International Monetary Fund (IMF)

Egypt’s dollar black market resilient despite new threat of jail terms
Business

Egypt’s dollar black market resilient despite new threat of jail terms

Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Egypt seeking $5 bn aid from Arab countries, international institutions
Business

Egypt seeking $5 bn aid from Arab countries, international institutions

The Egyptian government has opened channels of communication with a number of Arab countries and international institutions to provide up…
Combating deficit, Finance Ministry proposes raise on gov’t service prices
Business

Combating deficit, Finance Ministry proposes raise on gov’t service prices

Egypt is mulling raising the prices of some 14 government services to generate additional revenue for the state budget, a…
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egypt

After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms

Egyptian President Abdel Fattah al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
Egypt’s cabinet approves draft tax settlement bill amid IMF talks
Business

Egypt’s cabinet approves draft tax settlement bill amid IMF talks

Egypt's government approved a draft bill that would settle tax disputes, the cabinet said in a statement on Wednesday, a…
Egypt announces sharp rises in electricity prices as it aims to phase out subsidies
Business

Egypt announces sharp rises in electricity prices as it aims to phase out subsidies

Egypt will increase electricity prices by up to 40 percent for households as part of its plan to repair its…
Negotiations for $12 bn IMF loan going smoothly: finance minister
Business

Negotiations for $12 bn IMF loan going smoothly: finance minister

Finance Minister Amr al-Garhy has announced that talks with an International Monetary Fund delegation, which is currently visiting Cairo, have…
Egypt to sell 20-30% stakes in state firms slated for IPO
Business

Egypt to sell 20-30% stakes in state firms slated for IPO

Egypt will sell stakes of between 20 and 30 percent in state companies that it decides to float on the…
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
Business

State-owned oil, banking and electricity firms to be privatized: Investment Ministry

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…
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