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IMF’s mission to conclude by new subsidy cut, no taxes, job creation

The International Monetary Fund’s (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMF’s delegation will hold meetings with the leaders of the ministry of finance to discuss …

Shaimaa Al-Aees

ILO, Egypt sign protocol of for job creation project

The International Labour Organisation (ILO) signed a protocol worth $3.7m with Egypt’s Ministry of Investment and International Cooperation for a new project aimed at creating job opportunities and developing the private sector in Egypt, according to a Monday press release from the ministry. Peter Van Rooij, director of the ILO’s country office in Egypt, and Minister of …

Hagar Omran

Egypt begins economic recovery

Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest downturn in almost a year, with recovery in output, job creation, inflation levels, and demand

Nicholas Mehling

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