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Financial Institutions
Egypt’s New Finance Minister: IMF Loan Is ‘Part of the Solution’
Egypt's finance minister said on Wednesday that an IMF loan was only "part of the solution" to the country's…
S&P Affirms Egypt’s Rating on Gulf Funds
Standard & Poor's Ratings Services kept its credit rating for Egypt unchanged, after Gulf states pledged…
Egypt to Put IMF Loan Talks on Back Burner – FT
A top official in Egypt’s cash-strapped interim government said he doubted the country could reach a deal with the…
Why Egypt’s Economy Will Recover – M. El-Erian
It is hard, if not impossible, to hear or read anything optimistic about Egypt these days. Unrest on the streets…
New Egypt Minister Says No Need for IMF Aid Now
Aid from Arab states will carry Egypt through its transition period, and it does not need to restart…
Egypt Will not Convert Gulf Funds into Bonds – Officials
Egypt is not planning to convert part of the financial aid pledged by Gulf nations into bonds, the country’s…
Egypt IMF Negotiator to Be Offered Finance Minister Post
Hany Kadri, who oversaw talks with the International Monetary Fund over a stalled rescue package last year, will be…
Egypt May Convert Gulf Funds into Bonds
Egypt could convert part of the USD12bn of loans and grants pledged by Gulf nations this week into tradable bond…
IMF Says No Discussions with Egypt’s Interim Government
The International Monetary Fund on Thursday said it was not currently discussing a possible loan with Egypt's…
Fitch Downgrades Two Egyptian Banks to ‘B-‘; Outlook Negative
Fitch Ratings has downgraded National Bank of Egypt's (NBE), its wholly-owned subsidiary, National Bank of Egypt…