Moshe Maimon, editor of the FUNDER website 10/02/2024 Summary of Moody’s announcement The main reason for downgrading Israel’s credit rating is Moody’s assessment of the consequences of the ongoing military conflict with Hamas, for its wide-ranging consequences, which substantially raise a risk to Israel and weaken the various institutions, the legislature and its fiscal strength. … Read more
The UAE government has confirmed its support for Pakistan by providing them with one billion US dollars, according to a tweet by Dar. He also stated that the State Bank of Pakistan is currently working on receiving the necessary documents to obtain the deposit from the UAE authorities. In addition, Dar announced that the Social … Read more
During the past hours, Al-Youm Al-Sabaa published a number of important news and reports, the most prominent of which was the announcement by the Wintershall Dea company that it had discovered a gas well in the exploration area east of Damanhour. The following is a summary of Egypt’s news at one o’clock in the afternoon. … Read more
04:11 PM Tuesday, January 10, 2023 I wrote – Shaima Hefzy: The International Monetary Fund (IMF) lowered its forecasts for the growth of the Egyptian economy during the current fiscal year, again, expecting it to grow by 4%, compared to an expected growth of 4.4% in a previous report last October. This came according to … Read more
01:52 PM Sunday, December 18, 2022 I wrote – Manal Al-Masry: Bankers, Masrawy spoke to, linked Egypt’s ability, represented by the Central Bank of Egypt, to follow a flexible exchange rate system for the pound against foreign currencies, with the presence of strong dollar flows to control the market, and adapting the requirements of the … Read more
The International Monetary Fund announced, in a meeting of the Executive Board, its approval to grant Egypt a loan of $3 billion for a period of 46 months. It is worth noting that, on October 27, it was announced that Egypt had reached an expert-level agreement with the International Monetary Fund regarding the comprehensive, 4-year … Read more
01:18 PM Thursday, December 15, 2022 I wrote – Manal Al-Masry: Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund, expected in an interview with CNBC Arabia that the fund’s board of directors would approve a loan to Egypt, during its meeting tomorrow, Friday. Azour explained that external … Read more
11:21 PM Wednesday 12 October 2022 Cairo – Masrawy: Minister of Finance, Dr. Mohamed Maait, said that all files related to the International Monetary Fund loan have been agreed upon, and we are working on the stage of final completion of the loan program. The minister added, during an interview with CNBC Arabic on the … Read more