International Monetary Fund (IMF)
Muslim Brotherhood members detained for planning protests on Nov. 11
Egypt
October 17, 2016
Muslim Brotherhood members detained for planning protests on Nov. 11
Prosecutors have ordered the detention of seven suspects pending investigation on charges of inciting protests on November 11.The order was…
Egypt’s stock market gains on $2 bln Saudi deposit
Business
October 13, 2016
Egypt’s stock market gains on $2 bln Saudi deposit
Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
Govt mulls $10 bn import restrictions to correct balance of payments
Business
October 11, 2016
Govt mulls $10 bn import restrictions to correct balance of payments
A government source close to negotiations between Egypt and the International Monetary Fund (IMF) said on Monday that the government…
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…
Floating the pound: currency fix or economic disaster?
Business
October 5, 2016
Floating the pound: currency fix or economic disaster?
The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
IMF to discuss Egypt loan at future meeting, not this week: deputy minister
Egypt
October 5, 2016
IMF to discuss Egypt loan at future meeting, not this week: deputy minister
The International Monetary Fund will discuss Egypt's $12 billion loan programme at an executive board meeting, not at its annual…
IMF predicts consumer prices index at 18.2% in 2017
Business
October 5, 2016
IMF predicts consumer prices index at 18.2% in 2017
The International Monetary Fund (IMF) has projected a rise in the Egypt's consumer price index (CPI) to 18.2 percent during…
CBE announces $3 bn rise in net foreign reserves on last month
Business
October 3, 2016
CBE announces $3 bn rise in net foreign reserves on last month
The Central Bank of Egypt (CBE) has announced a US$3 billion increase in net foreign reserves in late September compared…
Egypt surges on hope of good news on IMF loan
Business
October 3, 2016
Egypt surges on hope of good news on IMF loan
Egypt's stock market rose sharply in early trade on Monday on hopes that an international financing package for the country…