International Monetary Fund (IMF)

New government formation to include around 9 ministers: Sources
Egypt

New government formation to include around 9 ministers: Sources

  Official sources stated on Sunday that the new Prime Minister Mostafa Madbouly has secretly chosen the new government’s ministers.…
Egypt’s foreign currency reserve increased by $106 million in May
Economy

Egypt’s foreign currency reserve increased by $106 million in May

  The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Tunisians vote in first free municipal elections
Middle East

Tunisians vote in first free municipal elections

Tunisians voted on Sunday in their first free municipal elections, another step in a democratic transition that has become marred…
IMF says Egypt must deepen reforms to catch window of global growth
Business

IMF says Egypt must deepen reforms to catch window of global growth

Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
IMF seeks to crack down on corruption, World Bank boosts lending capacity
World

IMF seeks to crack down on corruption, World Bank boosts lending capacity

The IMF is calling on wealthier countries to limit potential safe havens for dirty money. Meanwhile, the World Bank has…
Egypt committed to economic reform and would increase taxes: MInister
Business

Egypt committed to economic reform and would increase taxes: MInister

Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Economy

Egypt to receive $2 bn from IMF after 3rd review in May: minister

Egypt’s Finance Minister Amr al-Garhy said on Wednesday that the review of the International Monetary Fund’s (IMF) third installment to…
Govt aims to sell fuel at its cost price: official
Egypt

Govt aims to sell fuel at its cost price: official

Spokesman for the Petroleum Ministry Hamdy Abdel Aziz said that the government aims to increase domestic production of petroleum products…
Egypt selling bonds worth 2 billion euros
Business

Egypt selling bonds worth 2 billion euros

Egypt is selling international bonds valued at 2 billion euros through two tranches, with maturities of eight and 12 years…
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