The IMF praised Egypt's stimulus plan to revive the economy and welcomed support for the cash-strapped country from friendly Arab states, but said introducing much needed reforms to restructure the economy remains a challenge Egypt's government is (...)
The International Monetary Fund (IMF) is strongly committed to working with the new Egyptian authorities to support the Arab world's most populous nation in its "difficult transition" and is ready to send a mission to Cairo should the authorities (...)
Egypt is moving ahead with talks over a standby loan agreement with the International Monetary Fund (IMF) pending an updated national economic programme that guarantees key reforms will be successfully implemented to pave the way for growth, an IMF (...)
Egypt plans to present an updated programme to the IMF as it seeks to obtain a $4.8 billion loan after its initial economic plan was deemed 'weak' and 'not rigorous' by the international lender
Egypt is rushing to knock into shape an economic reform (...)
Negotiations between Egypt and the International Monetary Fund are not over yet, IMF chief Christine Lagarde told reporters in Washington on Thursday, saying more work was needed on an economic programme that the government had presented to qualify (...)
CAIRO: Omar Suleiman, the former spy chief now trying to run for the Egyptian presidency, says he wants the job to stop it going to the Islamist Muslim Brotherhood – but sees the Brotherhood playing a vital role in Egyptian politics.
A powerful (...)
CAIRO: Thousands of Egyptians packed into Cairo's Tahrir Square on Friday to protest against a run for the presidency by former intelligence chief Omar Suleiman, in an Islamist show of strength against Hosni Mubarak's old guard.
The Muslim (...)
CAIRO: On a warm Wednesday morning last October, around 500 Egyptian army officers based at the Air Defense Institute on the outskirts of Alexandria staged a mini revolt.
According to a lieutenant colonel with direct knowledge of the protest, the (...)
CAIRO: A bid for power by Hosni Mubarak's former intelligence chief is an insult to Egypt's revolution that, if successful, would trigger a second nationwide revolt, the Muslim Brotherhood's candidate for Egypt's presidency said.
In his first (...)
CAIRO: Egypt's Muslim Brotherhood has warned the government it will not support an IMF loan unless the terms are changed or it moves aside and allows a new administration to oversee how the funds are spent, its candidate for president said on (...)
CAIRO: The Muslim Brotherhood is locked in a power struggle with ruling generals over how much influence the army will have after civilians take over in three months time, a dispute that could decide whether democracy thrives after Hosni Mubarak's (...)
CAIRO: Talks over an International Monetary Fund loan for Egypt are continuing and will take a few weeks, rather than days, to conclude, IMF Middle East and Central Asia director Ahmed Masood told Reuters on Monday.
Egypt formally requested a (...)
CAIRO: The Egyptian Muslim Brotherhood's political wing supports Egypt's request for an IMF loan, but first it wants the government to produce a coherent plan to battle corruption and get costs under control, its economic policymakers say.
The (...)
CAIRO (Reuters): An Egyptian court on Sunday adjourned the trial of dozens of democracy activists including 16 Americans to April, raising hopes among their supporters that the case could be dropped to spare further damage to Egypt's ties with its (...)
CAIRO: Egypt's first presidential election since president Hosni Mubarak was overthrown last year will be held in the first week of June, an official at the judicial committee supervising the vote said.
Army leaders who took over from Mubarak in (...)
CAIRO: Shares in Orascom Telecom Media and Technology (OTMT) and Mobinil have been suspended pending issuance of a joint statement by Mobinil's shareholders, OTMT and France Telecom over Mobinil's fate, the bourse said on Sunday.
"The management (...)
CAIRO: Egypt's government will back down in a stand-off with Washington over US funding for civil society groups because allowing the dispute to drag on could jeopardize aid worth billions of dollars, two Egyptian officials said.
Nineteen (...)
CAIRO: A civilian council appointed to advise Egypt's military rulers said on Saturday preparations for a presidential election should begin on February 23, a step that would bring forward the presidential election from an expected June date.
The (...)
CAIRO: The cases of 40 people embroiled in a dispute over the activities of US-funded pro-democracy groups and other organizations have been transferred to the Cairo criminal court, a judicial source said on Sunday.
"The cases of 40 foreign and (...)
CAIRO: Protesters hurled rocks through clouds of tear gas and riot police fired live rounds on a second day of fighting around Egypt's Interior Ministry triggered by the deaths of 74 people in the country's worst soccer disaster.
A demonstrator (...)
CAIRO: The Muslim Brotherhood is devising a blueprint for a parliamentary democracy that would overturn Egypt's tradition of strong heads of state, flexing its muscles after emerging as the country's dominant political force.
The plan has emerged (...)
CAIRO: Egypt's negotiations for financial assistance from the International Monetary Fund (IMF) will take two to three months as the two sides work out technical details and how to bring other donors on board, an IMF director said on (...)
CAIRO: The International Monetary Fund (IMF) said on Tuesday it was still discussing with Egyptian authorities the timing of the IMF mission's visit, adding that economic measures the government had published in June represent possible benchmarks (...)
CAIRO: The International Monetary Fund (IMF) said on Tuesday it planned to meet with Egyptian authorities to discuss the country's economic problems but added that any funding would have to be based on benchmarks that had broad political (...)
CAIRO: Egypt's prime minister appealed to Group of Eight countries on Monday to help unlock billions of dollars in aid promised in September but not yet delivered under an initiative to support countries of the Arab spring.
Army-backed Prime (...)