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"IMF"

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Business - Economy
2/8/2023 1:50:02 PM
Egypt intends to initiate the first stage of the initial public offering (IPO) programme under its new loan agreement with the International Monetary Fund (IMF) in March before the completion of the programme's first review, a source close to the cabinet’s discussions told Ahram Online.

Business - Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.

Business - Energy
2/6/2023 5:21:45 PM
Egypt’s government intends to announce within days a hike of fuel prices within the legal 10 percent increase, a source inside the Fuel Automatic Pricing Committee (FAPC), which reviews fuel prices quarterly, told Ahram Online.

Business - Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.

Business - Economy
1/31/2023 10:54:58 PM
Lebanon from Wednesday will shift its long-standing official exchange rate to 15,000 pounds against the dollar, a central bank source said -- an almost 90 percent devaluation amid a years-long economic crisis.a

World - Region
1/29/2023 11:05:42 PM
Just 11.3 percent of Tunisians voted Sunday in a second-round poll for a toothless parliament, according to initial figures announced by the electoral board, as the politically divided nation grapples with economic woes.

Business - Economy
1/26/2023 3:46:50 PM
The Pakistani rupee dived to a historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the IMF.

Business - Economy
1/16/2023 5:54:53 PM
Egypt has received $925 million in indirect investments in local debt instruments since Wednesday, increasing the country’s reserves of hard currency in addition to an increase from the local market, Egyptian expats remittances, and the tourism sector, the Central Bank of Egypt said on Monday.

Business - Economy
1/15/2023 5:37:10 PM
Egypt aims to bridge its financing gap through FY2025/26 mainly by selling state-owned assets, including to member states of the Gulf Cooperation Council, according to a staff report the International Monetary Fund (IMF) released last week on Egypt’s new IMF-backed $3 billion loan deal.

Business - Economy
1/15/2023 5:28:26 PM
Egypt’s cabinet is set to announce this week a new five-year initiative to fund industrial and agricultural projects with loans at an 11 percent interest rate.

World - International
1/13/2023 1:41:29 PM
Bankrupt Sri Lanka will drastically slash its military, the defense ministry said Friday, as the government works to overhaul its shambolic finances after an unprecedented economic crisis.

Business - Economy
1/12/2023 4:57:00 PM
The International Monetary Fund (IMF) announced on Tuesday the details of its new 46-month loan programme for Egypt and its government commitments in a staff report.

Al-Ahram Weekly - Egypt
1/11/2023 4:15:00 PM
Action is being taken to protect the local currency, but this may not help to rein in inflation.

Al-Ahram Weekly - Egypt
1/11/2023 4:14:00 PM
The government is braced to absorb continuing economic shocks as the new year progresses.

Business - Economy
1/10/2023 9:59:00 PM
Egypt is set to receive the second tranche of the $3 billion loan it secured from the International Monetary Fund (IMF), estimated at around $347 million, by the end of March, following the completion of the first review of the loan programme, the IMF Mission Chief for Egypt, Middle East and Central Asia Department Ivanna Vladkova Hollar said on Tuesday.

Business - Economy
1/10/2023 9:22:09 PM
Egypt has committed to the International Monetary Fund (IMF) to endure structural reforms in its macroeconomic schemes, fuel prices and foreign exchange policies (FX) as well as its debt structure among several monetary and fiscal policies, according to the fund staff report released on Tuesday.

Business - Economy
1/4/2023 5:28:17 PM
Dubai announced Wednesday a bold plan aiming to boost foreign trade and investment in the United Arab Emirates' financial hub and "double the size" of its economy by 2033.

Business - Markets & Companies
1/3/2023 4:59:00 PM
European stock markets started the New Year on a high note on Monday after a rough 2022 but the IMF chief warned that a third of the world economy faces recession in 2023.

World - Region
1/2/2023 5:28:36 PM
Tram and bus workers in the Tunisian capital staged a strike over delays in salaries and the lack of an end-of-year bonus Monday, creating traffic jams across Tunis.

World - War in Ukraine
1/1/2023 10:05:44 AM
A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine's debt burden at the International Monetary Fund, which could create tensions at the world's lender-of-last-resort over one of its biggest borrowers.

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