Minister of Finance Amr El-Garhy said that Egypt would receive the second tranche of the International Monetary Fund's (IMF) loan by the second half of June, worth $1.25bn. The total amount of the loan is $12bn.
The minister added, during a meeting (...)
During a conference held on Tuesday, Minister of Investment and International Cooperation Sahar Nasr said that the government is working to raise the rate of foreign direct investments (FDI) to more than $10bn in the next year.
Nasr added in the (...)
Minister of International Cooperation Sahar Nasr has signed an agreement with Leila Al-Mokaddem, the resident representative of The African Development Bank (AFDB), to provide a grant worth EGP 10m, allocated for developing ashwa'yat (informal (...)
Deputy minister of finance for monetary policies Ahmed Kojak said that the ministry is not going to issue any other treasury bonds in the current fiscal year (FY) 2016/2017.
He stated that the financial gap of the current FY is already covered, (...)
