Egypt raises fuel prices as part of IMF-backed reforms CAIRO: Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the... Published 26 Jul, 2024 07:37am
World IMF approves $820mn as part of Egypt bailout WASHINGTON: The International Monetary Fund (IMF) announced the immediate disbursement of $820 million to the... Updated 30 Mar, 2024 08:26pm
Sports Egypt becomes latest host of FIFA’s new friendly series CAIRO: Egypt became the fifth country to be selected as host of a new series of friendly games introduced by FIFA to... Published 18 Mar, 2024 07:48pm
World World Bank group to provide Egypt with $6bn over three years CAIRO: The World Bank Group said on Monday it intends to provide more than $6 billion of support over the coming... Published 18 Mar, 2024 07:45pm
World Sisi heads to Saudi Arabia amid financial pressure, regional realignment CAIRO: Egyptian President Abdel Fattah al-Sisi is travelling to Saudi Arabia on Sunday, according to three ... Published 03 Apr, 2023 07:45am
Opinion Cash-strapped Egypt sells state assets to Gulf nations Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its... Published 16 Feb, 2023 06:53am
Business & Finance Egypt’s Suez Canal nets $8bn in new annual record CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in... Published 30 Jan, 2023 06:33am
World Egypt’s soaring prices drive home economic pain CAIRO: In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now there... Published 23 Jan, 2023 07:31am
Opinion Egypt dims lights to boost foreign reserves An economic crisis spurred by the Ukraine war is casting darkness upon Egypt’s streets, as the government dims... Published 29 Aug, 2022 05:44am
Markets Egypt gets Gulf help again as eyes turn to currency flexibility CAIRO: Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third... Published 04 Apr, 2022 05:26pm