IMF's concludes Egypt's economic program 2nd review, praises economic performance

Thu, 24 Jun 2021 - 03:08 GMT

The second review allows the authorities to draw the equivalent of SDR 1,158.04 million (about US$1.7 billion), bringing total purchases under the SBA to SDR 3,763.64 million (about US$ 5.4 billion, 184.8 percent of quota).

Egypt to receive $1.6B from IMF following 2nd review of economic program

Wed, 26 May 2021 - 12:38 GMT

This came after an International Monetary Fund (IMF) team led by Celine Allard held a virtual mission from May 4 to 24, 2021 with the Egyptian authorities. The mission held discussions on the 2021 Article IV Consultation with Egypt and the second review of Egypt’s economic program supported by the IMF’s 12-month Stand-by Arrangement.

Moody's completes periodic review of Egypt

Tue, 15 Dec 2020 - 02:13 GMT

“The credit profile of Egypt (issuer rating B2) is supported by "a3" economic strength, reflecting the country's large and diversified economy," it added.

EGX finalizes semi-annual indices review to be applied on Tuesday

Wed, 29 Jul 2020 - 03:55 GMT

The reviews monitor the change in the trading values ​​of the listed shares and the free trading rate, according to the methodologies for each indicator.

The Perfect Culinary Score

Sat, 06 Oct 2018 - 05:09 GMT

Football, a pool table and great food are must-haves for sports bars; and Le Méridien Cairo Airport Hotel has it just right.

Egypt’s reform started to reap results: IMF

Tue, 08 May 2018 - 03:30 GMT

First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton said growth is at the highest rate since 2008.

IMF delegation to visit Egypt next week for program’s review

Wed, 02 May 2018 - 12:12 GMT

An International Monetary Fund (IMF) delegation will arrive in Cairo next week to review Egypt’s progress on economic reforms.

How love works beyond the Time of Cholera

Tue, 06 Mar 2018 - 06:54 GMT

The florescent language and descriptions are definitely signature Garcia Marquez, but the characters aren’t.

Sabea Gar: A Wake-up Call or Just Cheap Thrills?

Fri, 02 Feb 2018 - 07:58 GMT

Arguably the most talked-about serial of the year, Sabea Gar (Seventh Neighbor) is stirring up mixed reactions. But is it really holding up a mirror to society as some claim, or just laying on the shock factor to rack up ratings?

Business news wrap-up

Sat, 28 Oct 2017 - 05:37 GMT

A wrap-up for the most prominent business news of the day.

PM reviews negotiations with IMF, economic indicators

Sat, 28 Oct 2017 - 05:11 GMT

Finance Minister said that meetings with the IMF mission were positive and great progress in the negotiations on the performance review was made.

Egypt to brief IMF on positive economic indicators

Thu, 26 Oct 2017 - 11:36 GMT

An IMF delegation is currently in Egypt for a second review of Egypt’s reform program, before it disperses the third installment of the loan program.

et Review: Dine in Style at Aqua e Luce

Wed, 11 Oct 2017 - 02:16 GMT

Aqua e Luce pays homage to Brazilian cuisine every Thursday, and we couldn’t have asked for a more delicious celebration of flavors.

IMF chief of mission in Cairo to meet CBE governor, Garhy

Sun, 01 Oct 2017 - 01:14 GMT

Governor of the Central Bank of Egypt (CBE) Tarek Amer will also meet Lall during his three-day visit.

IMF sees inflation, subsidies as challenges: Pharos Holding

Wed, 27 Sep 2017 - 11:46 GMT

Pharos Holding’s economist Ramy Oraby said that the fund has stressed on the importance of taking further structural reforms.

Italian Indulgence at Vivo Restaurant

Sun, 10 Sep 2017 - 07:56 GMT

An Italian experience in front of the Egyptian Nile.

Jihad Al-Khazen: Cutting military aid from Egypt is an iniquity

Thu, 07 Sep 2017 - 04:31 GMT

Lebanese columnist Jihad Al-Khazen wrote an article on Thursday for Al Hayah newspaper criticizing The Washington Post‘s media coverage of the American decision to cut aid to Egypt.

My Condition Is Joy: Choosing Earth over Heaven

Wed, 09 Aug 2017 - 02:05 GMT

The title of Ashraf el Sabbagh's latest novel is ambiguous, but once we reach the phrase said by the daring female character seducing our hero in the novel.

Dalida Movie: Love over Balance?

Fri, 28 Jul 2017 - 01:03 GMT

When I decided to watch Lisa Azuelos’s movie Dalida, I did not know what to expect exactly

Topics tackled by Egyptian columnists on Monday

Mon, 24 Jul 2017 - 11:56 GMT

Arab columnists tackled many topics on Monday, covering the Arab-Qatari rift, the 65th anniversary of Egypt’s July 23 revolution.