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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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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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).
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Business
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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.
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Al-Ahram Weekly
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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.
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