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FINANCIAL NEWS
IMF to fund Egypt with USD12b
13 Aug 2016
(MENAFN) The International Monetary Fund (IMF) announced on Friday that it had reached an agreement with Egypt for a $12 billion three-year funding facility to support a government reform program.
IMF said Egypt’s reform program aimed to improve foreign exchange markets and reduce the budget deficit.
Also, IMF said in a statement that the deal is subject to approval by the IMF executive committee which is expected to consider Egypt’s request in the coming weeks.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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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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