Washington, DC- Youssef Boutros Ghali, former Egyptian finance minister, said Egypt is not in need of another loan from the International Monetary Fund (IMF) but the country's government, though it is not weak, needs competencies and experienced (...)
Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday.
Amer added in an exclusive (...)
Washington, DC- Egyptian delegation to IMF spring meetings has signed an agreement with Euroclear, a Belgium-based financial services company, to facilitate purchase of government debt instruments that could reduce expenses for Egypt while (...)
Washington, DC- The International Monetary Fund (IMF) programme in Egypt is one of the successful stories that the fund is proud of, according to Hazem Beblawi, an executive director at IMF.
Beblawi told Daily News Egypt that Egypt has the right to (...)
Washington, DC- The economic indicators in Egypt have largely improved in the last two years, the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said on Friday.
The programme, which (...)
Washington, DC – "Egypt has made great progress under its reform programme. I think that what is remarkable is that there has been real ownership on the part of the Egyptian people who made huge sacrifices to restore a more stable situation and in (...)
Washington, DC- "I would like to see countries do well, and I would like to see Egypt do well. I take note that their unemployment rate has fallen to below 9%. The inflation rate has been falling, and so there are still big challenges faced by (...)
Washington, DC – Governor of the Central Bank of Egypt (CBE), Tarek Amer, said that the success of the Egyptian reform programme has exceeded all expectations according to world funding institutions.
In an exclusive interview with Daily News Egypt (...)
Washington, DC- Thousands of delegates and officials have arrived in Washington, DC, for the spring meetings of the International Monetary Fund (IMF) and World Bank, which is taking place from 8 to 14 April.
The spring meetings of the boards of (...)
Washington DC- David Malpass, the World Bank Group (WBG) president, said, "The WBG plays an increasingly vital role in leading on the global challenges that people face in developing countries. Our mission is clear and important. The bank's role is (...)
Washington DC – The International Monetary Fund's (IMF) Managing Director, Christine Lagarde, said, “Egypt has made a great progress under its programme. I think that what is remarkable is that there has been real ownership on the part of the (...)
Washington, DC – Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019, unchanged from its expectations in October 2018.
Further, the IMF expected that the country's (...)
Washington DC – The International Monetary Fund (IMF) Economic Counsellor and Director of the Research Department, Gita Gopinath, said, “One year ago, economic activity was accelerating in almost all regions of the world and the global economy was (...)
Washington DC – Gian Maria Milesi-Ferretti, the deputy director in the Research Department of the International Monetary Fund (IMF), told Daily News Egypt that Egypt's economy is doing well as it is growing at a very reasonable rate.
Milesi-Ferretti (...)
Tobias Adrian, financial counsellor at the International Monetary Fund (IMF), said that the markets sold off sharply late last year broadly across asset cases, amid growing signs of a slowing global economy and rising concerns about the US-China (...)
Washington DC– IMF has helped the countries through their economic difficulties, said Christine Lagarde Managing Director of the International Monetary Fund (IMF) on Wednesday.
Lagarde added that after 75 years of cooperation since the IMF was (...)
Egypt's Engineering Consulting Bureau (ECB) has contracted with Arabia Holding to manage the development of Sun Capital project in the Sixth of October City, west Cairo.
The Chairperson of the ECB, Mohamed Abdel Ghany, said that his bureau manages (...)
The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt's Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the (...)
Over 60 real estate companies competed to showcase their best projects in the Cityscape Egypt exhibition this month. The exhibition witnessed several new projects, along with a package of offers by exhibitors in order to gain the largest share of (...)
SAK Developments has succeeded in achieving sales of over EGP 200m during the Cityscape exhibition, which took place in the period from 27 to 30 March.
The CEO of SAK Developments, Ahmed Kadri, said the exhibition witnessed a considerable turnout of (...)
Sorouh Developments has achieved EGP 1.5bn in sales from the Entrada project in the New Administrative Capital (NAC), constituting 27% of the project's total units, according to Walaa Alami, a member of Sorouh's board of directors.
Entrada is (...)
New Plan Developments plans to invest EGP 8bn in three real estate projects in the New Administrative Capital (NAC).
Walid Khalil, founder of the company, said that they plan to direct EGP 3bn in investments for the construction of the company's (...)
The Six of October Development & Investment (SODIC) plans to direct EGP 3.7bn in projects' constructions in 2019, according to its Managing Director and board member, Maged Sherif.
Sherif told Daily News Egypt that the company is pumping EGP 1.45bn (...)
City Edge Developments (CED) launched its new project Baroque to be established in the R5 area at the New Administrative Capital (NAC).
The Baroque project is designed to revive the Khedivial Downtown Cairo with its architecture, gardens, (...)
Progate Development launched on Wednesday its first project at the New Administrative Capital (NAC) called Zavani with EGP 2bn investments, Mohab Fahmy, the chairperson of the company, said.
Fahmy's announcement came during the first day of the (...)
