Tag: Egypt

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Egypt says IMF agrees to merge first two reviews of reform program

Editors Pick

The Business Files Reporter - September 24, 2023

Egypt said it had agreed with the International Monetary Fund (IMF) to merge the fund's first and second reviews of its economic reform programme,...

To raise scarce dollars, Egypt looks to pension plans, draft evaders

Economy

The Business Files Reporter - August 16, 2023

Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military service obligations and a U.S. dollar pension...

Analysis: Pressure builds on Egypt to devalue currency further

Editors Pick

The Business Files Reporter - March 29, 2023

The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past...

COP27: UAE and Egypt agree to build one of world’s biggest wind farms

Business

The Business Files Reporter - November 8, 2022

The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world's...

Popular

IMF predicts global public debt will be at 93% of GDP by end of 2024

The Business Files Reporter - October 21, 2024

World Bank’s Banga says more bilateral debt forgiveness needed

Africa October 18, 2024 0

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Business June 12, 2024 0

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Energy April 24, 2024 0

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa April 24, 2024 0

Africa's immense economic potential is being undermined by non-transparent...

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