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Business
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Economy
3/30/2024 12:59:11 AM
The Executive Board of the International Monetary Fund (IMF) completed on Friday the first and second reviews of Egypt’s 46-month Extended Fund Facility arrangement with Egypt and approved an expansion of the original program by about $5 billion.
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Business
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Economy
3/28/2024 9:52:35 PM
The Executive Board of the International Monetary Fund (IMF) is set to decide on the completion of the first and second reviews under its EFF loan Programme for Egypt on Friday.
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Al-Ahram Weekly
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Economy
3/26/2024 9:00:05 PM
Niveen Wahish examines Egypt’s economic prospects following the recent wave of investment and financing pledges
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Business
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Economy
3/17/2024 2:07:00 PM
European leaders are expected to announce a €7.4 billion ($8.06 billion) funding package and an upgraded relationship with Egypt in Cairo on Sunday, Reuters reported.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:14:00 PM
In a busy week Egypt floated the pound, signed an enhanced IMF deal, and received the thumbs up from international financial institutions, reports Al-Ahram Weekly.
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Business
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Economy
3/13/2024 8:39:38 PM
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
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Business
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Economy
3/13/2024 3:22:55 PM
The European Union (EU) will provide Egypt with a €7.4 billion (over $8 billion) package varying between grants and loans. The package is meant to shore up Egypt's economy from the the repercussions of the Israel war on Gaza and the conflict in Sudan, Financial Times (FT) reported on Wednesday.
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Al-Ahram Weekly
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Opinion
3/12/2024 8:22:49 PM
It is time to break from Joseph’s prophecy.
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Business
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Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.
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Business
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Economy
3/12/2024 12:05:13 PM
All 27 EU countries have endorsed a second term for International Monetary Fund chief Kristalina Georgieva, Belgium's finance minister said on Tuesday.
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Business
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Economy
3/7/2024 1:07:29 PM
The International Monetary Fund (IMF) has revealed six factors covering the commitments and targets under the recently reached $8 billion loan deal with Egypt.
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Business
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Economy
3/6/2024 10:32:00 PM
Egypt signed an agreement with the International Monetary Fund (IMF) to extend the current $3 billion loan deal to $8 billion.
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Business
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Economy
3/6/2024 1:03:57 PM
Egypt and the International Monetary Fund (IMF) are expected to finalize a multi-billion dollar loan agreement within the next few hours, said a senior source close to talks.
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Business
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Economy
2/28/2024 1:05:05 PM
The International Monetary Fund (IMF) has resolved key issues with Egyptian authorities regarding the reviews of its $3 billion loan programme and will announce the final financing package within weeks, Kristalina Georgieva, managing director of the IMF, said in an interview with Reuters.
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Business
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Economy
2/25/2024 9:43:36 PM
There is no connection between increasing the value of Egypt’s upcoming loan from the International Monetary Fund and the possibility of receiving refugees from Gaza in case of an Israeli attack on the city of Rafah, Jihad Azour, Director of the Middle East and Central Asia Department at the IMF said on Sunday.
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Al-Ahram Weekly
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Egypt
2/14/2024 10:15:00 AM
Recent statements about Egypt’s loan arrangements with the IMF have relieved many observers.
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Al-Ahram Weekly
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Egypt
2/13/2024 9:51:58 PM
On Monday, the House of Representatives approved five bills earmarking LE180 billion to fund a new package of wage and pension hikes, tax breaks, and social protection programmes, reports Gamal Essam El-Din
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Al-Ahram Weekly
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Economy
2/12/2024 10:33:00 AM
People across the country were stunned by the sharp hikes in food prices last week.
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Business
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Economy
2/11/2024 6:16:48 PM
The International Monetary Fund (IMF) will announce the outcomes of the ongoing negotiations with Egypt within the upcoming few weeks, the Managing Director of the IMF, Kristalina Georgieva, said on Sunday.
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War on Gaza
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War on Gaza
2/11/2024 6:15:31 PM
The Israeli war on Gaza has devastated the economies of both the embattled Gaza Strip and the occupied West Bank, the International Monetary Fund's chief said Sunday, adding that only "durable peace" would improve the outlook.
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