Egypt received a $2 billion central bank deposit from Saudi Arabia during September, the country’s prime minister …
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International Monetary Fund
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Banks
Egypt receives $2 billion Saudi deposit in boost for IMF deal: sources
by Yomna Yasserby Yomna YasserEgypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said on …
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forex news
Bankers rule out floating Egyptian currency before making official request for IMF loan
by Yomna Yasserby Yomna YasserBankers ruled out the flotation of the Egyptian pound by Egypt’s central bank before making the official …
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Egypt’s stock market closed higher on Sunday as investors welcome news of progress toward the country obtaining …
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Financial Institutions
Lagarde: Egypt has to do more on exchange rate, subsidies files to seal $12bn deal
by Yomna Yasserby Yomna YasserEgypt has “almost completed” the actions required for International Monetary Fund’s $12 billion loan, but some measures …
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International News
IMF will stay out of Greek bailout, to take special status – Reuters
by Noha Gadby Noha GadThe International Monetary Fund will not join the Greek bailout program but will likely accept a special …
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Industry & Trade
China’s yuan global push to facilitate Chinese investments in Egypt: experts
by Noha Gadby Noha GadThe Chinese yuan’s recent inclusion in the International Monetary Fund (IMF)’s Special Drawing Rights (SDR) basket is …
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Banks
IMF’s Lagarde says the sooner the U.S. can settle with Deutsche Bank, the better
by Yomna Yasserby Yomna YasserThe U.S. Justice Department should settle its ongoing probe into Deutsche Bank as quickly as possible to …
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International News
German finance minister says can’t rule out new financial crisis
by Yomna Yasserby Yomna YasserGermany’s Finance Minister Wolfgang Schaeuble warned on Friday that a new financial crisis could not be ruled …
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Financial Institutions
IMF official expects first payout to Egypt worth around $2.5 billion
by Yomna Yasserby Yomna YasserThe International Monetary Fund’s initial loan payout to Egypt will be worth around $2.5 billion, Masood Ahmed, …