International Monetary Fund (IMF)
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt
November 12, 2016
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling…
Egypt to submit letter of intent to IMF within three days -fin min quoted
Business
November 7, 2016
Egypt to submit letter of intent to IMF within three days -fin min quoted
Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
From float to subsidy cuts, Egypt says no time to delay reforms
Egypt
November 5, 2016
From float to subsidy cuts, Egypt says no time to delay reforms
A day after dramatically ditching its currency peg and hiking fuel prices, Egypt's government scrambled to assure people angered by…
Egypt reaches $2.7 bn currency swap deal with China
Business
October 31, 2016
Egypt reaches $2.7 bn currency swap deal with China
Egypt has reached a currency swap agreement with China valued at $2.7 billion, according to a Central Bank of Egypt…
FEDCOC calls for halt to importation of non-essential goods
Business
October 30, 2016
FEDCOC calls for halt to importation of non-essential goods
The Federation of Egyptian Chambers of Commerce (FEDCOC) has called for a rationalization of imports over the next three months,…
Foreign Ministry has cut spending by 10% in past year: spokesperson
Egypt
October 25, 2016
Foreign Ministry has cut spending by 10% in past year: spokesperson
The Foreign Ministry has cut 10 percent from its expenditure in the past year as part of a Cabinet-led plan…
Egypt PM expects IMF deal to be signed within two months
Business
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Egypt, Israel preparing for economic projects: Israeli paper
Egypt
October 19, 2016
Egypt, Israel preparing for economic projects: Israeli paper
The Israeli newspaper Yedioth Ahronoth said on Tuesday that Israel is preparing for a series of projects on a large…
Saudi has little room to slow austerity drive, IMF says
Business
October 19, 2016
Saudi has little room to slow austerity drive, IMF says
The International Monetary Fund feels the pace of Saudi Arabia's austerity drive is broadly appropriate and there is little room…
Egypt to gather additional $6 bln required for IMF deal
Business
October 18, 2016
Egypt to gather additional $6 bln required for IMF deal
Egyptian Finance Minister Amr El Garhy said on Monday his country would gather an additional $6 billion in bilateral funding…