Sisi orders government to present 5-year achievements report in October
President Abdel Fattah El-Sisi on Sunday directed the government to prepare a comprehensive report on the state’s…
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reform
IMF keeps Egypt economic forecasts, sees FY21 inflation easing to 7.4%
The International Monetary Fund on Thursday confirmed its Egypt’s economic growth forecast of 5.9 percent this…
China reveals key interest rate reform to support a slowing economy
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for…
Egypt to achieve sustainable growth through 3 axes: dep-finmin
Egypt’s economic reform programme aims to achieve sustainable growth, return economic stability and create jobs…
IMF sees 6% medium-term growth for Egypt, single-digit inflation in 2020
The International Monetary Fund (IMF) said it expected Egypt’s economy to grow to around 6 percent over the medium…
U.S. demands regular review of China trade reform
The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a…
Egypt’s Qalaa Holdings to invest $1.7 billion in next 3 years
Qalaa Holdings, one of Egypt’s largest investment companies, plans to invest 30 billion Egyptian pounds ($1.7…
IMF team to visit Egypt this month for 4th scheme review
The International Monetary Fund said on Thursday a delegation will visti Egypt this month to complete fourth review…
Egypt makes fiscal progress under IMF reform programme: Analyst
Egypt has made fiscal progress under the International Monetary Fund reform programme, Credit Suisse International…
Tunisia ruling coalition fails to agree on economic reforms, cabinet reshuffle
Tunisia’s ruling coalition has failed to agree on a new economic reform plan and a cabinet reshuffle, officials…
Egypt closes €2 bln euro-denominated bond issuance: ministry
Egypt closed a €2 billion euro-denominated two-tranche bond issuance on Monday that was 3.8x oversubscribed, the…
Development of education in Egypt needs 220 bln pounds: Sisi
Egyptian President Abdel Fattah al-Sisi stated on Thursday that the reform and the development of education…
Moody’s expects growth in Egypt to accelerate to around 5% in 2019
Moody’s expects Egypt’s GDP growth to accelerate to around 5 percent by 2019 and 5.5 percent by 2021, up from 4.2…
Dollar firm on tax cut hopes, euro underpinned by rise in yields
The dollar was supported on Wednesday by expectations that the Trump administration’s tax reforms would pass…
Central bank of Egypt says balance of payments rise to $5.1 bln
The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to $5.1 billion…
European shares close after recovering the day’s losses; Steinhoff tanks 63%
European markets closed lower by a small margin Wednesday afternoon as investors reacted to a slump in global…
Dollar stalls as markets await next step in US tax reform
Dollar prices dipped on Tuesday, as investors waited to see how the next step of the U.S. tax reform legislation…
Trump seeks border wall, crackdown on unaccompanied minors for ‘Dreamer’ deal
U.S. President Donald Trump, who pledged to help protect young people known as “Dreamers” brought illegally to the…
US futures point to cautious open as solid third quarter winds down
U.S. stock index futures were set to open little changed Friday, the last trading day of a solid third quarter of…
Moody’s says Egypt economy still recovering from 2011 uprising
An international credit rating agency says Egypt's economy has started to improve but has yet to recover from the…
Stocks close at record highs as tech losses are offset by energy gains
U.S. stocks closed slightly higher on Wednesday, notching record highs, as a gain in the energy sector offset…
Asian shares slip following weaker-than-expected China data
Most major indexes in Asia were moderately lower on Thursday after the release of softer-than-expected China data.…
France’s Macron hails democracy in Athens, and takes a sideswipe at the IMF
French President Emmanuel Macron delivered an ambitious vision for how the European Union should reform, but used…
Trump rallies to fix ‘giant self-inflicted wound’ of US tax code
Calling the current U.S. tax code a giant self-inflicted wound, President Donald Trump made the case for tax reform…
Trump to begin big tax reform push next week, Gary Cohn says
President Donald Trump will start publicly campaigning for the tax reform plan next week, chief economic advisor…
Egypt’s anti-terrorism council to reform religious discourse: Sisi
Egypt's President Abdel Fattah al-Sisi issued a decree on 26 July officially establishing the National Council for…
Dollar catches breath after plunging on collapse of US healthcare bill
The dollar nursed losses on Wednesday after skidding to a 10-month low against a currency basket as Republican…
Philippines is aiming for an energy boom with Duterte’s latest reform
Philippine President Rodrigo Duterte's latest attempt to reform the Philippine economy is a major change for the…
Egypt’s government unveils new hikes in electricity prices by 42%
Egypt announced new hikes in electricity prices by up to 42 percent for households as part of a government reform…
Egypt assigns $8 bln for fuel subsidies in FY 2017-18 budget
Egypt has assigned 145 billion Egyptian pounds ($8 billion) for fuel subsidies and 80 billion pounds for…
Fed officials have been dipping their toes into the political waters
Officially, the Federal Reserve is trying to stay out of the political debate in Washington over tax reform and…
President Macron’s party seen on top in French parliament election: poll
French President Emmanuel Macron's party is expected to emerge with the most seats in June's parliamentary…
At a White House in crisis, Trump looks increasingly isolated
President Donald Trump’s fellow Republicans in Congress are showing signs of going their own way, both on…
Al-Azhar Grand Sheikh remains popular despite disagreements with Egyptian Sisi
His attendance at several events this week indicated that Al-Azhar Grand Sheikh Ahmed al-Tayyeb's popularity hasn't…
Trump will seek cutting corporate tax rate to 15%: Treasury’s Mnuchin
U.S. Treasury Secretary Steven Mnuchin confirmed Wednesday that the tax plan the Trump administration would outline…
Stocks close lower as Wall Street braces for French election
U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also…
Gold hits one-month peak as Trump healthcare failure hurts dollar
Gold rose over one percent to touch a one-month high on Monday as the dollar slid after President Donald Trump's…
European markets seen lower after Trump’s health-care setback
European markets are expected to open lower on Monday morning as investors adopt a cautious tone on the back of…
Trump pays taxes of $38 mln in 2005: White House
U.S. President Donald Trump paid $38 million in taxes on more than $150 million in income in 2005, the White House…
World Bank mission in Egypt to discuss improving business environment
Egypt’s Minister of Investment and International Cooperation Sahar Nasr met on Tuesday with a high-level mission…