Latest in Tag: International Monetary Fund Highlight
Latest in Tag: International Monetary Fund
Train of tax reform stops in the middle of the trip
Intense focus on the issues associated with the programme presented to the IMF at the expense of the rest of aspects
Egypt secures required finances to obtain IMF loan
Egypt will release dollar bonds at an interest rate of 6-6.5% by the end of October
IMF agreement to pave way for economic reform: CI Capital deputy CEO
Another devaluation of the Egyptian pound will be necessary to reflect its true value post-IMF deal
The currency’s devaluation is imminent: CEO of NI Capital
Most of economic experts agreed that the exchange rate will be EGP 11.5-12 to the US dollar
Negotiations with IMF are fruitful, first portion to be provided before year’s end: Finance Minister
VAT in FY 2016/2017 will render the state EGP 20bn and EGP 32bn in FY 2017/2018
Rasmala Group’s AUM stood at $1.1bn in December 2015: group chief executive
Rasmala to expand real estate business in the Middle East and other international markets
Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson
We are optimistic about the future of the Egyptian economy, especially following the government’s recently-adopted reform measures, says Seif Al-Nasr
Egypt would profit with social progress
Annual report of Social Progress Index for 2016 released in an attempt to redefine development indicators from a strictly economic approach
A vital autumn for Cairo’s policy-makers
Egypt has recently been the subject of a number of deeply unflattering articles in the international business media. Many criticisms have been levelled at the actions, and inaction, of Cairo’s economic policy-makers. These criticisms have not made many friends in Egypt—so I do not propose to repeat them. I also think that, like much …
Approval of the VAT is a historic achievement: IMF
Change in national tax code will affect all portions of society, unless explicitly exempted
Optimism amid crackdown on informal market stabilise unofficial currency exchange pool: Banker
Trading currency is becoming difficult and the price is seeing large variation due to the embargo on the currency mafia, says Abdel Aal
Egypt sees opening to become largest African economy
Though the top three seem to be in a constant back and forth, Egypt’s future growth prospects put it in a better position than the current continental leaders
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
EFIA supports IMF loan, says not enough
IMF loan needs to be facilitated, supported with economic reforms, such as increasing taxes, activating VAT policy, collecting old taxes, says Khamees
The IMF loan: a possible success or failure?
Some people adopt points of view based on a somewhat ideological basis. At the moment, some people either accept or refuse the idea of obtaining a loan from the International Monetary Fund (IMF), despite many countries having made good use of their loans—though some have not. While writing this article I discovered that Al-Youm Al-Sabea …
The Economist’s biased reports will not affect IMF deal: economists
Al-Sisi has gone “beret in hand” to the IMF for a $12bn bailout, says The Economist
International pressure builds on Egypt to liberalise exchange rate
A floating exchange rate is likely in Egypt’s future due to pressure from the IMF and the looming prospect of a Federal Reserve interest rate hike later this year
Daily News Egypt reveals negotiation points between IMF, Egypt over $12bn loan
Allowing the Egyptian pound’s exchange rate to move both directions based on supply and demand and deciding a timetable for the implementation of reforms under the fund’s supervision are among the topics to be negotiated
IMF loan best solution for Egypt at the moment: banking leaders
Egypt needs this particular loan in light of the suffering economy, says El-Qosayer
Financial stability is a key priority at the IMF, says Al-Mashat
Rania Al-Mashat talks to Daily News Egypt as she assumes new role as IMF senior advisor
IMF welcomes cooperation with Egypt to fund economic programme
It is hoped that this will achieve stability in Egypt’s financial markets, as well as realising targeted growth rates.
Egypt borrows from IMF to retain international confidence in economic stability: Al-Sisi
US dollar loses over 50 piastres on informal market, 5% jump on EGX during Wednesday trading
Egypt targets $21bn loan over 3 years to finance economic programme
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
US dollar loses over 50 piastres on informal market following announcement of $12bn loan from IMF
The US dollar is likely to see more depreciation in the coming period, says El-Etreby
Government may revise its economic reform programme with the IMF loan: El-Araby
The government may modify its programme that was previously submitted to the parliament in order to match the International Monetary Fund’s (IMF) negotiation requirements, according to Ashraf El-Araby, member of the Economic Committee in the House of Representatives and former adviser to the IMF. The parliament will then vote again to approve it. El-Araby added …
World economic downturn spares Middle East and North Africa for now
Worrying uncertainty and structural weakness inform depression in world economic growth, commodity prices buoy MENA, says IMF
IMF urges Italy to tackle slow growth and bank crisis
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
CBE governor claims report on IMF loan was incorrect
Reuters reported on Monday that Egypt is negotiating a loan worth $5bn; Amer denies to Daily News Egypt
Economic activities slow down in GCC countries in 2016: IMF
Drop in oil prices worldwide is an opportunity for Egypt to get rid of fuel subsidies gradually, says Masood Ahmed
Al-Sisi’s government engineers bold reforms, more structural adjustment required: IMF
Foreign investors applaud removal of subsidies, VAT, liberalised exchange rate, investment and banking reform, but demand more liberalisation policies from the Egyptian government