Economic Reforms

  • Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla

    Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla

    Thursday, 13th June 2019

    Reforms within the Petroleum Sector helped raise the Egypt's economic growth rate from 2% to 5.5% and increase foreign exchange inflows to about $163.6 billion since 2015.

  • Egypt M&A Value Soars to $1.5B in 2018: Mergermarket

    Egypt M&A Value Soars to $1.5B in 2018: Mergermarket

    Sunday, 18th November 2018

    Egypt's mergers and acquisitions (M&A) value increased by 285.6%, reaching $1.5 billion in 2018 with a total of 14 deals, compared to $389 million in 2017 that had only 10 deals.

  • IMF Official: Egypt to Set Pace of Fuel-Subsidy Cuts

    IMF Official: Egypt to Set Pace of Fuel-Subsidy Cuts

    Sunday, 15th October 2017

    Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).

  • IMF Board to Review Egypt’s Loan

    IMF Board to Review Egypt’s Loan

    Sunday, 9th October 2016
    The $2.5b first tranche of the IMF's $12b loan will be made available to Egypt after the IMF’s executive board reviews the program, with the country’s funding package be presented to the fund’s executive board by the end of October or early November.
  • President Al Sisi Discussed Economic Reforms ahead of IMF Visit

    President Al Sisi Discussed Economic Reforms ahead of IMF Visit

    Sunday, 31st July 2016
    Egypt's President Abdel Fattah Al Sisi held a meeting with Prime Minister, Sherif Ismail, and members of the Economic Ministerial Committee to discuss economic developments, including the pending loan from the International Monetary Fund (IMF), ahead of the global financial institution's visit to Cairo.
  • Riyadh Approves National Transformation Plan

    Riyadh Approves National Transformation Plan

    Thursday, 9th June 2016
    Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet.