IMF

Finance Minister: Islamic bonds law to be presented to Cabinet
Business

Finance Minister: Islamic bonds law to be presented to Cabinet

The controversial Islamic bonds (sukuk) draft law is expected to be presented to a Cabinet meeting Wednesday after the body's…
Moody’s cuts Egypt, cites unrest and IMF doubt
Business

Moody’s cuts Egypt, cites unrest and IMF doubt

Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support…
Minister: consultations with IMF continue
Business

Minister: consultations with IMF continue

Egypt's consultations with the International Monetary Fund is on-going at all levels, said Finance Minister Morsy Hegazy said on Thursday,…
IMF to review Egyptian budget before resuming loan talks
Egypt

IMF to review Egyptian budget before resuming loan talks

The IMF's director for the Middle East and North Africa, Masood Ahmed, said Saturday that the fund is reviewing Egypt's…
Egypt requests delay of IMF loan approval
Egypt

Egypt requests delay of IMF loan approval

Prime Minister Hesham Qandil confirmed that Egypt has requested from the International Monetary Fund a one-month delay in approval of…
IMF: Egypt must keep steady course for loan review
Business

IMF: Egypt must keep steady course for loan review

The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
IMF spokesperson: Loan contingent on implementation of policies
Business

IMF spokesperson: Loan contingent on implementation of policies

The IMF loan agreement Egypt reached last week with the fund’s delegation has not been directly affected by President Mohamed…
Jordan protest numbers dwindle, but discontent persists over subsidy cuts
World

Jordan protest numbers dwindle, but discontent persists over subsidy cuts

AMMAN –– A demonstration in the Jordanian capital was a wash on Friday, as rain soaked the city a week…
Cabinet to remove subsidies for octane 95 gas
Business

Cabinet to remove subsidies for octane 95 gas

  The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.
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