Monday Minutes: Economic Snapshot

• Monday, 30th November 2020
• by Editorial Team

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience. November 22 – November 29 coverage The International Monetary Fund (IMF) and the World Bank (W...

Amer: CBE to Pay $750m to IOCs by June

• Monday, 29th May 2017
• by Dr. Mahinaz El-Baz

The governor of the Central Bank of Egypt (CBE), Tarek  Amer, said that the bank will pay $750m of arrears to International Oil Companies( IOCs) by June 2017. Amer mentioned that the bank already paid $750m earlier, a...

Egypt Devalued The EGP

• Thursday, 3rd November 2016
• by Egypt Oil & Gas

Egypt has devalued its currency by 48%, a measures that met a key demand by the International Monetary Fund (IMF) in order to secure a $12bn loan. The devaluation pegged the Egyptian pound at 13 to the dollar, up from...