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 Aids Egypt’s Foreign Investments Soar by EGP 14 bn in Renewables

The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private secto ...

Egypt’s Annual Headline Inflation Rises in September

Egypt’s annual urban consumer inflation rose to 15.97% in September from 14.24% in August, yet it dropped by 17% from 32.9% recorded in the same month last year

Bahrain Agrees on USD 10 bn Aid Deal With Gulf Neighbors

Saudi Arabia, Kuwait, and UAE have signed on October 4 a financial support agreement worth USD 10 bn with Bahrain to aid the country's funding requirements as it embarks on a fiscal program aimed at eliminating it ...

Net Foreign Reserves Hit USD 44.45 bn by End of September: CBE

Egypt's net foreign reserves continued its upward trend and surged to USD 44.459 bn at the end of September, compared to USD 44.419 bn a month earlier

AMF Expects Egypt’s Economy to Grow in 2018, 2019

The Arab Monetary Fund (AMF) expected the Egyptian economy to grow by 5% and 5.5% in 2018 and 2019 respectively, on the back of the country's ongoing economic reform program

Egypt’s Economy is Showing Strong Signs of Recovery: IMF

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), revealed that Egypt's economy is witnessing strong signs of recovery

Moody’s Changes Outlook on Egypt’s Ratings to Positive

Moody's Investors Service, a leading credit rating agency, has changed the outlook Egypt's long-term issuer ratings to positive from stable and has affirmed the B3 issuer ratings

IMF Praises Egypt’s Economic Reforms

The International Monetary Fund (IMF) has praised Egypt’s economic reforms during its third review of the country’s loan program

Egypt’s Foreign Reserves Climb to New Record at End-May

Egypt’s net foreign reserves rose to USD 44.14 bn at the end of May compared to USD 44.03 bn recorded at the end of April

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