Egypt’s foreign reserves increased by $12 million by the end of November 2018 to reach $44.513 billion, compared to $44.501 billion by the end of October 2018, according to the Central Bank of Egypt (CBE). Minister of Finance Mohamed Ma’it said previously...اقرأ المزيد
For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 percent in 2018, before dropping back to 4% next year, the International Monetary Fund (IMF) said in its Regional Economic Outlook for the Middle East and North...اقرأ المزيد
Egypt’s annual consumer price inflation slipped to 15.4 percent in September 2018, compared to 32.9 percent in the same month of 2017 that rose due to the flotation of the Egyptian currency, state-statistics body said Wednesday, Oct. 10. In August,...اقرأ المزيد
A mission of the International Monetary Fund (IMF) will visit Egypt in October to make the fourth review of the country’s economic reform program. A report by the fund said the economic reform program carried out by the Egyptian government played...اقرأ المزيد
Egypt’s net foreign reserves jumped from $42.611 billion in the end of March to $44.030 billion at the end of April, announced the central bank of Thursday. The announcement comes to complement Egypt’s constant rise of foreign reserves since it secured...اقرأ المزيد
An International Monetary Fund delegation will arrive in Cairo next week to review Egypt’s progress on economic reforms before it disperses the fourth instalment of a $12 billion loan programme, Deputy Finance Minister Mohamed Moait said. Egypt agreed...اقرأ المزيد
Egypt’s Foreign Minister Sameh Shoukry declared that the Sudanese ambassador, who has been recalled to Sudan, will be returning to his duties in Cairo “very soon,” adding that the current relationship between Egypt and Sudan needs ambassadors to...اقرأ المزيد
“The merciful heart of the revolution,” a title given by late President Gamal Abdel Nasser to Hikmat Abu Zaid, the first Egyptian woman to be named a minister when she was appointed as the Minister of Social Affairs in 1962. Fifty-six years later,...اقرأ المزيد
A high-level source at the Central Bank of Egypt (CBE) said on Thursday that Egypt will receive the third installment of the loan agreed with the country and the International Monetary Fund (IMF) within days, worth $2 billion. The IMF Executive Board...اقرأ المزيد
Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from a three-year, $12 billion loan program, the IMF said on Friday. The payment, still subject to IMF executive board approval,...اقرأ المزيد