INDICES
Egypt economy
-
IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy
EghtesadOnline: The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil.
-
Egypt Inflation Rate Eases Ahead of Expected Devaluation
EghtesadOnline: Egypt’s annual inflation rate dropped for the first time since March, providing a rare respite from soaring prices as officials prepare a devaluation to secure a $12 billion loan from the International Monetary Fund.
-
Lagarde Says Egypt Has More to Do to Seal $12 Billion Loan
EghtesadOnline: Egypt has “almost completed” the actions required for the International Monetary Fund’s board to review its $12 billion loan accord, but some measures related to the exchange rate and subsidies are still pending, Managing Director Christine Lagarde said on Saturday.
-
Egypt Stocks Surge on Bets Devaluation Will Drive Growth Rebound
EghtesadOnline: Egyptian stocks advanced the most in more than two months as investors bet that policy makers may devalue the country’s currency as soon as this week, luring back foreign investors and giving a lift to an embattled economy.
-
‘Super Rate Hike’ Still Seen in Egypt as Devaluation Looms
EghtesadOnline: Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase.