International Monetary Fund (IMF)

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections
Business

Egypt targets 5.9% growth rate for 2019, exceeding IMF, World Bank projections

Egypt’s Minister of Planning Hala al-Saeed said that the government aims to reach growth rate of 5.9% in 2019. Saeed…
Egypt to receive $2 bn from IMF after 3rd review in May: minister
Economy

Egypt to receive $2 bn from IMF after 3rd review in May: minister

Egypt’s Finance Minister Amr al-Garhy said on Wednesday that the review of the International Monetary Fund’s (IMF) third installment to…
Govt aims to sell fuel at its cost price: official
Egypt

Govt aims to sell fuel at its cost price: official

Spokesman for the Petroleum Ministry Hamdy Abdel Aziz said that the government aims to increase domestic production of petroleum products…
Egypt selling bonds worth 2 billion euros
Business

Egypt selling bonds worth 2 billion euros

Egypt is selling international bonds valued at 2 billion euros through two tranches, with maturities of eight and 12 years…
US dollar exchange rates on Wednesday
Business

US dollar exchange rates on Wednesday

The US dollar maintained different exchange rates in all banks on Wednesday, but remained above LE17.60 in dealings. The lowest…
Lebanon wins pledges exceeding $10 billion in Paris: finance minister
Middle East

Lebanon wins pledges exceeding $10 billion in Paris: finance minister

Lebanon won pledges of grants and loans exceeding $10 billion on Friday at a Paris conference aimed at rallying international…
Egypt govt prepares for second phase of reform program to boost ailing economy
Economy

Egypt govt prepares for second phase of reform program to boost ailing economy

Egypt Prime Minister Sherif Ismail said on Monday that he met the Governor of the Central Bank of Egypt Tariq…
Egypt’s economic structure is at a turning point: IMF director
Economy

Egypt’s economic structure is at a turning point: IMF director

Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Sunday that Egypt is currently undergoing a turning…
IMF official expects Egypt growth rate around 5% in 2018
Business

IMF official expects Egypt growth rate around 5% in 2018

Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expects Egypt’s economic…
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Economy

Egypt sees growth for FY 2018-19 at 5.8 percent -minister

Egypt is targeting economic growth of 5.8 percent in the financial year that will begin in July, Planning Minister Hala…
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