Banks Egypt’s Economic Reform Plan Requires Upper House Approval Administrator May 12, 2013 0 The Egyptian government will not amend the economic reform plan submitted to the International Monetary Fund (IMF),…
Banks Lowering Egypt’s Credit Rating Not To Impact IMF Talks: Ismail Hassan Administrator May 9, 2013 0 Downgrading Egypt’s long-term sovereign credit rating from B- to CCC+ and short-term rating from B to C with stable…
Egypt News USA Turns Down Egypt’s Request For US$ 550 Mln Aid In Cash Administrator May 8, 2013 0 The United States of America has rejected Egypt’s request for aid worth US$ 550 million in cash and insisted to…
Financial Institutions Cabinet Reshuffle Not To Affect IMF Talks: Cabinet Spokesperson Administrator May 7, 2013 0 The new Cabinet reshuffle will not affect the government’s economic program or policies which were announced in a…
Banks Egypt Seeks To Raise Foreign Reserves To US$22 Bln By June, 2014 Administrator May 4, 2013 0 The Egyptian government plans to increase foreign reserves to US$ 22 billion by the end of the next fiscal year.…
Financial Institutions Egypt Names New Key Negotiator With IMF Administrator Apr 30, 2013 0 Dr. Abdallah Shehata, economic adviser to the Minister of Finance and head of Economic Affairs Committee of the…
Egypt News INTERVIEW – Leftist Leader Says Egypt Should Refuse IMF Loan Administrator Apr 30, 2013 0 Egypt should refuse a $4.8 billion loan from the International Monetary Fund rather than submit to terms that would…
Egypt News Egyptian Parliament Halts Reading Of Tax Law Needed For IMF Deal Administrator Apr 30, 2013 0 Egypt's parliament halted its reading of a new income tax law on Monday, saying the government had not shown who…
Financial Institutions Egypt Resumes Talks With IMF Via Video Conference Administrator Apr 29, 2013 0 Egypt will resume negotiations with the International Monetary Fund (IMF) over the long-awaited US$ 4.8 billion…
Banks Arab Aids Support Economy In Short Term, IMF Loan A Must: CBE Governor Administrator Apr 28, 2013 0 Despite securing loans and deposits from a number of Arab countries, getting the US$ 4.8 billion loan from the…