Egypt’s central bank raised its key interest rates by 200 basis points, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change, reported Reuters. At a [ More … ]
Recently, Gamal Mubarak, the son of Egypt’s autocratic President Hosni Mubarak who was overthrown by January Revolution in 2011, has shown up at a wedding, a funeral and a soccer match, happily snapping selfies with [ More … ]
In an interview with the International Monetary Fund (IMF) Managing Director Christine Lagarde, she told Reuters that she would be spending the next several days speaking with senior officials in a number of countries to persuade [ More … ]
Hours after an escalating crisis of the severe shortage of subsidized infant milk in Egypt, Egyptian Minister of Health Ahmed Emad said that the Egyptian Armed Forces pumped 30 million packages of infantry milk in [ More … ]
Egypt’s parliament approved a long-awaited law introducing a value-added tax (VAT) of 13 %, rising to 14% in the next fiscal year, a key part of the government’s economic reform ahead the IMF loan and [ More … ]
Ahead to reaching an agreement with the International Monetary Fund (IMF), Abdel Fattah al-Sisi warned Egyptians of hard days. Al-Sisi stated on Monday that tough measures would be needed to turn the country’s ailing economy [ More … ]
Copyright © 2016 | Middle East Observer