Today, Tuesday, the procedures for the fourth review of the Egyptian program by… International Monetary FundIntensive meetings are held between the Fund’s mission and officials in the Economic Group of the Ministry, who deal with files related to developments in the economic situation, macroeconomic indicators, and the targets of the financing program worth $8 one … Read more
Confirming that “The Seventh Day” was alone a few days ago with details of the general director’s visit International Monetary Fund For Egypt, Kristina Georgieva, Director General of the International Monetary Fund, arrived in Cairo, leading a high-level delegation from the main international institution, to review the economic indicators and the nature of the situation … Read more
06:52 PM Friday, November 1, 2024 Manal Al-Masry wrote:The International Monetary Fund expects headline inflation in Egypt to approach 16% by the end of the 2024/25 fiscal year, as base-year effects fade and the central bank continues to continued a tight monetary policy with high interest rates. Inflation rate accelerated in the last two months, … Read more
Egypt’s membership is considered to be a collection of “Brix“An opportunity for Egypt to strengthen economic relations with the BRICS countries, to increase the volume of trade with these large markets, as well as to attract more foreign direct investments to Egypt in many important sectors, as well as to increase the number of exports … Read more
Dubai United Arab Emirates (CNN) – Users of social media platforms interacted with the announcement by the Egyptian artist, Ahmed Saad, of a new initiative “From Himself” to contribute to helping the Egyptian economy recover in light of the crisis it is going through. Ahmed Saad said in a video he posted on his pages … Read more
Written by Hend Mukhtar Thursday, December 28, 2023 09:14 PM Dr. Mostafa Madbouly chaired, Prime MinisterThis evening, the Ministerial Economic Group meeting; To discuss and follow up on a number of economic files. Counselor Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, indicated that the meeting followed the performance indicators … Read more
The beginning of the crisis was at the end of last September, when the price exceeded 25 pounds per kilogram for the first time in Egypt’s history, which prompted the government at the time to issue a decision to stop the export of this commodity, which is a main ingredient in most Egyptians’ foods, for … Read more
Sunday, December 10, 2023 12:02 AM Great efforts are being made by Egypt to become a regional center for the trade and circulation of oil and natural gas. It has worked to achieve optimal economic benefit from all available natural resources and capabilities, diversify energy sources, and work to modify the energy mix, as well … Read more
Cairo, Egypt (CNN) – The Egyptian Stock Exchange achieved record levels during the last week’s sessions, as the main index rose by 7.61% to exceed the level of 23 thousand points for the first time in its history, rising by 59.35% since the beginning of the year, and the market capitalization gained 116 billion pounds. … Read more
Cairo, Egypt (CNN) – Morgan Stanley modified its view of Egyptian debt from “neutral” to “not favorable” due to the increase in the size of credit risks in the near term, attributing the reason for this to the continued burden of credit rating risks and the possibility of a rise in interest rates in the … Read more