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Development partners
Egypt seeking to push forward critical IMF deal in Washington
Finance Minister Mohamed Maait said an assistance package from the IMF is in the “final confirmation” stage.
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IMF sees Egypt’s real GDP growing to 6.6 % in 2022, lowers it to 4.4% in 2023
The International Monetary Fund (IMF) has revised its projections for Egypt’s real GDP growth in 2022 to 6.6 percent up from 5.9 percent it had expected in July, but lowered it for 2023 to 4.4 percent…
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Word Bank raises its growth forecast for MENA, praises Egypt’s resolve to control inflation
The World Bank expects Egypt’s economy to grow at a 4.8% clip in FY 2022-2023, according to its October MENA Economic Update (pdf).
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Agreement with Egypt could be reached within weeks: IMF Chief
The International Monetary Fund (IMF)'s managing director Kristalina Georgieva said a final agreement with Egypt about a new loan could possibly be reached within weeks.
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Orascom Construction to build, operate strategic warehouse in Egypt
Orascom Construction Plc has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own, and operate a strategic warehouse in Egypt's Fayoum governorate.
The strategic…
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Elsewedy Electric confirms EGP 2bn credit facility deals with 7 banks
Elsewedy Electric Co has announced it will sign the final agreement to obtain credit facilities from 7 banks
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Agreement with IMF may take a month or two: Finance Minister
Egypt is willing to reach an agreement to obtain finance from the International Monetary Fund (IMF) within a month or two, according to Finance Minister Mohamed Maait, reported by Bloomberg.
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Egypt’s talks for new loan from IMF progressing
Talks between Egypt and the International Monetary Fund (IMF) for new financing are still ongoing and achieving progress as per the set timeline, Director of the Middle East and Central Asia…
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AfCFTA should to be given more support at COP27: Afreximbank chair
President and Chairperson of the African Export-Import Bank (Afreximbank), Benedict Okey Oramah, emphasized that the African Continental Free Trade Area (AfCFTA) is a key solution that helps Africa…
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Egypt-ICF 2022 kicks off 60 days Ahead of COP27
The second edition of Egypt-ICF 2022 and the Meeting of African Ministers of Finance, Economy and Environment for COP27, kicked off on Wednesday at the New Administrative Capital. Egypt ICF200 is…
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