International Monetary Fund (IMF)

Saudi Arabia deposits $250 million in Sudan central bank
Middle East

Saudi Arabia deposits $250 million in Sudan central bank

DUBAI (Reuters) – Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position,…
Egypt’s GDP growth seen slowing to 5.5% in current fiscal year: Reuters poll
Egypt

Egypt’s GDP growth seen slowing to 5.5% in current fiscal year: Reuters poll

CAIRO (Reuters) – Egypt’s economic growth is expected to slow to 5.5% in the fiscal year that began this month,…
CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent
Economy

CAMPAS: Foreigners working at Egypt’s private sector rise by 9.7 percent

The Central Agency for Public Mobilization and Statistics (CAMPAS) released their annual statistics showing that the number of foreigners working…
Egyptian-American economist nominated to be IMF’s next managing director
Egypt

Egyptian-American economist nominated to be IMF’s next managing director

Former Deputy Director of the International Monetary Fund (IMF), Egyptian-American economist Mohamed al-Erian has been nominated to succeed Christine Lagarde…
News IMF approves $6 bn loan for Pakistan
World

News IMF approves $6 bn loan for Pakistan

The International Monetary Fund on Wednesday approved a $6 billion, three-year loan for Pakistan to help right the South Asian…
US Dollar exchange rate in Egypt declines further
Business

US Dollar exchange rate in Egypt declines further

US dollar prices slightly declined against the Egyptian pound in several banks on Sunday. The US currency saw an average…
Last loan!
Opinion

Last loan!

The fact that we won’t ask for a new loan from the International Monetary Fund (IMF), with the final tranche…
Egypt’s economy seen growing 5.5 pct in year to end of June
Business

Egypt’s economy seen growing 5.5 pct in year to end of June

CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
Argentina: Thousands launch anti-austerity strike
World

Argentina: Thousands launch anti-austerity strike

Tens of thousands of Argentines protested against President Mauricio Macri’s austerity drive on Tuesday after labor unions began a 24-hour partial…
Egypt’s govt postpones abolishing electricity subsidies to 2022
Egypt

Egypt’s govt postpones abolishing electricity subsidies to 2022

  Electricity Minister Mohammed Shaker announced Sunday that the lifting of electricity subsidies has been postponed from the 2018-2019 fiscal…
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