Egypt Rules out IMF Loan Deal before Presidential Polls
Egypt has ruled out on Sunday seeking a $4.8 billion loan agreement from the fund in the meantime, according to…
Browsing Tag
Ahmed Galal
Egypt Surges Second Stimulus Package by US$4.87 bln
Egypt's Finance Minister Ahmed Galal unveiled on Monday the launch of the second stimulus package, which amounts to…
Egypt’s Second Stimulus Package Almost Ready, Details Within Days-Minister
The details of Egypt's second stimulus package since Islamist President Mohamed Morsi was ousted last July will be…
Egypt Shares End Week Higher ahead of 2011 Uprising Anniversary
Ahead of January 25 Uprising’s third anniversary, Egyptian stocks ended this week higher attaining gains totaled…
Davos 2014 – Egypt Vote Was a ‘Great Success’: Finance Minister
Egypt's finance minister has told CNBC the recent vote on a new constitution was a "great success", and said the…
40 Global Funds to Participate in Beltone’s Economic Event on Jan 28
Nearly 40 global investment funds with total assets of more than US$250 billion will take part in the three-day…
Egypt Finance Minister to Present Country’s Economic Reforms in Davos
Egypt will participate in this week's World Economic Forum (WEF) in Switzerland, under the auspice of restoring…
IMF Delegation to Visit Egypt in January – Source
A delegation from the International Monetary Fund (IMF) will visit Egypt during the first week of January in order…
Egypt Says to Use Gulf Aid, Savings for Stimulus
The Egyptian government will finance an economic stimulus package of around 30 billion Egyptian pounds ($4.36…
Russia’s Sovereign Wealth Fund to Invest $10 bln in Egypt – Official
A Russian sovereign wealth fund is considering to invest US$ 10 billion in Egypt’s market within the upcoming…
Egypt Secures Financing from World Bank, in Talks with Saudi Arabia over New Aid
Egyptian Finance Minister Ahmed Galal revealed that the World Bank has approved a financing package for a number of…
S&P Raises Egypt Ratings to B- from CCC+
Standard & Poor's Ratings has raised its sovereign credit ratings for Egypt to 'B-/B' from 'CCC+/C', saying it…
Egypt Has to Undergo ‘Faltering’ Stage Before Restoring High Growth Rates
Egypt will be seeing a stage of an economic unsteadiness before being able to recover and restore high growth rates…
Ministers of Finance, Tourism, Investment Inaugurate 19th Edition of Euromoney Egypt
The Egyptian Minister of Finance H.E. Dr. Ahmed Galal, Minister of Investment H.E. Dr. Osama Saleh and Minister of…
Euromoney Egypt 2013 Kicks off Today under Amwal Al Ghad Media Sponsorship
The world’s leading organizer of conferences for capital markets and cross border investments, Euromoney…
Egyptian Presidency Adviser to Address Euromoney Conference
Adviser to the Egyptian Presidency Dr. Mostafa Hegazy will give the lunch keynote interview at Euromoney’s 19th…
Ministers and Investors Confirmed for the 2013 Euromoney Egypt Conference
This month, the Egyptian Minister of Finance H.E. Dr. Ahmed Galal and the Minister of Tourism H.E. Hisham Zazou…
Egypt, IMF Delegation Discuss Applying VAT
Finance Minister Ahmed Galal held a meeting on Wednesday with the delegation of International Monetary Fund (IMF),…
IMF in Egypt for First Time Since 30 June
In its first visit to Egypt since 30 June uprising, an International Monetary Fund (IMF) delegation met with…
Euromoney Conference 2013 Set to Tackle the Future of Egypt’s Economy
Euromoney Conferences, the events arm of Euromoney Institutional Investor plc, returns to Cairo for its 19th…
UAE Pushing WB, IMF to Support Egypt
United Arab Emirates Minister of State Sultan Ahmed al-Jaber, who is currently in Egypt, said his country was…
Egypt’s Finance Minister Faces Huge Challenges to Boost Economy
Egypt’s new finance minister is on a mission that is seemingly impossible: he has pledged to reduce the budget…
Egypt Interim Govt Targets GDP Growth between 3-3.5% in 2013/14
Dr. Ahmed Galal, Egypt’s Minister of Finance, stated that government targets to push GDP growth between 3-3.5% in…
Egyptian Finance Says Returning Deposit to Qatar Won’t Affect Cash Reserves
Ahmed Galal, the Egyptian Finance Minister, said Returning EGP 2 billion by the Central Bank of Egypt (CBE) to…
Italy’s Eni Says Egypt Pledges Repayment of $800 mln in Arrears
Eni has received a pledge from Egypt that it will repay arrears owed the oil and gas major to the tune of $800…
BP Discovery to Boost Egypt’s Natural Gas Reserves
Egypt’s natural gas reserves are expected to increase by roughly 1.2 trillion cubic feet (TCF) after the latest gas…
Egypt’s Interim Govt Unlikely to Resume IMF Talks – Minister Says
Although financial budget crunch still bites, Egypt’s interim administration is unlikely to resume talks over the…
Egypt Bets on Gulf Aid to Boost Economy As IMF Shunned
Egypt is betting on aid from its oil-rich Gulf neighbors to spur its ailing economy, ending a two-year pursuit of…
Egypt’s New FinMin Plans Stimulus, Not Austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by…
Egypt’s Finance: EGP 2.5 Bln For Financing July Allowance With 10%
Ahmed Galal, the new Egyptian Finance Minister, said the government has approved EGP 2.5 billion for financing…
Egypt’s Finance Raises EGP5.5 bln T-bills Today
Egypt’s Ministry of Finance is planning to offer today 91- and 266-day treasury bills valued at EGP 5.5 billion.…
Egypt Economy Chiefs Vow to Ease Shortages, Cautious on Reform
Economic ministers in Egypt's new military-backed government are pledging to ease shortages and make it easier for…
Technocrats Cannot Fix Egypt’s Political Dysfunction – FT
Among Egyptians of all political stripes, there is a pervading conviction that talented and top-notch specialists…
Italy’s Aqua Group Injects EGP10 Mln Investments In Egypt
The initiative, which concerns transferring the Italian investments to Egypt and launched by the International…
IBIA: Volume Of Egyptian Investments In Algeria Is $5 Bln
Egypt's IBIA, International Business and Investment Association, has signed a cooperation protocol with the…
Transferring 17 Italian Factories To Egypt Is Imminent
Ahmed Galal, Chairman of IBIA (International Business & Investment Association), has revealed that a number of…
FIHC Allocates EGP1 bln For 500K Tons Of Paddy
Food Industries Holding Company (FIHC) has allocated EGP 1 billion to purchase 500 thousand tons of paddy,…