economic reform

Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Business

Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal

Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…
Egyptian parliament approves value-added tax at 13 percent
Business

Egyptian parliament approves value-added tax at 13 percent

Egypt's parliament approved on Monday a long-awaited law introducing a value-added tax of 13 percent, rising to 14 percent in…
Save the middle class
Opinion

Save the middle class

After zuhr prayers on Friday, I went to buy my weekly needs from the grocery store, and I stopped at…
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egypt

After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms

Egyptian President Abdel Fattah al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the…
Saudi’s deputy crown prince to visit US for talks: sources
Middle East

Saudi’s deputy crown prince to visit US for talks: sources

Saudi Arabia's powerful deputy crown prince is expected to visit Washington in mid-June for talks with top US officials, possibly…
Egypt’s Sisi delivers economic reforms but hurdles remain
Egypt

Egypt’s Sisi delivers economic reforms but hurdles remain

In his first 100 days in office, Egyptian President Abdel Fattah al-Sisi has made a fast start on economic reform:…
IMF praises economic reform measures in Egypt
Egypt

IMF praises economic reform measures in Egypt

Masood Ahmed, director of the International Monetary Fund's Middle East and Central Asia Department, said “Egypt has applied hard and…
Minister: Economic reform will yield positive results
Business

Minister: Economic reform will yield positive results

Finance Minister Hani Qadry said on Wednesday that the recent fiscal reforms will yield positive results in raising expectations about…
Sources: Egypt turns to Western advisers, signaling possible reforms
Egypt

Sources: Egypt turns to Western advisers, signaling possible reforms

Western advisers are drawing up plans for reshaping the Egyptian economy, sources said, with the apparent blessing of president-elect Abdel…
Egypt announces fuel price hikes
Business

Egypt announces fuel price hikes

  Egypt's government announced new fuel prices for many sectors of the economy on Tuesday, which industry sources said were…
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