Egyptian economy

IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt

IMF keen to support Egyptian economy with loan, boosting jobs: PM

The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
IMF mission in Cairo next week for talks on US$12bn bailout
Business

IMF mission in Cairo next week for talks on US$12bn bailout

The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business

Egypt’s central bank says not time to float pound, devaluation depends on timing

Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Egypt’s economy drops to third place in Africa rankings: Bloomberg
Business

Egypt’s economy drops to third place in Africa rankings: Bloomberg

Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two…
Brexit causes pause for thought on Britain-Egypt trade relations
Egypt

Brexit causes pause for thought on Britain-Egypt trade relations

The decision by British voters last Thursday to leave the European Union has dominated discussion in global political, business and…
Egypt raises interest rates by 100 basis points, to highest level in years
Business

Egypt raises interest rates by 100 basis points, to highest level in years

Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…
Egypt’s illicit currency traders defy crackdown, spread business abroad
Business

Egypt’s illicit currency traders defy crackdown, spread business abroad

Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…
Egypt’s CIB and Beltone drop plans for CI Capital sale
Business

Egypt’s CIB and Beltone drop plans for CI Capital sale

Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone Financial after failing…
Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May
Business

Egypt’s annual urban consumer price inflation jumps to 12.3 pct in May

Egypt's annual urban consumer price inflation jumped to 12.3 percent in May from 10.3 percent in April, the official statistics…
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Business

Moody’s bets on foreign investment in Egypt to ease dollar shortage

Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained its stable outlook…
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