IMF loan
Egypt says formally requests US$4.8 bn IMF loan
Business
August 22, 2012
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
August 21, 2012
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
August 5, 2012
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
August 3, 2012
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
July 16, 2012
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
July 16, 2012
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
July 13, 2012
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
July 2, 2012
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
June 26, 2012
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
June 20, 2012
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…