Latest in Tag: IMF Highlight
Latest in Tag: IMF
IMF delegation meets with Al-Wafd Party
Party suggests delaying economic reform programme for one year, tells IMF they âdo not trust governmentâ
Egyptâs Central Bank pumps $600m into Egyptian market in 30 minutes
Move intended to curb inflation
Breaking up
By: Philip Whitfield Cut and run, or duke it out â Morsiâs dilemma during the interregnum. Feuding inside the Muslim Brotherhood rages. Khairat El-Shater berates Morsi for pussyfooting around the Brothersâ project to control every facet of Egyptian life. El-Shater reportedly craves the top job, goading Morsi to call a snap election. According to Mark …
Economic expert slams Qatar aid
Central Bank denies receiving any details about Qatari bond purchase deal
Sabbahi opposes IMF loan
Opposition figures like Amr Hamzawy voice concerns about the loan
Al-Nour Party boycotts recent amendments to tax law
Salafi party accuses government of withholding information from public regarding pending IMF loan
IMF meets with opposition figures
Mohamed ElBaradei, Hamdeen Sabahy and Amr Hamzawy among opposition figures meeting International Monetary Fund delegation
Fitch Ratings: Qatar aid to Egypt âa positive sign of things to comeâ
Qatarâs support is an opportunity to increase foreign reserves, says ratings agency
Morsi to visit Russia next week
President will seek to pursue investment opportunities between the two nations during meetings with Russian counterpart Vladimir Putin
Egyptâs government withdraws new public budget from Shura Council
Removed draft budget showed that Egyptâs public spending for 2013-2014 fiscal year was set to reach EGP 616bn
Qandil arrives in Doha
An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects
Qandil announces draft of constitutional amendments
Constitutional experts to draft amendments for 10-15 articles
Ashton meets president, opposition figures
The EU High Representative for Foreign Affairs and Security Policy Catherine Ashton says she is concerned about sectarian violence in Egypt
I see a renaissance in the Arab world, not just a spring: Talal Abu Ghazaleh
Talal Abu Ghazaleh is the chairman and founder of the Talal Abu-Ghazaleh Organisation (TAG) and is known for promoting the concept of intellectual property rights in the Arab world. A Palestinian refugee, whose life is governed by âthe principle of the blessing of suffering, for suffering can become the greatest blessingâ, Abu Ghazaleh was granted a scholarship to study at the American University in Beirut (AUB), and he was the first student to get a scholarship from United Nations Relief and Works Agency (UNRWA).
US dollar soars to 8.25 Egyptian pounds on black market
New rate only weeks after hitting high at official exchange rates
Egypt seeks $465m Arab Monetary Fund loan
Delegation includes Minister of Finance Al-Morsi Hegazy and Central Bank of Egypt Governor Hesham Ramez
Economic experts condemn cooking gas cylinder price rises
One expert warns Egypt already in midst of âa revolution of the hungryâ, another calls the price rises âa ticking time bomb which will explode in the face of the governmentâ
IMF delegation returns to Cairo amid protests
Protestors marched from the High Court to the Cabinet to denounce the IMF loan
IMF delegation to arrive Wednesday
Economic expert: government is procrastinating until parliamentary elections take place
Government pursues foreign aid
Qatar, Turkey and Saudi Arabia prominent nations for giving Egypt financial aid, so far totalling $8.5bn
CBE: âForeign currency reserves did not declineâ
Egyptian Central Bank denies reports of commodity shortages, requests media to be cautious when discussing economic issues
Morsi raises customs tariffs on luxury goods
40% rate applied on goods including sunglasses, watches, nuts, boats and videogames
Hegazy: IMF delegation set to visit Egypt this week
Delegation seeking to draft quasi-final version of $4.8bn loan agreement between International Monetary Fund and Egypt
El-Haddad visits Berlin in push to secure EU aid
EU embassy in Cario denies media reports that EU warned Egypt aid could be cut if progress is not shown in the field of human rights
US State Department âworriedâ about violence in Egypt
State Department: Morsi has taken steps towards reform
Moody’s downgrade
Rating agency drops Egyptian government bond to Caa1 from B3
EIPR conference urges rethinking of World Bank strategy
Bank Information Centre and Egyptian Initiative for Personal Rights say the World Bank must do more to ensure future loans are used more effectively
French police raid IMF chief’s Paris home
The judges agreed to award Tapie 285 million euros (400 million euros once interest was added on) in compensation linked to his 1993 sale of the sports group Adidas.
US lawmakers seek to âredirectâ Egypt aid
American lawmakers express concern over Egyptâs current political status, future policies of Morsiâs Islamist government, Egyptâs relations with Israel, and acrimonious comments made by Morsi in 2010 about Jews
Renaissance
On Saturday, seven members of the Islamic group âPromotion of Virtue and Prevention of Viceâ in Suez, Egypt, decided to promote virtue by trying to whip a woman on the street due to her âun-Islamicâ dress. The woman took off her shoe and beat one of them with it while yelling at them, which caught …