IMF loan

Egypt says formally requests US$4.8 bn IMF loan
Business

Egypt says formally requests US$4.8 bn IMF loan

Egypt has formally requested a US$4.8 billion loan from the International Monetary Fund, a spokesman for its president said on…
Central bank official: Foreign reserves may hit US$21.2 bn
Business

Central bank official: Foreign reserves may hit US$21.2 bn

  An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
Finance minister: Negotiations with IMF resumed for $3.2 billion loan
Egypt

Finance minister: Negotiations with IMF resumed for $3.2 billion loan

The government is in contact with the International Money Fund to resume negotiations on a US$3.2 billion loan to Egypt,…
Qandil’s economic appointments maintain status quo in weakened govt
Business

Qandil’s economic appointments maintain status quo in weakened govt

As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country. One person died…
Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery
Business

Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery

Minister of Planning and International Cooperation Fayza Abouelnaga said on Monday that "the dissolved Parliament’s attitude was behind the failure…
Living on borrowed time: Morsy’s political economics
Business

Living on borrowed time: Morsy’s political economics

President Mohamed Morsy is seeking to use public spending to build a base of support in diverse sectors of society,…
Feud between Brothers and military threatens fragile economy
Business

Feud between Brothers and military threatens fragile economy

Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
New government to approach IMF soon, finance aide says
Business

New government to approach IMF soon, finance aide says

Egypt will approach the International Monetary Fund and other financial institutions to help get its economy back on track once…
IMF says stands ready to support Egypt
Egypt

IMF says stands ready to support Egypt

The International Monetary Fund said on Tuesday it stands ready to support Egypt in dealing with its "significant immediate economic…
Economists warn of setback due to uncertain political situation
Business

Economists warn of setback due to uncertain political situation

Some economists have expressed fears of an approaching setback to the nation’s economy because of the lack of vision for…
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