Patrick Werr News Today

CAIRO -Egypts Supreme Council of Antiquities held a ceremony to mark the completion of multi-year renovations to the grand 14th-century mosque of Altunbugha...

Egypt and the United Arab Emirates are still negotiating contracts for the massive Ras El Hekma development project on Egypts Mediterranean coast, a prominent representative of the Egyptian...

Egypts central bank kept its overnight interest rates steady on Thursday, as expected, saying that while economic growth had slowed, rising non-food inflation had offset a steady decline in food...

Egypt appears on track to break with past practice and let its currency float in line with IMF-backed reforms, but structural changes that could pull the country out of a cycle of bailouts look less...

Egypt has committed to addressing its recourse to central bank overdraft facilities and off-budget public sector activity, practices that have contributed to pressure on the currency and the exchange... -April 26, 2024 at 03:56 pm EDT - MarketScreener

EGYPT-ECONOMY/IMF (UPDATE 1, PIX):UPDATE 1-IMF says Egypt to address central bank overdrafts, off-budget activity

Egypts economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions, but growth will accelerate next... -April 23, 2024 at 01:42 pm EDT - MarketScreener

By Patrick Werr CAIRO (Reuters) - Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions, but growth will accelerate next year, a Reuters po...

By Patrick Werr CAIRO (Reuters) - Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions, but growth will accelerate next year, a Reuters po...

Egypt is committed to sustaining a flexible exchange rate to ensure the availability of foreign currency, the central banks deputy governor said on Thursday, a key condition under a $8 billion loan... -April 18, 2024 at 06:22 pm EDT - MarketScreener