Egypt is facing a crisis in terms of foreign currency exchange rates which must be addressed, as …
International Monetary Fund
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Financial Institutions
Egypt PM expects signing IMF deal within two months
by Yomna Yasserby Yomna YasserEgypt hopes to obtain final approval for its $12 billion International Monetary Fund lending programme within two …
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Financial Institutions
Egypt to receive first $2.5 billion payout of IMF loan ‘in 15 days’
by Yomna Yasserby Yomna YasserEgypt is set to receive the first $2.5 billion tranche of a $12 billion three-year loan facility …
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Financial Institutions
INTERVIEW: IMF official says low oil prices still hurting Mideast
by Yomna Yasserby Yomna YasserOil-producing Mideast countries are coping with low global oil prices, yet more government reforms are needed, the …
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Financial Institutions
Egypt secures 60% of finances required for IMF loan: PM
by Yomna Yasserby Yomna YasserEgypt has succeeded in securing 60 percent of the $6 billion in financing required to receive a loan …
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Financial Institutions
U.S. working with G7 countries to finance IMF Egypt programme: official
by Yomna Yasserby Yomna YasserThe United States views the International Monetary Fund’s proposed $12 billion bailout for Egypt as “essential” and …
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Financial Institutions
Egypt to gather additional $6 billion needed for IMF deal: FinMin
by Yomna Yasserby Yomna YasserEgypt’s Finance Minister Amr el-Garhy said Monday his country would gather an additional $6 billion in bilateral …
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During his meeting with the editors-in-chief of national newspapers on Friday, President Abdel Fattah Al-Sisi talked about …
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Financial Institutions
IMF loan deal means Egypt is able to pay it back: Sisi
by Yomna Yasserby Yomna YasserIn his meeting with the editors-in-chief of national newspapers, Egyptian President Abdel Fattah al-Sisi said that he …
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EGX
Egyptian stocks jump 3.9% higher on Saudi IMF-deal boost deposit
by Yomna Yasserby Yomna YasserEgypt’s stock market climbed Thursday powered by the news of receiving a $2 billion deposit from Saudi …