#IMF loan
Egypt reaches initial US$12 billion agreement with IMF
Egypt and the International Monetary Fund (IMF) reached a staff-level agreement on a three-year US$12 billion loan on Thursday.
3 دقيقة قراءة
تصنيف
Economy
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#electricity prices
Brace yourselves for higher electricity prices
Bills for most household consumers in Egypt will go up by at least a third, according to new electricity prices announced this week.
Isabel Esterman
3 دقيقة قراءة
#foreign reserves
Foreign reserves fall to US$15.5 bn, as Egypt repays loans
The $2 billion decrease in foreign currency reserves came as Egypt repaid outstanding loans and deposits, including its twice-annual repayment of $715…
2 دقيقة قراءة
#black market
More raids on exchange bureaus as Egypt tries to crush black market
In the latest move in a campaign to stamp out Egypt’s currency black market, the Central Bank of Egypt on Sunday revoked…
4 دقيقة قراءة
#wheat reserves
Prosecutor: Corrupt officials, traders collected LE533 million for nonexistent wheat
Officials and traders manipulating domestic wheat supply pocketed LE533 million by falsifying documents to collect government payments, Egypt’s general prosecution announced on…
2 دقيقة قراءة
#New Suez Canal
1 year on: Where does ‘New Suez Canal’ stand?
While there have been benefits, a year has proven that the Suez Canal expansion's minor gains represent a Pyrrhic victory, with the expansion at best not stemming a widening balance…
Pesha Magid
5 دقيقة قراءة
رأي
Ayman Ismail
13 simple truths about the economy
«You cannot attract foreign investors if you can't keep your local investors.»
اقرأ →
#Finance Ministry
What Egypt’s Finance Ministry didn’t say about VAT
As Egypt’s Parliament convenes to discuss the controversial value-added tax law, Egypt’s Ministry of Finance has taken pains to present the law as a moderate reform that will have little…
Beesan Kassab
5 دقيقة قراءة
#IMF loan
Sisi sets the stage for austerity measures
“The state cannot achieve its goals without working with the public,” Sisi said, questioning whether people are prepared to accept “harsh” measures.
2 دقيقة قراءة
#IMF loan
IMF delegation arrives in Egypt to discuss conditions for $12 billion loan
An IMF delegation arrived in Cairo to discuss conditions for a US$12 billion, three-year economic program.
2 دقيقة قراءة
#interest rates
Central Bank keeps interest rates on hold
The Central Bank of Egypt’s monetary policy committee elected to leave its benchmark interest rates unchanged.
2 دقيقة قراءة
#poverty
Household survey highlights rise in poverty, inequality in Egypt
More than 25 million Egyptians have lived on fewer than LE482 per month in 2015, according to CAPMAS.
3 دقيقة قراءة
#IMF loan
Egypt seeks US$12 billion IMF loan, but at what cost?
After months of denial, officials announce Egypt is seeking a loan from the IMF, but at what cost?
Mohamed Hamama
5 دقيقة قراءة
#private sector
Report: Political instability, poor access to finance hold back Egypt’s private sector
Political instability, poor access to finance and unreliable electricity are the top obstacles to Egyptian private sector companies.
4 دقيقة قراءة
#real estate
Egyptians among top investors in Dubai property market
Egyptians contributed AED1.37 billion (US$373 million) to Dubai’s real estate investment market in the first half of 2016.
2 دقيقة قراءة
#foreign currency shortages
Dollar breaks LE12 barrier on black market, keeps rising
The Egyptian pound's value fell on the black market, exceeding LE12 to the US dollar for the first time.
2 دقيقة قراءة
#VAT
Egypt’s value-added tax, explained
What's in Egypt's new value added tax, and how will it affect consumers? We tackle your questions about VAT.
Mohamed Hamama
9 دقيقة قراءة
#public spending
A visual guide to the 2016/17 budget
Egypt’s Ministry of Finance has released a breakdown of revenue and spending in the budget for the 2016/17 fiscal year.
Isabel Esterman
5 دقيقة قراءة
#tourism
Tourist arrivals to Egypt down by half in May
More tourist dollars flowed out of Egypt than in, with Egyptians spending US$1.2 billion on outbound travel.
2 دقيقة قراءة
رأي
Amr Adly
Objective notes on Hesham Geneina’s corruption report
«Carnegie Middle East Center scholar Amr Adly on what the former auditor's report reveals about corruption in Egypt.»
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