IMF loan
Egypt PM expects IMF deal to be signed within two months
Business
October 25, 2016
Egypt PM expects IMF deal to be signed within two months
Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
Egypt
October 19, 2016
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
The Cabinet is planning more cuts to fuel subsidies soon, in accordance to an agreement with the International Monetary Fund…
IMF chief foresees ‘prompt’ start of Egypt lending
Business
October 9, 2016
IMF chief foresees ‘prompt’ start of Egypt lending
Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
IMF official sees first payout to Egypt at around $2.5 billion
Egypt
October 8, 2016
IMF official sees first payout to Egypt at around $2.5 billion
The International Monetary Fund's initial loan payment to Egypt will be about $2.5 billion, a senior IMF official said on…
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Business
September 8, 2016
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…
Egypt plans to end fuel subsidies within three years
Business
August 23, 2016
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egypt
August 13, 2016
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egyptian President Abdel Fattah al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the…
Sisi warns tough measures to fix economy are looming
Egypt
August 1, 2016
Sisi warns tough measures to fix economy are looming
President Abdel Fattah al-Sisi warned Egyptians on Monday that tough measures would be needed to turn the country's ailing economy…
IMF request fully floating Egyptian pound: senior gov’t official
Business
August 1, 2016
IMF request fully floating Egyptian pound: senior gov’t official
A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt
July 28, 2016
IMF keen to support Egyptian economy with loan, boosting jobs: PM
The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…