IMF loan

Political powers to protest IMF loan
Egypt

Political powers to protest IMF loan

A number of political powers and movements are staging a protest on Wednesday in front of the High Court to…
Official: IMF could change size of US$4.8 bln Egypt loan
Egypt

Official: IMF could change size of US$4.8 bln Egypt loan

DUBAI — The International Monetary Fund could conceivably change the size of the US$4.8 billion loan which it is negotiating…
Egypt lifts cooking gas price before IMF visit
Egypt

Egypt lifts cooking gas price before IMF visit

Egypt raised the price of state-subsidized cooking gas for the first time in two decades on Monday, a government official…
IMF negotiations to resume Wednesday
Egypt

IMF negotiations to resume Wednesday

Cabinet spokesperson Alaa al-Hadidy said the International Monetary Fund delegation will arrive in Cairo on Wednesday to resume negotiations that…
Minister: Govt considering three ways to subsidize fuel next fiscal year
Egypt

Minister: Govt considering three ways to subsidize fuel next fiscal year

The government is considering three ways to identify allocations for fuel subsidies in the new fiscal year 2013/14, which starts…
Egypt calls in favors as credit crunch hits key imports
Business

Egypt calls in favors as credit crunch hits key imports

Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…
Al-Azhar asserts role, clashes with Brotherhood
Egypt

Al-Azhar asserts role, clashes with Brotherhood

Al-Azhar said on Thursday its clerics must be consulted on a law allowing the state to issue sukuk (Islamic bonds),…
IMF mission to visit Egypt in early April for loan talks
Business

IMF mission to visit Egypt in early April for loan talks

The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with…
Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
Business

Moody’s downgrades Egypt, citing unsettled political conditions, weak finances

Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance…
Egypt rejects link between IMF loan and stalled polls
Business

Egypt rejects link between IMF loan and stalled polls

Egypt rejected on Monday any link between stalled parliamentary elections and its drive to secure a loan from the IMF…
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