International Monetary Fund (IMF)
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…
Iraqi minister’s downfall hurts prospect for financial bailout
Middle East
September 28, 2016
Iraqi minister’s downfall hurts prospect for financial bailout
Last week's dismissal of Iraqi Finance Minister Hoshiyar Zebari, the latest convulsion in Baghdad's increasingly unstable politics, risks delaying billions…
Egypt in talks to obtain $2 bln in financing from China
Egypt
September 19, 2016
Egypt in talks to obtain $2 bln in financing from China
Egypt is in talks with China to obtain $2 billion in financing, Deputy Finance Minister Ahmed Kojak said, without giving…
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
Business
September 16, 2016
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
The International Monetary Fund said on Thursday it has held "very productive discussions" with authorities in China and Saudi Arabia…