Latest in Highlight
US dollar loses over 50 piastres on informal market, 5% jump on EGX during Wednesday trading
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
Britain’s upcoming departure from the European Union has prompted the International Monetary Fund (IMF) to cut its global growth forecast for the next two years – the fifth time it has dialed back estimates in 15 months.
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
The once-proud Deutsche Bank is now threatening the global financial system. Things keep getting worse and worse, though Brexit offers a tiny glimmer of hope, writes DW’s Henrik Böhme.
Reuters reported on Monday that Egypt is negotiating a loan worth $5bn; Amer denies to Daily News Egypt
Drop in oil prices worldwide is an opportunity for Egypt to get rid of fuel subsidies gradually, says Masood Ahmed
The International Monetary Fund (IMF) has urged China to implement reforms more speedily as it faces growing vulnerabilities amid dwindling resources to cope with internal and external shocks.
Foreign investors applaud removal of subsidies, VAT, liberalised exchange rate, investment and banking reform, but demand more liberalisation policies from the Egyptian government
Rania Al-Mashat will assume her duties in early August
The Central Bank of Egypt hired Al-Mashat from the IMF in 2005
France’s economy is recovering at a pace insufficient to combat high unemployment – and the government may need to extend its already unpopular labor reforms, the International Monetary Fund (IMF) has warned.
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece’s latest bailout package would need the participation of the International Monetary Fund (IMF).
The Egyptian government requested an evaluation from the fund
Egyptian delegation agreed with IMF officials to cooperate in studying methods to enforce VAT law
Omran will hold talks with three international investment institutions which manage investments of $100bn to discuss possible investment in the EGX
Security problems, Russian plane crash, and foreign currency crisis lowered growth expectations from last year, says Masood Ahmed
External debt is within safe limits and can be managed, but local debt is worrying, Jarvis says
Economy professor Alia El-Mahdy believes Egypt will adopt further economic reforms in the new fiscal year to meet IMF’s demands
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
The US firm expects higher interest rates
The revaluation of the US dollar exchange against the Egyptian pound in the black market, for the first time in history, fueled these rumours
The International Monetary Fund has confirmed Christine Lagarde for a second term at the helm of the Washington-based organization. She did not have to struggle hard as there was no other candidate.
The World Bank delivered financing methods for reconstruction efforts, says Nasr
Programmes and projects funded by the European Commission are tackled with Deputy Director General, Katerina Mathernova
Finance minister will also attend meetings with high-level officials in international financial institutions and credit ranking institutions
Sahar Nasr headed to Lima, Peru to attend World Bank and IMF annual meetings
Sahar Nasr affirmed that the ministry is working on receiving needed financing for national development projects
CBE policies would improve the availability of foreign exchange, strengthen competitiveness, support exports and tourism, and attract foreign direct investment, says Jarvis
The delegation will visit Egypt mid-September