The Egyptian government will not amend the economic reform plan submitted to the International Monetary Fund (IMF), unless the Shura Council objects to the country's public budget, said the Minister of Finance Fayad Abdel Monem.
On the sidelines of (...)
Zain Zahran, executive director of Islamic Development Bank, has revealed that the total value of agreements signed with the Egyptian government reached US$ 8.1 billion.
The latest financing package from IDB to Egypt is worth US$ 800 million and (...)
The Egyptian Minister of Finance Fayad Abdel Monem stated that issuing sukuk (Islamic bonds) is an important step towards achieving sustainable development in Egypt in the upcoming period as the new instrument can finance all investment fields and (...)
The Islamic Development Bank (IDB) plans to provide Egypt with US$ 920 million worth of finances; of which US$ 800 million allocated for water pumping stations and US$ 120 million for an electricity generation plant in Damietta, said Zain Zahran, (...)
The Ministry of Finance has started three projects that will be financed through sukuk which are Ain Shams-10th of Ramadan Train Project, Black Sand Project in Kafr El-Sheikh and Wheat Silos, said the Minister Fayad Abdel Monem.
Abdel Monem added to (...)