IMF loan
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt
November 12, 2016
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling…
Sisi meets state senior officials over economic measures
Egypt
November 7, 2016
Sisi meets state senior officials over economic measures
President Abdel Fattah al-Sisi held a meeting on Sunday with the Cabinet, the governor of the Central Bank of Egypt,…
Egypt to submit letter of intent to IMF within three days -fin min quoted
Business
November 7, 2016
Egypt to submit letter of intent to IMF within three days -fin min quoted
Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
Egypt PM expects IMF deal to be signed within two months
Business
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
Egypt
October 19, 2016
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
The Cabinet is planning more cuts to fuel subsidies soon, in accordance to an agreement with the International Monetary Fund…
IMF chief foresees ‘prompt’ start of Egypt lending
Business
October 9, 2016
IMF chief foresees ‘prompt’ start of Egypt lending
Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
IMF official sees first payout to Egypt at around $2.5 billion
Egypt
October 8, 2016
IMF official sees first payout to Egypt at around $2.5 billion
The International Monetary Fund's initial loan payment to Egypt will be about $2.5 billion, a senior IMF official said on…
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Business
September 8, 2016
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…
Egypt plans to end fuel subsidies within three years
Business
August 23, 2016
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egypt
August 13, 2016
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egyptian President Abdel Fattah al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the…