IMF loan

IMF chief foresees ‘prompt’ start of Egypt lending
Business

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

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

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

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

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

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

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

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

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

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…
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