As IMF deal nears, Egypt secures $2 billion in financing
Egypt has secured $2 billion in financing from international banks, a day before the International Monetary Fund’s…
Browsing Tag
Egypt’s economy
PM: Egyptian military’s role in economy likely to be reduced after 2-3 years
The role of Egypt's military in the economy is likely to decrease in two to three years, Prime Minister Sherif…
Brexit may leave negative impact on Egypt’s economy: IMF
Britain’s decision to leave the European Union may leave a negative impact on the Egyptian economy, according to an…
Egypt’s current account deficit surge to $18.7 bln in FY 2015-16
Egypt's current account deficit surged to $18.7 billion for the 2015-16 financial year that ended in June, from…
Egyptians rush to invest in property to counter the local currency’s slide
Investors clamour for real estate in face of Egypt’s weak currency and struggling economy When an Egyptian real…
World Bank says to provide Egypt with first $1 billion of $3 billion loan
The World Bank is to provide the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves…
No more “free” Saudi money for Egypt: Saudi businessman
Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly…
‘Low Oil Prices Make Suez Canal Unattractive’: German paper
Egypt’s Suez Canal is being used by fewer ships than usual as the trade route has become more expensive than the…
Egypt endorses AMF’s $243.8mn loan to support national economy
Egyptian Cabinet has endorsed Wednesday a 59.16 million Kuwaiti dinars ($243.8 million) loan from the Arab Monetary…
Cairo main index climbs 8% in week after c.bank move
Egypt’s stock market posted weekly gains worth 18.8 billion Egyptian pounds ($2.4 billion). Main index, EGX30 has…
