Thursday 27 October 2022

The IMF lends Egypt $3 billion and announces its welcome to the Central Bank’s decisions

Washington- Eco - Fady Labib :  International Monetary Fund (IMF) staff and the Egyptian authorities have reached a staff-level agreement on comprehensive economic policies and reforms to be supported by a 46-month Extended Fund Facility (EFF) Arrangement of US$3 billion ...

The Central Bank of Egypt adopts a flexible exchange rate system and raises interest

 


Cairo - Eco - Fady Labib :  The global economy faced multiple shocks and challenges, the likes of which have not been seen in years. Recently, global markets have been subject to the COVID19 pandemic that put the world on lockdown, followed by the Russo-Ukraine conflict, which had dire economic ramifications. Consequently, Egypt weathered large capital outflows and rising commodity prices ...

The Pope blesses the Holy Family Pilgrimages in Egypt

Cairo –Eco –Nariman Yanny : Egypt’s Minister of Tourism, H.E. Yahia Rashed, has traveled to the Vatican along with a high-level deleg...

World news and markets powered by tradingview