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FINANCIAL NEWS
Egypt aims USD12bn financing deal with IMF
17 Aug 2016
(MENAFN) Egypt hopes an USD12bn financing deal with the IMF to help in an economic change, but real progress hinges on a tough reform for growth.
Moreover, the financing over three years, estimated an endorsement to attract more foreign support.
However, the loan won”t help as much as predicted, in a country where many depend on state subsidized bread and imports for basic foodstuffs, like wheat.
On the other hand, Arab states gave Egypt more than USD20bn in aid and investments, but that has proved to be a short-acting slave.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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