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ML--Egypt-Economy - Yahoo News Tue, 08 Nov 2016 17:57:53 GMT

Yahoo News

ML--Egypt-Economy Yahoo News FILE -- In this Wednesday, Oct. 26, 2016 file photo, volunteers from the Kheir Zaman local supermarket sell a kilogram of sugar for 7.50 L.E. (0.84 US cents), in the Sayeda Zeinab neighborhood of Cairo, Egypt. The head of the International Monetary ... IMF Chief Hails Egypt Austerity, Urges Approval of $12B LoanNew York Times Saudi oil shipments to Egypt halted indefinitely, Egyptian officials sayReuters Egypt backs Russia and sparks unofficial Cold WarThe Ithacan Washington Post -OilPrice.com all 115 news articles »

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Egypt expects long-awaited IMF funds next week as currency slides - Reuters Tue, 08 Nov 2016 20:07:47 GMT

Reuters

Egypt expects long-awaited IMF funds next week as currency slides Reuters CAIRO Egypt expects to receive $2.75 billion in aid from the International Monetary Fund as early as next week, part of a $12 billion loan package it hopes will avert an economic crisis and halt a slide in its newly floated currency. Import-dependent ... Egypt has secured $6 billion bilateral financing required for IMF loanThe Fiscal Times all 24 news articles »

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Banks Offering Dollars Lure Egyptians From the Dark Side - Bloomberg Tue, 08 Nov 2016 14:24:24 GMT

Bloomberg

Banks Offering Dollars Lure Egyptians From the Dark Side Bloomberg Figures provided by the National Bank of Egypt and Banque Misr, the country's largest lenders, show the two have bought at least $50 million since Thursday. They have offered more than $80 million in import facilities in the first two working days this ... Kuwait's NBK says rising Egypt profit to offset currency impactReuters Egypt banks trade dollars EGP 17.8 on average, pound still weaker on black marketAhram Online Country wide Egypt sale: currency devaluation of 48%Travelweek The Australian all 24 news articles »

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IMF Chief to Recommend Board Approve $12 Billion Egypt Loan - Bloomberg Tue, 08 Nov 2016 16:00:18 GMT

Bloomberg

IMF Chief to Recommend Board Approve $12 Billion Egypt Loan Bloomberg The International Monetary Fund's managing director said Tuesday she would recommend the fund's board approve Egypt's $12 billion loan request, noting that the reform measures undertaken by the government were key to reviving the economy. The board ... Egypt ETF Plunges on Currency DevaluationNasdaq IMF board set to approve Egypt's $12 bln loan request on Nov. 11Reuters IMF to meet to decide on $12bn Egypt loan on FridayThe National Daily Mail -Ahram Online -The Fiscal Times all 34 news articles »

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Samukai Lauds Egypt for Multiple Scholarships, to Liberians - Liberian Daily Observer Wed, 09 Nov 2016 02:33:52 GMT

Liberian Daily Observer

Samukai Lauds Egypt for Multiple Scholarships, to Liberians Liberian Daily Observer Defense Minister Brownie J. Samukai Jr. has thanked the Egyptian Government and people for the invaluable support to the Liberian Defense sector over the years and making available several scholarships to the sector at a time when capacity enhancement ...

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Ancient Royal Boat Tomb Uncovered in Egypt - National Geographic Mon, 07 Nov 2016 18:29:46 GMT

National Geographic

Ancient Royal Boat Tomb Uncovered in Egypt National Geographic Archaeologists recently excavated the site of an ancient Egyptian boat burial. National Geographic grantee Josef Wegner and his team did this work while investigating the tomb complex of 12th dynasty King Senwosret III, located at Abydos in southern Egypt.

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Middle East|Egypt Floats Currency, Appeasing IMF at Risk of Enraging Poor - New York Times Thu, 03 Nov 2016 18:44:10 GMT

New York Times

Middle East|Egypt Floats Currency, Appeasing IMF at Risk of Enraging Poor New York Times CAIRO — Egypt's central bank on Thursday said it would soon allow the country's currency to trade freely, part of a broader effort to save a free-falling economy and combat an increasingly prevalent black market for American dollars. The move will ... Egypt just massively devalued its currency, and here's what happens nextBusiness Insider Egypt Floats Its Currency, Paving Way For An International BailoutNPR Egypt's Extremely Sensible Decision To Float The Pound - Greece Should Take NoteForbes Financial Times -Wall Street Journal -The Guardian all 234 news articles »

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Egyptian Stocks Rally as Currency Float Raises IMF Loan Hopes - Wall Street Journal Mon, 07 Nov 2016 16:17:17 GMT

Wall Street Journal

Egyptian Stocks Rally as Currency Float Raises IMF Loan Hopes Wall Street Journal DUBAI—Egyptian stocks rallied again Monday after its central bank floated the tightly managed local currency late last week, despite fears that the move could substantially raise the cost of living for ordinary Egyptians. Egypt's benchmark stock index ... Egypt to face pain before gain after massive currency devaluationReuters Egypt to Approach IMF in Days as Free Currency Trade DebutsBloomberg Egypt's Further Economic Good Sense - Cutting Fuel Subsidies As Well As Floating The PoundForbes Fox News -Christian Science Monitor -The Times of Israel all 211 news articles »

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TAKE A WALK THROUGH EGYPT: Grandview students go on chariot ride into history - Herald & Tribune Tue, 08 Nov 2016 20:23:15 GMT

Herald & Tribune

TAKE A WALK THROUGH EGYPT: Grandview students go on chariot ride into history Herald & Tribune “Our teacher told us we could choose what project we wanted to do,” explained Zoe Sanders, detailing the class' “Take a Walk Through Egypt” lesson that called for students to immerse themselves into a culture that brought the world everything from ...

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IMF board to discuss Egypt's $12 bln loan application on Nov. 11 -central ... - Reuters Tue, 08 Nov 2016 14:52:00 GMT

IMF board to discuss Egypt's $12 bln loan application on Nov. 11 -central ... Reuters Egypt negotiated the loan in August to support a package of economic reforms but the deal had yet to be finalised as the country was first required to secure $5-6 billion in bilateral financing. (Reporting by Asma AlSharif, Writing by Lin Noueihed ...