IMF

Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF
Economy

Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF

The growth rate of Egypt’s economy increased from 3.5 percent in the fiscal year 2015-2016 to 4.2 percent in fiscal year…
Jordan unveils major IMF-guided tax hikes to reduce public debt
Middle East

Jordan unveils major IMF-guided tax hikes to reduce public debt

Jordan’s cabinet announced on Monday a major package of IMF-guided tax hikes it says are crucial to gradually lower record…
Egypt to keep customs exchange rate at 16 pounds in January
Egypt

Egypt to keep customs exchange rate at 16 pounds in January

Egypt will keep its customs exchange rate steady at 16 pounds per dollar for January, the finance ministry said on…
Saudi Arabia, UAE introduce VAT in push to boost revenue
Middle East

Saudi Arabia, UAE introduce VAT in push to boost revenue

Saudi Arabia and the United Arab Emirates welcomed the new year on Monday with a series of measures aimed at…
Egypt’s exchange remains top Arab performer in 2017
Economy

Egypt’s exchange remains top Arab performer in 2017

The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms…
Foreign tourist numbers up 23 percent in Tunisia in 2017
Middle East

Foreign tourist numbers up 23 percent in Tunisia in 2017

The number of foreign tourists in Tunisia rose by 23 percent in 2017 compared with the previous year, official data…
Positive IMF review paves way for $2 bn transfer to Egypt
Egypt

Positive IMF review paves way for $2 bn transfer to Egypt

The latest review by the International Monetary Fund has found that Egypt’s economic reforms are on track, paving the way…
Middle-class Egypt adapts to survive as austerity bites
Egypt

Middle-class Egypt adapts to survive as austerity bites

Swapping new cars for cheaper models, cutting back on pricy supermarket shopping and giving up holidays abroad, middle-class Egyptians are…
Egypt’s finance minister says expects Jan inflation at 20 pct
Economy

Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s inflation rate is expected to drop to 20 percent in January and to 13-14 percent by August, Finance Minister…
Chargé d’Affaires at US Embassy in Cairo speaks to Al-Masry Al-Youm in first press interview
Features/Interviews

Chargé d’Affaires at US Embassy in Cairo speaks to Al-Masry Al-Youm in first press interview

For the first time since taking office, Thomas H. Goldberger, Chargé d’Affaires at the US Embassy in Cairo spoke with…
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