Development, Ghouneimane El Ghanem, is on a working visit to Mauritania where he met with Prime Minister Dr. Mohamed Ould Moulaye Laghdaf. EL Ghanem said his visit is in line Read more
In a circular that was distributed to commercial banks the UAE central bank announced that a new limit has been set on mortgage loans for foreigners that wish to buy estates in the country. According to banking and real estate Read more
In a move to manifest its solidarity in the revival of Egypt’s economy and its struggle to shake-off the effects of its post-revolution, Qatar has announced that it will deposit an amount of $2 billion at Egypt’s Central bank. The Read more
As Jordan continues to try to put its economy and political tension under control, it has come to a conclusion with the International Monetary Fund for a $2 billion loan. The rise in oil prices and the political tension has Read more
Financial markets may reject Spain’s financing requests if it fails to curb the deficit. The warning was expressed by Prime Minister Mariano Rajoy before Parliament Wednesday. He said unless the Parliament endorses the deficit cuts he proposed, there is serious Read more
In their aspirations to be competitive in the much heated financial and banking sector that the world is witnessing alongside the economic crisis, Kuwait, through the Governor of the Central Bank, has announced new rules concerning loans offered by banks Read more