International Monetary Fund (IMF)
Egypt in talks to obtain $2 bln in financing from China
Egypt
September 19, 2016
Egypt in talks to obtain $2 bln in financing from China
Egypt is in talks with China to obtain $2 billion in financing, Deputy Finance Minister Ahmed Kojak said, without giving…
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
Business
September 16, 2016
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
The International Monetary Fund said on Thursday it has held "very productive discussions" with authorities in China and Saudi Arabia…
Egypt’s annual inflation hits 15.5 percent in August
Business
September 8, 2016
Egypt’s annual inflation hits 15.5 percent in August
Egypt's state statistics bureau says the annual inflation rate in urban areas reached 15.5 percent in August, a surge of…
New billboards across Egypt’s capital extol austerity
Egypt
September 3, 2016
New billboards across Egypt’s capital extol austerity
Billboards and street signs have gone up across Egypt's capital extolling austerity and hope, part of a pro-government public relations…
In Egypt, IMF deal brings austerity few can afford
Economy
August 20, 2016
In Egypt, IMF deal brings austerity few can afford
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of…
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt
August 19, 2016
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt signed a deal earlier this year for a $2 billion central bank deposit from Saudi Arabia, International Cooperation Minister…
Egypt’s dollar black market resilient despite new threat of jail terms
Business
August 17, 2016
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
August 17, 2016
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
August 14, 2016
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
August 13, 2016
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…