IMF

IMF deal seen as only way out for Lebanon
Middle East

IMF deal seen as only way out for Lebanon

BEIRUT (Reuters) — The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund…
Mashat discusses cooperation between Egypt, World Bank during visit to US
Business

Mashat discusses cooperation between Egypt, World Bank during visit to US

Egypt’s Minister of International Cooperation Rania al-Mashat met with President of the World Bank Group David Malpass during her official…
Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget
Business

Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget

Egypt’s Finance Ministry said on Sunday that it would open up the new draft of the government’s  2020/2021 budget to…
Lebanon weighs defaulting or paying Eurobond next month
Middle East

Lebanon weighs defaulting or paying Eurobond next month

BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…
Egypt non-oil private sector shrinks faster in January: PMI
Business

Egypt non-oil private sector shrinks faster in January: PMI

CAIRO (Reuters) – Non-oil private economic activity in Egypt contracted at the quickest rate in almost three years in January…
Rania Al-Mashat appointed Egypt’s governor at World Bank, several other financial institutions
Egypt

Rania Al-Mashat appointed Egypt’s governor at World Bank, several other financial institutions

Egypt’s Minister of International Cooperation Rania Al-Mashat has been appointed Egypt’s governor at the World Bank and several other economic…
Sisi highlights Egyptian women’s role in fight against terrorism, economic reform
Egypt

Sisi highlights Egyptian women’s role in fight against terrorism, economic reform

President Abdel Fattah al-Sisi on Thursday praised Egyptian women for their role in the fight against violent extremism and their…
As petrol prices rise, more Egyptians convert to dual-fuel vehicles
Egypt

As petrol prices rise, more Egyptians convert to dual-fuel vehicles

CAIRO (Reuters) — The number of Egyptians switching to dual-fuel vehicles is accelerating as the government pushes motorists to use…
Egypt’s fuel subsidy bill drops by 69% year on year July-Sept: Minister
Business

Egypt’s fuel subsidy bill drops by 69% year on year July-Sept: Minister

CAIRO, Dec 8 (Reuters) – Egypt’s spending on fuel subsidies dropped by about 69 percent year on year to 7.25…
Egypt’s parliament confirms reappointment of Amer as central bank governor
Egypt

Egypt’s parliament confirms reappointment of Amer as central bank governor

CAIRO, Nov 28 (Reuters) — Egypt’s parliament approved the appointment of central bank governor Tarek Amer to a second four-year…
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