International Monetary Fund
No third flotation of the Egyptian pound: economist
Business
December 19, 2022
No third flotation of the Egyptian pound: economist
Economist Mostafa Badra denied a third flotation of the Egyptian pound. Badra revealed the details of Egypt obtaining a US$3…
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
Egypt
December 18, 2022
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
The International Monetary Fund’s (IMF) recent approval of Egypt’s comprehensive national economic reform program is a further confirmation of the…
IMF stresses need to maintain flexibility of exchange rate in Egypt
Business
December 9, 2022
IMF stresses need to maintain flexibility of exchange rate in Egypt
Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
IMF loan to not solve economic crisis in Egypt radically: economist
Economy
October 20, 2022
IMF loan to not solve economic crisis in Egypt radically: economist
The IMF loan will not radically solve the economic crisis in Egypt, Hisham Badawy, an economist, stressed, adding that rationalizing…
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Business
October 12, 2022
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Foreign currencies exchange rate against Egyptian pound on Wednesday
Business
August 31, 2022
Foreign currencies exchange rate against Egyptian pound on Wednesday
Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…
Monday’s US dollar to Egyptian pound exchange rates
Main Slider
August 29, 2022
Monday’s US dollar to Egyptian pound exchange rates
The US dollar exchange rate maintained stable rates in Egyptian banks on Monday. The US dollar against the Egyptian pound…
Senior economist expects IMF loan to Egypt to be approved soon
Business
August 26, 2022
Senior economist expects IMF loan to Egypt to be approved soon
Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
Egypt, IMF imminent to agree on new loan
Business
July 28, 2022
Egypt, IMF imminent to agree on new loan
An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government…
Russian Central Bank cuts interest rates from 14% to 11%, citing lower inflation
World
May 26, 2022
Russian Central Bank cuts interest rates from 14% to 11%, citing lower inflation
Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues — takes…