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Business
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Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.
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Egypt
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Society
5/18/2024 4:25:26 PM
Egyptian and International Monetary Fund (IMF) officials have initiated discussions around a $1.2 billion long-term financing package to support Egypt's climate-related projects.
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Business
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Economy
5/9/2024 12:33:09 PM
Egypt’s headline inflation rate decelerated, for the second consecutive month, in April to 32.8 percent, down from 33.1 percent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Thursday.
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Business
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Economy
5/8/2024 2:32:04 PM
Egypt’s net international reserves (NIRs) surged at the end of April to its highest level in four years to post $41 billion, up from $40.4 at the end of March, the Central Bank of Egypt (CBE) reported on Tuesday.
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Business
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Economy
5/6/2024 4:43:22 PM
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.
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Business
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Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.
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Al-Ahram Weekly
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Egypt
5/1/2024 11:43:00 PM
Egypt’s augmented agreement with the IMF comes with a long list of recommendations.
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Business
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Economy
5/1/2024 6:06:15 PM
The Administrative Capital for Urban Development (ACUD) is scheduled to name an international initial public offering (IPO) advisor during the third quarter of 2024 (July-September), company CEO Khaled Abbas told CNBC on Wednesday.
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Business
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Economy
5/1/2024 3:20:47 PM
Jewellery and bullion demand in Egypt declined by 17 percent in the first quarter (1Q) of 2024 to 13.2 tons, down from 15.8 tons recorded in the correspondent quarter of 2023, according to the World Gold Council (WGC).
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Al-Ahram Weekly
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Economy
4/30/2024 9:32:43 PM
Debate on Egypt’s new state budget and socio-economic development plan kicked off in parliamentary committees this week.
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Al-Ahram Weekly
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Opinion
4/30/2024 5:44:41 PM
On Friday, the IMF released its first and second reviews of the reforms adopted by the Egyptian government as part of the two parties’ December 2022 agreement.
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Al-Ahram Weekly
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Economy
4/29/2024 11:17:00 PM
Doaa A. Moneim reports on the messages delivered by the Egyptian delegation to the IMF and World Bank Spring Meetings in Washington
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Business
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Economy
4/28/2024 2:10:39 PM
Egypt has met seven commitments out of 15 pledges under its ongoing $8 billion Extended Fund Facility (EFF) loan programme with the International Monetary Fund (IMF), according to the fund’s report released on Friday following the completion of the first and second reviews.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Al-Ahram Weekly
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Opinion
4/28/2024 9:27:00 AM
How can high-income and developing countries alike become more effective in implementing the IMF Spring Agenda to successfully address global and national economic challenges.
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Business
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Economy
4/27/2024 3:06:15 PM
The International Monetary Fund (IMF) issued on Friday the technical reports concerning the completion of the first and the second reviews of the fund’s Extended Fund Facility loan programme that has been recently expanded from $3 billion to $8 billion.
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Business
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Economy
4/24/2024 6:18:25 PM
The International Monetary Fund (IMF) announced Wednesday the launch of operations for opening its new regional office in Riyadh, Kingdom of Saudi Arabia (KSA), to enhance its partnership with Middle Eastern countries and beyond.
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Business
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Economy
4/24/2024 3:43:03 PM
Egypt’s Minister of Trade and Industry Ahmed Samir met on Wednesday with an investment delegation from the Austrian Holding Petrochemicals Company and the Czech Darslovska Company to discuss their plan to establish a sodium cyanide production plant in Egypt.
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Al-Ahram Weekly
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Egypt
4/23/2024 10:52:00 PM
Gamal Essam El-Din on the government’s budget and development plans for the new fiscal year
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Business
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Economy
4/23/2024 3:01:53 PM
The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based investment bank Goldman Sachs said in a research note.
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