IMF loan

IMF welcomes Egypt’s effort to safeguard reserves
Business

IMF welcomes Egypt’s effort to safeguard reserves

The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
Agency: Egypt budget deficit expected to widen to LE200 bn
Business

Agency: Egypt budget deficit expected to widen to LE200 bn

Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in…
Morsy not concerned about dollar rise against pound, market will rebound
Egypt

Morsy not concerned about dollar rise against pound, market will rebound

Egypt is not concerned about the dollar’s recent rise against the Egyptian pound, President Mohamed Morsy said Monday in statements…
Egypt not on verge of bankruptcy, says PM
Egypt

Egypt not on verge of bankruptcy, says PM

Prime Minister Hesham Qandil said Sunday that although the country's economic situation is "difficult and critical," the country is not…
Turkey immunizes loan to Egypt against judicial rulings
Business

Turkey immunizes loan to Egypt against judicial rulings

Turkey has immunized its US$2 billion loan to Egypt against variables such as a court ruling, said a government source.…
Egypt’s economy will face tougher hurdles in 2013
Business

Egypt’s economy will face tougher hurdles in 2013

Talk of economic recovery has all but gone silent in Egypt, replaced by doomsday predictions about the depths to which…
Egypt far from bankruptcy, says govt
Egypt

Egypt far from bankruptcy, says govt

Government spokesperson, Alaa al-Hadidy, on Wednesday said Egypt is far from the “frightening scenario” of bankruptcy. “Bankruptcy is normally preceded…
Fragile economy overshadows Morsy’s referendum win
Business

Fragile economy overshadows Morsy’s referendum win

Egyptian President Mohamed Morsy will have little time to savor victory in pushing through a new constitution as it may…
EU: No aid to Egypt before improving economy and signing IMF loan
Business

EU: No aid to Egypt before improving economy and signing IMF loan

The European Union has said it is willing to support Egypt and the “Arab Spring” countries to achieve democracy, but…
Is it collective suicide?
Opinion

Is it collective suicide?

Most observers have been paying close attention to the exciting dynamics of Egypt’s ongoing political crisis, which unfolded following the…
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