International Monetary Fund (IMF)
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East
December 28, 2017
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister
Egypt
December 24, 2017
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
November 14, 2017
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
November 11, 2017
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
August 9, 2017
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
August 8, 2017
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
May 4, 2017
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
April 19, 2017
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
March 6, 2017
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
January 19, 2017
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…