IMF

Egypt obtains IMF loan worth $3 bln
Economy

Egypt obtains IMF loan worth $3 bln

The head of the International Monetary Fund (IMF) mission to Egypt announced in a press conference, on Thursday, held with…
Central banks add 270 tons of gold reserves so far in 2022
World

Central banks add 270 tons of gold reserves so far in 2022

Central banks around the world continue to add gold to their reserves, with 270 tons of gold added since the…
CBE decision to fix interest rate contradicts expectations: expert
Business

CBE decision to fix interest rate contradicts expectations: expert

 The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Egypt, IMF imminent to agree on new loan
Business

Egypt, IMF imminent to agree on new loan

An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government…
CBE governor to chair annual meetings of World Bank Group and IMF in October
Business

CBE governor to chair annual meetings of World Bank Group and IMF in October

The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming…
Cash reserves within safe limits, cover six months: Banque du Caire head
Business

Cash reserves within safe limits, cover six months: Banque du Caire head

The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman…
Egypt’s public debt to GDP ratio expected to decline to pre-pandemic levels: IMF
Business

Egypt’s public debt to GDP ratio expected to decline to pre-pandemic levels: IMF

The International Monetary Fund (IMF) expects that the ratio of public debt to GDP in Egypt will decline to the…
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings
Economy

Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings

Egyptian Finance Minister Mohamed Maait presented his country’s experience in economic reform before the Spring Meetings of the World Bank…
Lebanon declares bankruptcy, government appeals to stop losses
Business

Lebanon declares bankruptcy, government appeals to stop losses

  Deputy Prime Minister of the Lebanese Government Saadeh al-Shami announced on Monday “the bankruptcy of the state and the…
In support of Egypt, Saudi Arabia provides billions as a deposit with CBE
Egypt

In support of Egypt, Saudi Arabia provides billions as a deposit with CBE

  The Kingdom of Saudi Arabia in implementation of the directives of the Custodian of the Two Holy Mosques, King…
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