economic reforms
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Business
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
The Central Bank report that fell on deaf ears
Opinion
September 26, 2024
The Central Bank report that fell on deaf ears
If the external debt were to increase by a dollar, a fierce storm would erupt against the government, and analyses,comments, and negative, discouraging expectations…
US dollar exchange rate against the Egyptian pound on Friday
Business
July 5, 2024
US dollar exchange rate against the Egyptian pound on Friday
The exchange rate of the US dollar against the Egyptian pound stabilized on Friday after the last decline recorded on…
Social protection budget increased to EGP 635.9 bn in FY 2024/25: Finance Minister
Egypt
April 12, 2024
Social protection budget increased to EGP 635.9 bn in FY 2024/25: Finance Minister
Finance Minister Mohamed Maait announced that the budge allotted to the social protection programs increased to EGP 635.9 billion in…
Egypt obtains IMF loan worth $3 bln
Economy
October 27, 2022
Egypt obtains IMF loan worth $3 bln
The head of the International Monetary Fund (IMF) mission to Egypt announced in a press conference, on Thursday, held with…
Govt firmly committed to guaranteeing enlightened future for Egyptians, says minister
World
June 3, 2022
Govt firmly committed to guaranteeing enlightened future for Egyptians, says minister
Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group (IsDB) Hala el Said has…
Egypt’s GAFI to grant foreign investors 5-year residency visas
Business
October 2, 2020
Egypt’s GAFI to grant foreign investors 5-year residency visas
The Board of Directors for Egypt’s General Authority for Investment and Free Zones (GAFI) approved on Thursday new regulations aimed…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East
February 3, 2020
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Sudan to tackle fuel subsidies as economy hangs on the edge
Middle East
January 29, 2020
Sudan to tackle fuel subsidies as economy hangs on the edge
KHARTOUM, Sudan (AP) — Sudan hopes to cut fuel subsidies over the course of 18 months, starting as early as…
Egypt’s 5.7 percent economic growth rate ranks best in MENA: cabinet
Economy
October 14, 2019
Egypt’s 5.7 percent economic growth rate ranks best in MENA: cabinet
Egypt’s cabinet published an infographic report on the country’s increasing economic growth, now at 5.7 percent. This rate ranks best…