As Egypt continues to bolster foreign reserves and prepare for about $14 billion of foreign debt repayments in 2018, the central bank governor said that Egypt signed an expanded $3.2 billion financing deal with foreign banks, according [ More … ]
As Muslims’ holy month Ramadan is on its way, most Muslims families around the world pay great attention and time to afford different types of foods that they will consume to compensate for the long [ More … ]
Egypt’s central bank raised its key interest rates by 200 basis points, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change, reported Reuters. At a [ More … ]
The Central Bank of Egypt (CBE) announced at the beginning of April that the Egyptian public debt has increased significantly. The CBE’s statement showed that the size of Egypt’s foreign debt increased by $19.522 billion in [ More … ]
In a press conference, the Pharmacists Syndicate confirmed that it will go on a six-hour strike on 15 January in protest against to the government’s decision to not increase profit margins for pharmacies. The syndicate said it took [ More … ]
The International Monetary Fund’s executive board has approved Egypt’s request to secure $12 billion loan facility after Egypt met its requirements to implement tough measures to revive its floundering economy, reported the Wall Street Journal. [ More … ]
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