International Monetary Fund (IMF)
Egypt PM expects IMF deal to be signed within two months
Business
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Egypt, Israel preparing for economic projects: Israeli paper
Egypt
October 19, 2016
Egypt, Israel preparing for economic projects: Israeli paper
The Israeli newspaper Yedioth Ahronoth said on Tuesday that Israel is preparing for a series of projects on a large…
Saudi has little room to slow austerity drive, IMF says
Business
October 19, 2016
Saudi has little room to slow austerity drive, IMF says
The International Monetary Fund feels the pace of Saudi Arabia's austerity drive is broadly appropriate and there is little room…
Egypt to gather additional $6 bln required for IMF deal
Business
October 18, 2016
Egypt to gather additional $6 bln required for IMF deal
Egyptian Finance Minister Amr El Garhy said on Monday his country would gather an additional $6 billion in bilateral funding…
Muslim Brotherhood members detained for planning protests on Nov. 11
Egypt
October 17, 2016
Muslim Brotherhood members detained for planning protests on Nov. 11
Prosecutors have ordered the detention of seven suspects pending investigation on charges of inciting protests on November 11.The order was…
Egypt’s stock market gains on $2 bln Saudi deposit
Business
October 13, 2016
Egypt’s stock market gains on $2 bln Saudi deposit
Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
Govt mulls $10 bn import restrictions to correct balance of payments
Business
October 11, 2016
Govt mulls $10 bn import restrictions to correct balance of payments
A government source close to negotiations between Egypt and the International Monetary Fund (IMF) said on Monday that the government…
IMF chief foresees ‘prompt’ start of Egypt lending
Business
October 9, 2016
IMF chief foresees ‘prompt’ start of Egypt lending
Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
IMF official sees first payout to Egypt at around $2.5 billion
Egypt
October 8, 2016
IMF official sees first payout to Egypt at around $2.5 billion
The International Monetary Fund's initial loan payment to Egypt will be about $2.5 billion, a senior IMF official said on…
Floating the pound: currency fix or economic disaster?
Business
October 5, 2016
Floating the pound: currency fix or economic disaster?
The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…