As Hopes To Create MENA’s Biggest Investment Bank Fall, Egypt’s Business Climate Darkens
For Egypt, the collapse of a deal that would have created the Middle East’s biggest investment bank comes at a…
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International Monetary Fund
EGX 30 Rallies Again, Nears 5380 Pts; Opening Following New Cabinet
The Egyptian Exchange (EGX) has continued its rally for the second day after posting opening gains on Wednesday of…
Egypt Shares Rise Most in 2 Months as New Cabinet Spurs IMF Bets
On Tuesday, Egypt’s benchmark stock index surged the most in two months on investor bets a Cabinet change will…
Egypt Says Libyan And Iraqi Oil To Arrive Next Month
Egypt said it expected crude oil imports to start arriving next month after Libya and Iraq agreed to make…
Egypt’s Morsi Brings More Islamists Into Cabinet
Egyptian President Mohamed Morsi increased the influence of his Muslim Brotherhood over government in a cabinet…
Cabinet Reshuffle Not To Affect IMF Talks: Cabinet Spokesperson
The new Cabinet reshuffle will not affect the government’s economic program or policies which were announced in a…
Egypt Seeks To Raise Foreign Reserves To US$22 Bln By June, 2014
The Egyptian government plans to increase foreign reserves to US$ 22 billion by the end of the next fiscal year.…
Baring Frontier Manager Avoids Egypt Stocks as IMF Talks Stall
Baring Asset Management, the money manager once owned by the bank brought down by Nick Leeson, is…
EGX 30 Surges 1.78% In April On IMF Accord Optimism
In April which witnessed resumption of talks between Egypt authorities and the International Monetary Fund over…
Egypt Names New Key Negotiator With IMF
Dr. Abdallah Shehata, economic adviser to the Minister of Finance and head of Economic Affairs Committee of the…