Egypt Moves To Rein In Energy Subsidy Bill
Egypt has taken a first step to getting expensive energy subsidies under control, a key component of an economic…
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International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
Egypt Pound Weakens To Near 8-Year Low As IMF Talks Resume
The Egyptian pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations…
EGX 30 Ends 1.73% Higher Ahead Of IMF Team Visit
During Monday closing session, the Egyptian Exchange (EGX) has extended posting gains of EGP 4.4 billion as the…
IMF Team To Resume Talks In Egypt Next Week
An International Monetary Fund team will arrive in Cairo next week to resume discussions on a $4.8 billion loan…
Yields Dip On Egypt Bonds, IMF Deal Eyed
Average yields dipped at an auction of re-opened three- and seven-year bonds on Monday, continuing a steady slide…
Japan Agrees To Grant Tunisia $600 Mln Loan Guarantee
Japan will provide a $600 mln of loan guarantee to support Tunisia's democratic transition and economic recovery,…
Egypt’s Central Bank Leaves Benchmark Rates Unchanged
Egypt's central bank kept its benchmark interest rates unchanged on Thursday, in a move that will help the…
Egypt To Tap Global Sukuk Market After Law Enactment, IMF Loan
Egypt has received interest from foreign banks amounting to $750 million to $1 billion for a sukuk sale after it…
Arab Bank For Economic Development Signs 6 Loan Contracts Worth US$54.1 Mln
The Arab Bank for Economic Development in Africa signed six loan agreements worth US$ 54.1 million with Togo,…
Mideast Needs IMF Help To Curb Unemployment: UAE Minister
Many countries in the Middle East need International Monetary Fund’s (IMF) support to avoid the high unemployment…