International Monetary Fund (IMF)

Egypt eager to increase funding on health and education sectors: Minister
Business

Egypt eager to increase funding on health and education sectors: Minister

Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to…
Tourism in Egypt is the biggest loser of COVID-19: IMF official
Travel

Tourism in Egypt is the biggest loser of COVID-19: IMF official

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Saturday that the tourism sector in Egypt…
Egypt expects US$1.6 billion IMF loan by the end of December: Minister
Business

Egypt expects US$1.6 billion IMF loan by the end of December: Minister

Egypt’s Finance Minister Mohamed Maait announced Monday that a US$1.6 billion tranche from the International Monetary Fund (IMF) is anticipated…
Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official
Business

Tax revenues represent over 80 percent of Egypt’s state budget in Egypt: Official

The Egyptian Tax Authority’s (ETA) revenues represent more than 80 percent of the state’s general budget, said an official within…
Sisi holds two meetings, discussing IMF’s economic evaluation and clean energy vehicles
Business

Sisi holds two meetings, discussing IMF’s economic evaluation and clean energy vehicles

Egyptian President Abdel Fattah al-Sisi held two meetings on Saturday, one to discuss an agreement with the International Monetary fund…
Egypt tops emerging markets in containing inflation: Report
Business

Egypt tops emerging markets in containing inflation: Report

The Egyptian Cabinet media center announced Saturday that Egypt has topped all other emerging markets in containing inflation. According to…
Egypt’s headline inflation quickens to 4.5% in October
Business

Egypt’s headline inflation quickens to 4.5% in October

Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…
Egypt’s Mahmoud Mohieldin elected as IMF’s Executive Director
Business

Egypt’s Mahmoud Mohieldin elected as IMF’s Executive Director

The Egyptian candidate Mahmoud Mohieldin was elected unanimously on Monday to serve as the International Monetary Fund’s (IMF) executive director,…
IMF: Nearly all Mideast economies hit by pandemic recession
Middle East

IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an…
Egypt’s economic performance amid coronavirus surpasses all expectations: Minister
Economy

Egypt’s economic performance amid coronavirus surpasses all expectations: Minister

Egyptian Finance Minister Mohamed Maait announced Saturday, that the Egyptian economy’s financial performance amid the coronavirus pandemic has exceeded all…
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