Tag: Egypt

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

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

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

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

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...

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

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

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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