IMF
Stock market recovers as political tension eases, IMF team plans visit for next week
Business
March 14, 2012
Stock market recovers as political tension eases, IMF team plans visit for next week
Egyptian stocks rallied on Wednesday after their biggest losing streak in months created fresh buying opportunities. The stock exchange had…
US says it wants to engage with Egypt’s judiciary over NGOs issue
Egypt
March 10, 2012
US says it wants to engage with Egypt’s judiciary over NGOs issue
The US reiterated that it backs International Monetary Fund efforts to aid Egypt with more than US$3 billion, saying that…
Government to officially sign IMF loan agreement in March
Business
March 9, 2012
Government to officially sign IMF loan agreement in March
The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Egypt’s unemployment rate rises to 12.4%
Business
February 18, 2012
Egypt’s unemployment rate rises to 12.4%
Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Dented economy haunts Egypt a year after revolt
Business
February 10, 2012
Dented economy haunts Egypt a year after revolt
A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…
PM: Donors say they want IMF accord first
Business
February 8, 2012
PM: Donors say they want IMF accord first
International donors have made any financial support they provide to Egypt contingent on Cairo first reaching agreement on a financing…
Foreign reserves fall, add to pressure on pound
Business
February 7, 2012
Foreign reserves fall, add to pressure on pound
The drain on Egypt's foreign reserves showed little sign of abating in January, adding to pressure on the government to…
IMF says too early to discuss action on Egypt loan
Egypt
February 5, 2012
IMF says too early to discuss action on Egypt loan
The International Monetary Fund has said it is still early to discuss any measures concerning Egypt's request for a US$3.2…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business
January 26, 2012
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
Obama set to speed aid to Egypt, official says
Business
January 26, 2012
Obama set to speed aid to Egypt, official says
US President Barack Obama plans to accelerate the pace of American aid to Egypt, a top State Department official said…