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: 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: 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: 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 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: Egyptian Prime Minister Essam Sharaf expressed regret on Monday for a violent crackdown on demonstrators in Cairo at the weekend and said he had asked the minister of justice to investigate.
"All of us, the people, the army and the (...)
CAIRO: A steady stream of employees flowed into Cairo's financial district and customers queued to access their accounts on Sunday, the first day for the country's banks to open after a week-long closure due to political protests.
Bankers are (...)
CAIRO: Egyptian private equity firm Citadel Capital has begun consolidating its businesses after spurts of rapid growth, yet still plans an initial public offering (IPO) of one of its companies, its chairman said.
Since its founding in 2004, (...)