International Monetary Fund
IMF approves $3 billion bailout for cash-starved Pakistan
World
July 14, 2023
IMF approves $3 billion bailout for cash-starved Pakistan
Islamabad Reuters — The International Monetary Fund’s board approved a three billion dollar bailout program for Pakistan which will immediately…
World Bank approves $700 million for crisis-hit Sri Lanka
World
June 29, 2023
World Bank approves $700 million for crisis-hit Sri Lanka
Colombo CNN — The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, in…
US dollar price stabilizes in Egypt on Tuesday
Business
February 14, 2023
US dollar price stabilizes in Egypt on Tuesday
The price of the US dollar stabilized on Tuesday, November 14, in Egypt. The price of the US dollar in…
No third flotation of the Egyptian pound: economist
Business
December 19, 2022
No third flotation of the Egyptian pound: economist
Economist Mostafa Badra denied a third flotation of the Egyptian pound. Badra revealed the details of Egypt obtaining a US$3…
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
Egypt
December 18, 2022
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
The International Monetary Fund’s (IMF) recent approval of Egypt’s comprehensive national economic reform program is a further confirmation of the…
IMF stresses need to maintain flexibility of exchange rate in Egypt
Business
December 9, 2022
IMF stresses need to maintain flexibility of exchange rate in Egypt
Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
IMF loan to not solve economic crisis in Egypt radically: economist
Economy
October 20, 2022
IMF loan to not solve economic crisis in Egypt radically: economist
The IMF loan will not radically solve the economic crisis in Egypt, Hisham Badawy, an economist, stressed, adding that rationalizing…
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Business
October 12, 2022
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Foreign currencies exchange rate against Egyptian pound on Wednesday
Business
August 31, 2022
Foreign currencies exchange rate against Egyptian pound on Wednesday
Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…
Monday’s US dollar to Egyptian pound exchange rates
Main Slider
August 29, 2022
Monday’s US dollar to Egyptian pound exchange rates
The US dollar exchange rate maintained stable rates in Egyptian banks on Monday. The US dollar against the Egyptian pound…