International Monetary Fund (IMF)
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business
August 12, 2016
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
August 11, 2016
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
August 9, 2016
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
August 5, 2016
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
August 5, 2016
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
August 2, 2016
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…
Egypt’s external debt to reach $53.4 billion with IMF loan: minister
Business
August 1, 2016
Egypt’s external debt to reach $53.4 billion with IMF loan: minister
Egypt's Finance Minister Amr al-Garhy said in a television interview on Sunday that Egypt's external debt would reach $53.4 billion…
Gov’t meet with IMF over possible US$12 loan, some conditions refused
Egypt
July 31, 2016
Gov’t meet with IMF over possible US$12 loan, some conditions refused
A delegation from the International Monetary Fund (IMF) arrived in Egypt on Saturday for an official visit to discuss a…
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt
July 28, 2016
IMF keen to support Egyptian economy with loan, boosting jobs: PM
The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
IMF mission in Cairo next week for talks on US$12bn bailout
Business
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…