IMF: Venezuela’s inflation rate may soar beyond 2,300% in 2018
Venezuela’s triple-digit annual inflation rate is set to soar to more than 2,300 percent in 2018, the highest…
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Financial Institutions
IMF raises Egypt 2017 economic outlook to 4.1%, MENA unchanged
The International Monetary Fund on Tuesday raised its forecast for Egypt’s economic growth this year to 4.1…
IMF raises global economic outlook for 2017, 2018 but warns of risks
The International Monetary Fund is slightly more optimistic about global growth yet remained clearly concerned…
Saudi Arabia launches $1 billion fund to support SMEs
Saudi Arabia's Public Investment Fund (PIF) announced Tuesday the establishment of the Fund of Funds, a new SR4…
Egypt partakes in IMF annual meetings
Egypt participated in the annual meetings (Autumn Meetings) of the International Monetary Fund (IMF) and the World…
Takaful premiums in Egypt reach 2.3 bln pounds at July-end
The premiums of Egypt’s Islamic insurance, or takaful sector registered 2.3 billion Egyptian pounds ($130.1…
Green fund approves $31.4mn UNDP to protect Egypt’s Delta from climate change
The Green Climate Fund (GCF) approved on Sunday a $31.4 million United Nations Development Programme (UNDP)…
Egypt plans dollar-denominated Eurobonds issue between Jan-Feb
Egypt is planning to issue dollar-denominated Eurobonds between January and February next year, followed by a…
Foreign investment in Egyptian securities hit $18 bln at end-September
Foreign investment in Egyptian securities rose to $18 billion at the end of September, according to a Finance…
Yields surge on Egypt’s three and nine-month T-bills
Average yields on Egypt’s three and nine-month treasury bills surged at Sunday’s auction, central bank data showed.…