IMF loan
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…
Sisi warns tough measures to fix economy are looming
Egypt
August 1, 2016
Sisi warns tough measures to fix economy are looming
President Abdel Fattah al-Sisi warned Egyptians on Monday that tough measures would be needed to turn the country's ailing economy…
IMF request fully floating Egyptian pound: senior gov’t official
Business
August 1, 2016
IMF request fully floating Egyptian pound: senior gov’t official
A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt
July 28, 2016
IMF keen to support Egyptian economy with loan, boosting jobs: PM
The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
IMF mission in Cairo next week for talks on US$12bn bailout
Business
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt delays international bond issuance, is not in talks with IMF
Business
April 17, 2016
Egypt delays international bond issuance, is not in talks with IMF
Egypt will delay an international bond issuance until at least the first half of fiscal year 2016/17 and has not…