Egypt economic reform program
Arkan development in West Cairo sees ‘unprecedented’ demand for retail space: Savills Egypt
Egypt
December 19, 2019
Arkan development in West Cairo sees ‘unprecedented’ demand for retail space: Savills Egypt
Arkan, a development located in West Cairo, has witnessed unprecedented demand for retail space since leading global real estate consultancy…
Sisi highlights Egyptian women’s role in fight against terrorism, economic reform
Egypt
December 13, 2019
Sisi highlights Egyptian women’s role in fight against terrorism, economic reform
President Abdel Fattah al-Sisi on Thursday praised Egyptian women for their role in the fight against violent extremism and their…
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
Business
August 8, 2019
Egypt’s inflation rate sees 1.5% increase in July: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday that the country’s inflation rate increased by 1.5 percent…
Minister: Egypt consulting with IMF over future cooperation
Business
June 29, 2019
Minister: Egypt consulting with IMF over future cooperation
Egypt’s Finance Minister Mohamed Maait announced Friday that there are consultations between Egypt and the International Monetary Fund (IMF) regarding…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
Business
May 17, 2019
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
Egypt’s Cabinet denies economic crisis caused by IMF conditions
Economy
April 16, 2019
Egypt’s Cabinet denies economic crisis caused by IMF conditions
The Egyptian Cabinet’s media center denied rumors on social media that Egypt is undergoing a severe economic crisis thanks to…
IMF to discuss 5th installment of Egypt’s loan in December
Business
November 28, 2018
IMF to discuss 5th installment of Egypt’s loan in December
The Executive Board of the International Monetary Fund (IMF) will meet in late December, to discuss disbursing the fifth…
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
Business
August 7, 2018
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
Fitch Ratings, a globally-recognized credit rating agency, has reaffirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, while maintaining…
Egypt govt prepares for second phase of reform program to boost ailing economy
Economy
February 6, 2018
Egypt govt prepares for second phase of reform program to boost ailing economy
Egypt Prime Minister Sherif Ismail said on Monday that he met the Governor of the Central Bank of Egypt Tariq…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business
August 1, 2017
Private sector still faces “risks” after EGP devaluation: Financial Times
Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…