NBK Sees COVID-19 Scars on Egyptian Economy Worn Off
The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.
Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat
Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of whi ...
Foreign Reserves Hit USD 39.2 bn by November-End: CBE
The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.
Egypt Among World’s 10 Fastest-Growing Economies in 2020: Bloomberg
US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic refor ...
Egypt Receives USD 2.8 bn IMF Loan
Egypt received USD 2.8 bn from the International Monetary Fund’s (IMF) Rapid Financing Instrument on May 12, the Middle East News Agency (MENA) reports.
IMF Approves USD 2.8 bn in Pandemic Aid to Egypt
The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.
Egypt in Talks With IMF Over Financial Assistance Amid COVID-19
Prime Minister Mostafa Madbouly said on April 26 that Egypt is in launch talks with International Monetary Fund (IMF) for a financial assistance deal as well as technical support to cushion the pandemic's negative ...
Egypt in Talks for New IMF Deal
Egypt is holding talks with the International Monetary Fund (IMF) over a non-financial structural reform program, which will be focusing on abolishing bureaucracy to lure more private investments
CBE Makes 3rd Interest Rate Cut Amid Low Inflation Rates
The Central Bank of Egypt (CBE) has made the third consecutive cut to key rates by 1%, a step coming shortly after the annual headline inflation rate hit its lowest level in 14 years and logged 3.1% in October, co ...
Headline Inflation Falls in September to Ease More Interest Cuts
Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and chart ...
