IMF Supports Egypt to Keep Economic Reform Program’s Gains

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced the fund's support for Egypt’s efforts to safeguard the achievements made by the economic reform program under the complete ...

Annual Headline Inflation Up to 14.1% by End-May: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 1.1% rise in Egypt’s annual headline inflation rate in May, hitting 14.1%, up from 13% a month earlier.

Egypt’s Debt to Drop to 74% of GDP by FY 2022/23: IMF

The International Monetary Fund (IMF) said on April 6 that Egypt's total public debt is expected to continue shrinking to nearly 74% of the gross domestic product (GDP) by 2022/23, on the back of the implementatio ...

Egypt Revenues Leap 35.5% in Q1 FY2018/19: Minister

Egypt's Finance Minister Mohamed Maait said that the state's revenues soared by 35.5% in Q1 of FY 2018/19, putting the government on track to achieve its targeted primary budget surplus of 2%

S&P Affirms Egypt’s B/B Credit Rating With Stable Outlook

Standard & Poor’s (S&P) Global Ratings affirmed on November 9 the "B/B" long- and short-term foreign and local currency sovereign credit ratings on Egypt with a stable outlook, reflecting the potential of raising ...

AfDB Invested USD 2.8 bn in 30 Egyptian-Based Projects Since 2016: President

The African Development Bank Group's (AfDB) President Akinwumi Adesin said the bank has invested up to USD 2.8 bn in 30 Egyptian-based projects since the country kicked off its economic reform program in 2016

World Bank Agrees on USD 3 bn Loan to Egypt

Egyptian Minister of Investment and International Cooperation Sahar Nasr revealed on October 16 that an agreement was reached with the World Bank (WB) to provide the country with a new funding of USD 3 bn during t ...

World Bank Praises Egypt’s Economic Program

Prime Minister Mostafa Madbouly has met with Merza Hasan, Executive Director And Dean Of The Board Of Executive Directors, to discuss recent updates on the development programs executed in cooperation between the ...

French Investments in Egypt Surpass EUR 4 bn: Nasr

Sahar Nasr, Minister of Investment and International Cooperation, has affirmed that France is one of the largest investors in Egypt as there are more than 160  French companies operating in the country with a tota ...

Egypt Parliament Approves Financial Leasing, Factoring Law

Egypt's parliament has approved on Saturday, June 23, a financial leasing and factoring bill in a general session headed by Parliament Speaker Ali Abdel Aal, in the presence of Minister of Investment and Internati ...

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