IMF
Egypt’s economy growth rate to reach 4.8% in FY2017/18: IMF
Economy
January 24, 2018
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
January 16, 2018
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
January 2, 2018
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
January 2, 2018
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
December 27, 2017
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
December 27, 2017
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
December 21, 2017
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
December 15, 2017
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
December 11, 2017
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
December 3, 2017
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…