IMF

Egypt to slash fuel subsidies as it nears end of IMF program
Egypt

Egypt to slash fuel subsidies as it nears end of IMF program

CAIRO (Reuters) – Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund…
IMF praises Egypt’s economic reform program, says all targets achieved
Business

IMF praises Egypt’s economic reform program, says all targets achieved

The International Monetary Fund (IMF) on Saturday praised Egypt’s remarkable macroeconomic improvement since the start of the economic reform program…
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
Business

Egypt has undergone “difficult surgery” for economic reform: Finance Minister

The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Ghost workers sap Tunisia’s phosphate wealth
Middle East

Ghost workers sap Tunisia’s phosphate wealth

METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Business

Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund

Prime Minister Mostafa Madbouly on Thursday issued the basic regulation of Egypt’s Sovereign Wealth Fund (SWF), which the government founded…
Electricity prices to increase to cover subsidy shortage: Min.
Economy

Electricity prices to increase to cover subsidy shortage: Min.

The government has to support the domestic consumption of electricity with subsidies up to LE 46.7 billion; however, the amount…
Egypt is experienced in governance, combating corruption and more: Finance Minister
Egypt

Egypt is experienced in governance, combating corruption and more: Finance Minister

Egypt is richly experienced in governance, the automation of government financial payments, combating corruption, increasing transparency of the public finance…
US team in Beijing for trade talks after IMF ‘storm’ warning
World

US team in Beijing for trade talks after IMF ‘storm’ warning

US negotiators met with their Chinese counterparts in Beijing Monday for a new round of high-stakes trade talks, hoping to…
IMF’s Lagarde praises Egypt’s reforms against administrative corruption
Economy

IMF’s Lagarde praises Egypt’s reforms against administrative corruption

Christine Lagarde, managing director of the International Monetary Fund (IMF) praised Egypt’s intense efforts in fighting administrative corruption, during a…
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