Egypt expects to receive a second installment, worth $1.2 billion, of a three-year International Monetary Fund loan in the second half of June. At a press conference, Finance Minister Amr el-Garhy announced that negotiations with [ More … ]
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that Egypt’s annual headline inflation rose to 29.6% in January from 24.3 %in the previous month, hitting its highest level after the country’s decision to [ More … ]
Saudi Arabia is ready to implement a region-wide value added tax, the cabinet said on Monday, giving final approval to the measure which will take effect next year. Cabinet “decided to approve the Unified Agreement [ More … ]
A delegation headed by Governor of the Central Bank of Egypt (CBE) Tarek Amer has left for London on a five-day visit to promote investment in Egypt. During the visit, the delegation will meet with [ More … ]
It was a hard day for Egyptian lawyers as neither their physical rights are protected after the Egypt’s Court of Cassation canceled the rule issued against the two police officers who tortured a lawyer to death, [ More … ]
Moody’s Credit Rating Scale Agency predicted in its most recent report on Egypt that the government will most likely fall short of its targeted budget deficit. Moody’s predicts that the budget deficit will reach 12% [ More … ]
In an interview with the International Monetary Fund (IMF) Managing Director Christine Lagarde, she told Reuters that she would be spending the next several days speaking with senior officials in a number of countries to persuade [ More … ]
Hours after an escalating crisis of the severe shortage of subsidized infant milk in Egypt, Egyptian Minister of Health Ahmed Emad said that the Egyptian Armed Forces pumped 30 million packages of infantry milk in [ More … ]
Egypt’s parliament approved a long-awaited law introducing a value-added tax (VAT) of 13 %, rising to 14% in the next fiscal year, a key part of the government’s economic reform ahead the IMF loan and [ More … ]
The Finance Minister Amr El Garhy and the Governor of the Central Bank of Egypt (CBE)Tarek Amer are currently in Washington, DC, for a round of talks with senior executives of the IMF on the [ More … ]
Egypt’s economic reform has been highlighted in a number of international economic financial events and government policies, but there are great measures and standards that need to be accomplished according to the International Monetary Fund. [ More … ]
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