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Tag Archives: SISI

IMF preparing next billion dollar loan to Egypt

The International Monetary Fund on Friday said it had reached a staff-level agreement with Egypt for a one-year, $5.2 billion standby loan to help the North African country grapple with the novel coronavirus pandemic and its economic fallout. The agreement, which must be finalized by the Fund’s executive board, would …

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Egypt’s first ex-president, Mubarak, passes away

Former Egyptian President Hosni Mubarak – ousted by the military in 2011 – has died in Cairo at the age of 91. Mubarak spent three decades in office before a popular uprising swept Egypt. He was found guilty of complicity in the killing of protesters during the revolution. That conviction …

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Anti-torture conference planned for Egypt

Human rights activists on Thursday criticized a United Nations decision to hold a conference in Cairo on torture with an Egyptian state organization. “It’s illogical for a country where torture is systematic to host a conference on torture,” said Mohamed Zaree of the non-government Cairo Institute for Human Rights Studies. …

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Egypt planning major overhaul of VAT law

Egypt will form a committee to amend its value-added tax law, Finance Minister Mohamed Maait told reporters on Monday, without specifying what the changes may be. The VAT law is part of a reform program that formed the basis of a $12 billion, three-year loan agreed with the International Monetary …

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