economic reform program

Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Business

Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook

Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March
Business

Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March

The Central Bank of Egypt (CBE) announced on Sunday that international foreign currency reserves increased at the end of March…
Egypt anticipates US$1.6 billion from IMF within weeks
Egypt

Egypt anticipates US$1.6 billion from IMF within weeks

An International Monetary Fund (IMF) team led by Uma Ramakrishnan held a virtual meeting session with Egyptian officials from November…
IMF approves US$5.2 billion loan for Egypt against COVID-19
Business

IMF approves US$5.2 billion loan for Egypt against COVID-19

The International Monetary Fund (IMF) approved on Friday a 12-month US$5.2 billion Stand-By Arrangement (SBA) loan for Egypt. The new…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
Business

Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts

The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
IMF approves US$2.77 billion support to Egypt to address coronavirus
Business

IMF approves US$2.77 billion support to Egypt to address coronavirus

The executive board of the International Monetary Fund (IMF) has approved Egypt’s request for emergency financial assistance of US$2.772 billion…
Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020
Business

Sisi follows up Egypt’s financial performance indicators from July 2019 to April 2020

Egyptian President Abdel Fattah al-Sisi on Sunday followed up the country’s financial performance indicators beginning from July 2019 until April…
Egypt requests fresh financial package from the IMF to counter coronavirus
Business

Egypt requests fresh financial package from the IMF to counter coronavirus

The Egyptian government and the Central Bank of Egypt have requested a new financial package from the International Monetary Fund…
Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year
Business

Moody’s expects Egypt’s economy to grow by 4.4 percent by end of current fiscal year

The Moody’s corporation anticipates the Egyptian economy to grow 4.4 percent by the end of the current fiscal year 2019/2020…
Egypt most attractive to stock portfolios among emerging markets: Minister
Economy

Egypt most attractive to stock portfolios among emerging markets: Minister

International praise for Egypt’s continued improvement in its economic performance opens up new horizons in attracting foreign investments, Finance Minister…
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