Egypt

    The Central Bank Egypt has agreed to take a $12 billion loan facility from the International Monetary Fund (IMF) for the implementation of quick economic reforms needed in the economy.

    Egypt's central bank left its key policy rates steady, as expected by most economist, saying the current rates were appropriate given the balance of risks surrounding the outlook for inflation and economic growth.

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    1. Egypt to issue $3 bln Eurobond in Sept-Oct, implement VAT by Sept
    2. Egypt Orange offered 4G licence for $400 million
    3. Egypt's central bank raises interest rates 100 basis points
    4. Eni announce new 'significant' gas discovery in Egypt
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