IMF loan

Wednesday’s papers: ‘Yes’ vs. ‘No’
Egypt

Wednesday’s papers: ‘Yes’ vs. ‘No’

Scenes of streets full of protesters supporting or denouncing President Mohamed Morsy's decisions have become the daily routine over the…
Fiscal fumbling: Tax law, IMF turmoil knocks economy off course
Business

Fiscal fumbling: Tax law, IMF turmoil knocks economy off course

Egyptian officials have asked to postpone a request for a US$4.8 loan from the International Monetary Fund, loan officials said…
Qandil: No upcoming Cabinet reshuffle
Egypt

Qandil: No upcoming Cabinet reshuffle

Prime Minister Hesham Qandil denied on Tuesday reports of an upcoming Cabinet reshuffle, stressing that the economic situation has become…
Egypt requests delay of IMF loan approval
Egypt

Egypt requests delay of IMF loan approval

Prime Minister Hesham Qandil confirmed that Egypt has requested from the International Monetary Fund a one-month delay in approval of…
Cabinet ‘surprised’ over decision to postpone sales tax increases
Egypt

Cabinet ‘surprised’ over decision to postpone sales tax increases

The Cabinet was not informed of President Mohamed Morsy’s decision to postpone a law on increasing commodity’ prices, and wasn’t…
Morsy suspends tax plan, calls the increase a ‘burden’ on average citizen
Egypt

Morsy suspends tax plan, calls the increase a ‘burden’ on average citizen

President Mohamed Morsy has decided to suspend wide-ranging changes to the country's tax laws that had been signed earlier this…
Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol
Business

Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol

New public tax laws on a broad array of products and services were technically entered into force on Friday, as…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
Business

Egypt’s economic reform plan: Revolutionary social justice, or more of the same?

The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…
IMF: Egypt must keep steady course for loan review
Business

IMF: Egypt must keep steady course for loan review

The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
IMF spokesperson: Loan contingent on implementation of policies
Business

IMF spokesperson: Loan contingent on implementation of policies

The IMF loan agreement Egypt reached last week with the fund’s delegation has not been directly affected by President Mohamed…
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