International Monetary Fund (IMF)
New government formation to include around 9 ministers: Sources
Egypt
June 10, 2018
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
June 5, 2018
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
May 6, 2018
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
May 6, 2018
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
April 23, 2018
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
April 20, 2018
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
April 19, 2018
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
April 19, 2018
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
April 18, 2018
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
April 11, 2018
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…