International Monetary Fund (IMF)

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister
Egypt

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Business

Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor

Tarek Amer, Governor of the Central Bank of Egypt (CBE), stated on Monday that the country is taking active measures…
S&P lifts Egypt’s sovereign rating outlook to ‘positive’
Business

S&P lifts Egypt’s sovereign rating outlook to ‘positive’

International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign rating outlook to ‘positive’ from ‘stable’. S&P affirmed Egypt’s…
Eligibility for food subsidy cards tightened
Egypt

Eligibility for food subsidy cards tightened

Egypt on Tuesday tightened rules for obtaining food subsidy cards, capping the number of new claimants per family and setting…
Coming to you from Kerdasa: Egypt’s first mini-car
Features/Interviews

Coming to you from Kerdasa: Egypt’s first mini-car

In Egypt, where many suffer under economic hardship, 35-year-old entrepreneur Ahmed Saeed al-Feki has been working hard to make something…
Egypt to receive World Bank loan third tranche in December: official
Business

Egypt to receive World Bank loan third tranche in December: official

Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
Business

IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent

Egypt's economy will grow by 3.5 percent during the 2016-17 financial year, the International Monetary Fund said on Tuesday, lowering…
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
Egypt

Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected

The value of the Egyptian pound rose faster than expected, though optimism prevails among Egyptian businessmen societies recently, thanks to…
Egypt on track to receive 2nd tranche of IMF loan
Egypt

Egypt on track to receive 2nd tranche of IMF loan

Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
Business

Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent,…
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