economic reform
Egypt to receive next IMF loan disbursal in December – minister
Egypt
November 23, 2017
Egypt to receive next IMF loan disbursal in December – minister
Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El Garhy said…
Coming to you from Kerdasa: Egypt’s first mini-car
Features/Interviews
August 8, 2017
Coming to you from Kerdasa: Egypt’s first mini-car
In Egypt, where many suffer under economic hardship, 35-year-old entrepreneur Ahmed Saeed al-Feki has been working hard to make something…
Over 6,000 Mahalla workers strike over delayed bonuses
Egypt
August 8, 2017
Over 6,000 Mahalla workers strike over delayed bonuses
Over 6,000 workers of the Egyptian Spinning and Weaving Company in Mahallah city, Gharbiya, began an open-ended strike on Monday…
Uber fares in Egypt increase following fuel price hike
Technology
July 19, 2017
Uber fares in Egypt increase following fuel price hike
The San Francisco-based ride-hailing company Uber increased their base fare prices in Egypt to start at LE6, with the aim of…
Egypt receives second IMF loan installment Tuesday
Business
July 18, 2017
Egypt receives second IMF loan installment Tuesday
Egypt received the second installment of the its International Monetary Fund (IMF) loan on Tuesday, the equivalent of $1.25 billion, said…
Ride-hailing app Careem raises base fare to LE5.5
Technology
July 17, 2017
Ride-hailing app Careem raises base fare to LE5.5
Following the fuel subsidy cuts, ride-hailing service app Careem has increased their base fares on to start at LE5.5 —…
Egypt to receive third IMF loan of $2 billion between December and January
Economy
July 17, 2017
Egypt to receive third IMF loan of $2 billion between December and January
Egypt expects to receive a third loan installment worth $2 billion from the International Monetary Fund (IMF) between December and…
CBE’s interest rate hike last of reform procedures, source
Egypt
July 8, 2017
CBE’s interest rate hike last of reform procedures, source
A high-level government source said Friday that the decision of the Monetary Policy Committee of the Central Bank of Egypt…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Egypt says IMF praises reform program after delegation visit
Egypt
May 14, 2017
Egypt says IMF praises reform program after delegation visit
The International Monetary Fund’s mission concluded its visit to Cairo on Sunday during which the Fund conducted the first review…