Economy

China presses Europe for anti-US alliance on trade

China presses Europe for anti-US alliance on trade

  China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade…
IMF hails Egypt progress in its economic reform program

IMF hails Egypt progress in its economic reform program

  In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
IMF urges Egypt to maintain tight monetary policy to ward off inflation

IMF urges Egypt to maintain tight monetary policy to ward off inflation

  Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity…
IMF approves 4th tranche of Egypt’s $12 billion loan

IMF approves 4th tranche of Egypt’s $12 billion loan

Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
Egypt paid $30 billion in loans during 2017: Finance Ministry

Egypt paid $30 billion in loans during 2017: Finance Ministry

  Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff

Trump greets EU trade reprisals with threat of steep auto tariff

President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…
Government to receive $2 billion from IMF in July: Minister

Government to receive $2 billion from IMF in July: Minister

  Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
After fuel prices increase, Prime Minister announces new transportation tariff

After fuel prices increase, Prime Minister announces new transportation tariff

  Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…
Ministry of Petroleum announces new price hikes

Ministry of Petroleum announces new price hikes

Minister of Petroleum Tarek Al-Mula announced new petroleum price hikes, adding that removing subsides on petroleum is an important procedure…
US dollar hits seven-month high

US dollar hits seven-month high

World shares fell and were set to end the week in the red on Friday while the dollar climbed to…
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