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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).

Sports - World
1/11/2024 7:36:41 PM
Newcastle's backing from the Saudi sovereign wealth fund does not mean they will not have to sell some of their top players, the club's chief executive admitted after posting a £73 million ($93 million) loss for the 2022/2023 season.

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.

Egypt - Urban & Transport
1/7/2024 5:47:29 PM
Ayman Soliman, the CEO of The Sovereign Fund of Egypt (TSFE), recently revealed that a foreign consortium, predominantly from the United Arab Emirates, won its bid to develop the land of Egypt's National Party building in Tahrir Square.

Business - Economy
1/4/2024 10:06:33 PM
The CEO of the Sovereign Fund of Egypt (SFE) Ayman Soliman unveiled ambitious plans for downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square metres of green spaces, and the revitalization of historical buildings.

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.

World - Region
12/31/2023 6:00:27 PM
Authorities in Iraqi Kurdistan said Sunday two drones struck a military base used by the autonomous region's security forces, blaming the attack on "outlaws" funded by Baghdad.

World - Region
12/28/2023 8:19:10 PM
The U.S. on Thursday imposed sanctions on a group of money exchange services from Yemen and Turkey alleged to help provide funding to Iranian-backed Houthi rebels who have been launching attacks on commercial shipping vessels in the southern Red Sea.

Business - Economy
12/28/2023 2:44:08 PM
Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.

Business - Economy
12/27/2023 6:04:01 PM
Beltone Financial Holding's subsidiary Cash for Microfinance signed an EGP 60 million agreement with the Dutch Challenge Fund for Youth Employment (CFYE), to support low-income entrepreneurs in Egypt, according to a company statement on Wednesday.

Business - Economy
12/25/2023 7:21:07 PM
Financing offered to Egyptian microenterprises surged by more than 1,123%, reaching EGP 78.3 billion in June 2023 from just EGP 6.4 billion in December 2016, according to a press release by the Central Bank of Egypt (CBE) on Monday.

Business - Markets & Companies
12/25/2023 6:59:33 PM
T-Vencubator, an Egyptian tech startups incubator and venture capital company, announced starting its operations in Egypt, according to a statement by the fund on Monday.

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.

Al-Ahram Weekly - Economy
12/19/2023 5:56:11 PM

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.

World - War in Ukraine
12/12/2023 5:42:36 PM
Ukrainian President Volodymyr Zelenskyy arrived Tuesday on Capitol Hill to a darker mood than when he swooped in last winter for a hero's welcome, as the Russian invasion is grinding into a third year and US funding hangs in the balance.

War in Sudan - War in Sudan
12/10/2023 9:25:40 PM
Of nearly 25 million people in need, the United Nations has only been able to reach a fraction, according to the head of the UN's humanitarian response in war-torn Sudan.

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