Mohamed Salah

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Latest by Mohamed Salah


Egypt updates its economic plan to obtain IMF loan

The government is in the process of updating the economic plan it presented to the International Monetary Fund (IMF) in an attempt to secure the $4.8 billion loan desperately sought by Egypt. “One part is to see, go back and revisit those measures that they had put on hold, which they need to reinstate” and …

Mohamed Salah

New finance minister to review sukuk law

The sovereign sukuk law is intended to organise the financing of the government, state budget, national projects and public institutions. It was released by the government but opposed by Al-Azhar and Islamic parties.

Mohamed Salah

Sukuk draft law released

The sovereign sukuk law released by the government is intended to organise the financing of the government, state budget, national projects and public institutions.

Mohamed Salah

IMF loan talks to resume

This loan will be a certificate of trust for the Egyptian economy, it proves that Egypt can repay its loans, so they can seek more loans

Mohamed Salah

CBE governor denies resignation

The governor of the Central Bank of Egypt (CBE) Farouk Al-Oqda denied tendering his resignation after attending the cabinet’s economic committee meeting Sunday. Rumours concerning the resignation of Al-Oqda spread after President Morsy’s meeting with Hisham Ramez, deputy governor of the CBE. State TV reported Saturday that Al-Oqda resigned and that he will be replaced …

Mohamed Salah

SCAF-instated CBE law modifications to be confirmed by Morsy

President Morsy will issue a declaration in a few days to amend 2 articles of the presidential decree number 64 for 2004 governing the Central Bank of Egypt, according to state-owned Al-Ahram. The cabinet has already approved the modification to the law that was issued by the Supreme Council of Armed Forces (SCAF) last year. …

Mohamed Salah

IMF deal approval delayed

The International Monetary Fund said that Egypt had asked to delay its request for a $4.8 billion loan agreed in November as violent protests mount in Cairo ahead of a referendum on the constitution

Mohamed Salah