The International Monetary Fund (IMF) has approved a three-year $12bn (€11bn) loan for Egypt to help the country out of its deep economic crisis.
Egypt will receive $2.75bn immediately, with the rest subject to its economic performance and further reforms.
IMF Managing Director Christine Lagarde said the bailout would "address longstanding challenges".
Egypt's President Abdul Fattah al-Sisi is facing high unemployment and a budget deficit of 12% of GDP.
The country has struggled to attract foreign investment since the political turmoil in 2011 and the so-called Arab Spring, which saw former president Hosni Mubarak overthrown.
Tourism - traditionally a leading source of income for Egypt - has declined sharply over the past five years.
Last week Egypt floated its currency in a move that reduced its value by almost 50% against the dollar in an attempt to strengthen confidence in the economy.
Egypt allows its currency to float freely
Can Egypt's tourism recover?
The government also increased interest rates by three percentage points to 14.75%, and raised the price of basic commodities and fuel.
The moves led to widespread criticism of the president and a drop in his popularity. A big security operation was put in place in Cairo to pre-empt mass demonstrations that had been expected on Friday.