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Egypt, IMF make “excellent progress” on first, second loan reviews
The IMF and Egyptian authorities have agreed on the main elements of the program
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
THIS WEEKEND: Madbouly government downgrades Egypt’s growth forecast
Good morning, folks, and happy Friday. How is the second month of the year coming so close to an end?…
Maait unveils more details on the new Unified Budget Act
The amendments will help improve the state’s financial indicators
Arab International Company for Hotels and Tourism eyes asset sales to pay off debts. PLUS: Egyptian-Chinese cars by 2025, Egypt commits to Eni payments, MSC eye logistics investments, Real Estate Tax Authority + E-Tax, Banque Misr SME platform
Unconfirmed media reports in 2023 said that the company had received a USD 320 mn offer from a Qatari group…
Egyptians Abroad Investment Company could kick off operations this year
The government has tapped investment firm Zilla Capital to manage the company’s assets
Egyptian officials make the rounds during the World Governments Summit
Egyptian officials met with the IMF’s Kristalina Georgieva and World Bank President Ajay Banga
Egypt inching closer to new “large” IMF loan, says Fund chief
Georgieva said that the Fund’s talks with Egypt have been about a more flexible exchange rate, but not a float…
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