Egypt’s middle class cuts costs as IMF-backed reforms take hold

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CAIRO, Nov 17 — Egypt’s economy has been in crisis for years, but as the latest round of International Monetary Fund-bac...

Her remarks came as the IMF began a delayed review of its loan programme, which could unlock US$1.2 billion in new financing for Egypt.

Egyptian expatriates send about US$30 billion in remittances per year, a major source of foreign currency.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaEgyptPeruYemen

Topics: Egypt Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 11:29:05 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 23624861

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

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Year Established: 1896

Headquarters: Malaysia

News Last Updated: 21 hours ago

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