Egypt expects to receive the second tranche of a $12 billion International Monetary Fund loan in July, …
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International Monetary Fund
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Financial Institutions
IMF’s Jarvis says Egypt to lift cap on dollar deposits in months: paper
by Yomna Yasserby Yomna YasserEgypt’s central bank will remove restrictions on dollar deposits in the coming months, local newspaper Al-Borsa has …
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Industry & Trade
Egypt external debts jump to $71.8bn in February: planning minister
by Yomna Yasserby Yomna YasserEgypt’s Minister of Planning Hala El-Said said Thursday that Egypt’s external debts reached $71.8 billion by the …
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Egypt’s central bank announced Wednesday cancelling limits on international currency transfers. “It was decided to permit banks …
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Financial Institutions
Egypt: next review for IMF loan programme to be in Nov. or Dec.
by Yomna Yasserby Yomna YasserEgyptian Minister of Finance Amr el-Garhy said Thursday that the next review for the country’s $12 billion …
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Financial Institutions
Greece on track to reach a deal with creditors within 3 weeks: IMF official
by Yomna Yasserby Yomna YasserThe biggest guarantee that Greece and its creditors will finally reach an agreement on its debt burden …
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Industry & Trade
Budget deficit falls 8% of Egypt’s GDP in first nine months of FY2016/17
by Yomna Yasserby Yomna YasserEgypt’s budget deficit for the first nine months of the financial year 2016/2017 ending in June dipped …
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Real Estate
Raising interest rate could control Egypt’s economic situation: expert
by Yomna Yasserby Yomna YasserThe Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2 percent, reaching 17.25 …
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The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing …
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Industry & Trade
IMF backs Egypt scheme to remove fuel subsidies in 3Yrs, ease inflation
by Yomna Yasserby Yomna YasserThe International Monetary Fund (IMF) is encouraged by Egypt’s efforts to remove fuel subsidies within three years …