budget deficit
IMF to resume talks with Egypt in February
Business
January 19, 2012
IMF to resume talks with Egypt in February
The International Monetary Fund's meetings with Egyptian officials over a financial support program will continue into February, an IMF official…
IMF delegation head: We won’t impose conditions for loan
Business
January 17, 2012
IMF delegation head: We won’t impose conditions for loan
The International Monetary Fund (IMF) will not impose conditions on Egypt in exchange for a loan of US$3.2 billion, Massoud…
Egypt to offer US$1bn in 1-year USD T-bills
World
January 17, 2012
Egypt to offer US$1bn in 1-year USD T-bills
Egypt's central bank on Tuesday said it will offer US$1 billion in dollar-denominated 1-year treasury bills at an auction on…
IMF plans to visit Egypt in January after canceling December visit
Business
December 28, 2011
IMF plans to visit Egypt in January after canceling December visit
The International Monetary Fund (IMF) said it postponed a visit to Cairo in mid-December for security reasons but plans to…
Monday’s papers: Economic woes and disagreement over advisory council
Egypt
December 12, 2011
Monday’s papers: Economic woes and disagreement over advisory council
Most local newspapers Monday lead with the statements made by Prime Minister Kamal al-Ganzouri during a press conference held on…
Banks increase interest rates to attract deposits
Business
November 6, 2011
Banks increase interest rates to attract deposits
Egyptian public and private banks are competing to raise the interest rates of certain services, which some experts consider an…
Govt mulls legalizing statuses of squatters on 350,000 acres of land
Egypt
October 31, 2011
Govt mulls legalizing statuses of squatters on 350,000 acres of land
Egypt's cabinet will next week study the possibility of legalizing the status of squatters occupying some 350,000 acres of land,…
Finance Minister: Borrowing is the solution for financial crisis
Business
October 3, 2011
Finance Minister: Borrowing is the solution for financial crisis
Local or foreign borrowing is the immediate solution to the financial crisis in Egypt, Finance Minister Hazem al-Beblawy said on…
IMF delegation to visit Egypt over future borrowing
Business
October 2, 2011
IMF delegation to visit Egypt over future borrowing
International Monetary Fund (IMF) officials proposed to amend the conditions tied to Egypt’s request to borrow US$3 billion in June…
Egypt says April-June budget deficit US$4.99 billion
Business
September 8, 2011
Egypt says April-June budget deficit US$4.99 billion
Egypt's budget deficit fell to 29.8 billion Egyptian pounds (US$4.99 billion) in the April to June quarter from 31.6 billion…