International Monetary Fund (IMF)
Egypt sees growth for FY 2018-19 at 5.8 percent -minister
Economy
January 30, 2018
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…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
10 suggestions for the upcoming president of Egypt
Opinion
January 17, 2018
10 suggestions for the upcoming president of Egypt
Sometimes I am a dreamer. I reject reality because life is bigger than it, and I think we live a…
Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry
Egypt
January 15, 2018
Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry
Prime Minister Sherif Ismail’s latest cabinet changes took a step towards female empowerment, with two of the four newly-appointed ministers…
Egypt’s central bank keeps interest rates unchanged
Economy
January 2, 2018
Egypt’s central bank keeps interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East
December 28, 2017
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister
Egypt
December 24, 2017
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister
Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Business
November 14, 2017
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Tarek Amer, Governor of the Central Bank of Egypt (CBE), stated on Monday that the country is taking active measures…
S&P lifts Egypt’s sovereign rating outlook to ‘positive’
Business
November 11, 2017
S&P lifts Egypt’s sovereign rating outlook to ‘positive’
International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign rating outlook to ‘positive’ from ‘stable’. S&P affirmed Egypt’s…
Eligibility for food subsidy cards tightened
Egypt
August 9, 2017
Eligibility for food subsidy cards tightened
Egypt on Tuesday tightened rules for obtaining food subsidy cards, capping the number of new claimants per family and setting…