|
Business
-
Tech
1/15/2024 3:35:30 PM
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.
|
|
Business
-
Economy
1/14/2024 8:56:58 PM
Egypt's Initial Public Offering (IPO) programme, which commenced in February 2023, has attracted $3.5 billion in investments so far, Minister of Finance Mohamed Maait said on Sunday.
|
|
Business
-
Economy
1/11/2024 10:27:43 PM
The International Monetary Fund (IMF) is discussing with the Egyptian authorities a set of policies that would support the completion of the first and second reviews of the Extended Fund Facility (EFF) that Egypt has with the Fund, head of the Communications Department (COM) at the IMF and the spokesperson for the Fund Julie Kozack told Ahram Online.
|
|
Business
-
Markets & Companies
1/11/2024 8:58:41 PM
The Egyptian Exchange main index (EGX30) achieved humble growth in the second week of 2024 as investors move slowly, awaiting progress in Egypt’s negotiations with the International Monetary Fund (IMF).
|
|
Business
-
Economy
1/10/2024 6:04:39 PM
A mission from the World Bank (WB) arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership Policy Document and how best to manage these assets, according to a statement by the Ministry of International Cooperation on Wednesday.
|
|
Business
-
Economy
1/10/2024 3:45:30 PM
The US Treasury Secretary Janet Yellen and the Managing Director of International Monetary Fund (IMF) Kristalina Georgieva vowed full support for the Egyptian economy, according to an official statement on Wednesday.
|
|
Business
-
Economy
1/9/2024 9:24:28 PM
A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme with the International Monetary Fund (IMF), in addition to exploring a new additional loan for the country amid its ongoing serious economic situation.
|
|
Business
-
Economy
1/4/2024 8:19:22 PM
A mission from the International Monetary Fund (IMF) would probably visit Cairo in January to finalize a new time frame for the loan agreement with Egypt, said Cabinet Spokesperson Mohamed El-Hommosani during a phone call with Ala Mas’ouliati TV show on Wednesday.
|
|
Business
-
Economy
12/23/2023 6:43:27 PM
Global central banks’ reserves of US dollars declined to 59.2 percent during the third quarter of 2023 from 59.4 percent the previous quarter, the lowest figure since Q4 of 2022, according to the latest data released by the International Monetary Fund (IMF).
|
|
Business
-
Economy
12/20/2023 7:25:52 PM
The Egyptian government is in talks with the International Monetary Fund (IMF) for a new timeline for the loan deal, Prime Minster Mostafa Madbouly said in a press conference on Wednesday.
|
|
Business
-
Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.
|
|
Al-Ahram Weekly
-
Economy
12/19/2023 5:56:24 PM
A year of trials and errors and then the war on Gaza. Niveen Wahish reports on the way international events have impacted the Egyptian economy
|
|
Business
-
Economy
12/17/2023 3:34:16 PM
Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024, according to a recent report by the Institute of International Finance (IIF).
|
|
Business
-
Economy
12/17/2023 2:53:57 PM
The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies, as well as the solidarity and dignity initiative, said Minister of Finance Mohamed Maait, according to a statement on Saturday.
|
|
Business
-
Economy
12/16/2023 7:54:53 PM
British bank HSBC projected the Egyptian pound to experience devaluation, reaching EGP 40-45 against the US dollar, during the first quarter of 2024, according to a report by the bank on Friday.
|
|
Business
-
Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.
|
|
Business
-
Economy
12/16/2023 7:31:47 PM
Amid the escalating geopolitical tensions due to the Gaza war, different scenarios emerged regarding Egypt’s $3 billion loan.
|
|
Business
-
Economy
12/10/2023 1:03:15 PM
Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
|
|
Business
-
Economy
12/7/2023 8:27:52 PM
The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package for Egypt to help it withstand the repercussions of the recent conflict in the Middle East and its potential adverse impact on tourism revenues, Julie Kozack, the IMF’s Director of Strategic Communications (COM), told Ahram Online.
|
|
Business
-
Economy
12/5/2023 3:47:42 PM
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva expects the fund to increase the value of the loan provided to Egypt due to the impact of external factors on its economy, according to a statement on Tuesday.
|