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Al-Ahram Weekly - Egypt
2/14/2024 10:15:00 AM
Recent statements about Egypt’s loan arrangements with the IMF have relieved many observers.

Al-Ahram Weekly - 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

Al-Ahram Weekly - Economy
2/12/2024 10:33:00 AM
People across the country were stunned by the sharp hikes in food prices last week.

Business - 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.

War on Gaza - 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.

Business - Economy
2/4/2024 9:14:27 PM
The US dollar recorded a noticeable drop against the Egyptian pound in the parallel market, reaching approximately EGP 55 over the past few hours, down from a recent peak of EGP 72 in the past few days, according to media reports.

Business - Economy
2/4/2024 7:54:26 PM
Goldman Sachs, the renowned American investment bank, anticipated that Egypt is on the verge of securing a $12 billion financing deal with the International Monetary Fund (IMF), according to a report by Asharq Bloomberg on their official account on X on Sunday.

Business - Economy
2/2/2024 7:28:02 PM
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva stated that Egypt and the lender are in advanced discussions regarding the augmentation of the Egyptian loan programme.

Business - Economy
2/2/2024 4:13:43 AM
The International Monetary Fund (IMF) announced on Thursday the successful completion of its delegation's visit to Cairo, focusing on discussions aimed at finalizing the first and second reviews of Egypt's reform program supported by the IMF's Extended Fund Facility (EFF).

Business - Economy
2/1/2024 12:28:44 PM
The global economy is expected to grow by 3.1 percent in 2024 and edge slightly higher to 3.2 percent in 2025, with projections indicating a moderate growth trajectory and a gradual easing of inflationary pressures over the next couple of years, according to the International Monetary Fund’s 2024 World Economic Outlook Report.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.

Business - Economy
1/31/2024 3:28:49 PM
As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth in 2024.

Business - Economy
1/31/2024 2:50:16 PM
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA, especially Egypt and Tunisia, stated the Regional Economic Outlook (REO) report on the Middle East and Central Asia.

Business - Economy
1/30/2024 6:21:03 PM
Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF), Daniel Leigh, a division chief at the IMF’s Research Department, told Ahram Online (AO).

Business - Economy
1/30/2024 3:06:10 PM
The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according to the updated World Economic Outlook (WEO) report released on Tuesday.

Business - Economy
1/30/2024 1:32:22 PM
S&P Global Rating Agency expects that Egypt is likely to devalue its currency to align it more accurately with the parallel market rate, according to a recent report released by the agency.

Business - Economy
1/29/2024 4:25:59 PM
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday.

Al-Ahram Weekly - Egypt
1/24/2024 11:36:00 PM
With an IMF delegation in Cairo this week to discuss Egypt’s loan programme, moves are underway to find a solution to the country’s hard-currency problem.

Business - Economy
1/24/2024 2:36:33 PM
Global rating agency Moody’s has changed the future outlook for five major Egyptian state-owned and private banks from stable to negative, while maintaining their long-term deposit ratings at CAA1 and B3, according to a report by the agency on Tuesday.

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