Momtaz al-Saeed

October 15, 2012

Finance minister: Egypt close to US$1 bn loan from World Bank

Egypt had agreed with the World Bank on the terms for obtaining a US$1 billion loan to finance projects that…

October 9, 2012

October 9, 2012

Prime Minister Hesham Qandil said on Tuesday that Egypt would invite the International Monetary Fund to visit for talks about…

October 3, 2012

Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…

October 1, 2012

The International Monetary Fund has delayed sending a team to Cairo to negotiate a US$4.8 billion loan while the Egyptian…

September 17, 2012

Prime Minister Hesham Qandil met with 20 potential investors on Monday to discuss opportunities in the Egyptian market. Coming from…

September 12, 2012

Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…

August 23, 2012

The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…

August 21, 2012

Christine Lagarde, managing director of the International Monetary Fund, arrived in Cairo Tuesday for a two-day visit to hold talks…

August 13, 2012

Qatar should deposit US$500 million in Egypt’s central bank within a week, the Egyptian finance minister said, as the country…