International Monetary Fund (IMF)

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…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business

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

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

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

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

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

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

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

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

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…
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