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FINANCIAL NEWS
Kuwait Fund to give Egypt USD1.5b loan by 2020
07 Apr 2015
(MENAFN) The Kuwait Fund for Arab Economic Development is set to give the Egyptian government a USD1.5 billion loan by the year of 2020, allocating it as USD300 million annul grants, Reuters reported.
The details of the agreement remain yet undisclosed. The finance is due by Kuwait’s government agency for supporting developing countries in the fields of agriculture, transport and energy.
Presently, Egypt stands as the number one country in reaching out its hands for aid from Kuwait, Saudi Arabia and the UAE in order to keep its footing amid its political instability.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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