IMF Approves $2.3 Billion Disbursement for Egypt

The IMF completed its review of Egypt's economic programs, unlocking $2.3 billion in funding to support the budget and implement reforms.

The International Monetary Fund announced on Wednesday the completion of two reviews of Egypt's economic reform program and another under the Flexibility and Sustainability Facility. This allows the country to withdraw about $2.3 billion. These funds will provide crucial support to the national budget and help implement key reforms.

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2026-02-26T04:21:04+00:00

Egypt's Al-Hamra Petroleum Terminal Starts Oil Trading

Egypt's Ministry of Petroleum announced the Al-Hamra Petroleum Terminal has started crude oil trading for third parties. The port is set to become a regional logistics center with a trading volume of 88 million barrels by 2026-2027.

Economy Events Country

2026-02-24T04:27:47+00:00

Suez Canal: Passage of the 'HUA RUI LONG' Vessel

The Suez Canal Authority reported the passage of the heavy cargo vessel 'HUA RUI LONG' on Monday. The ship is en route from Singapore to Denmark.

Economy Country

2026-02-23T21:38:12+00:00

Egyptian Passport Achieves Best Ranking Since 2014

The Egyptian passport has climbed to 81st place in the Henley & Partners 2025 index, marking the most significant improvement in 12 years. Holders can now travel visa-free to 50 countries worldwide.

Economy Politics Country

2026-02-23T21:31:16+00:00

The Health Benefits of Hibiscus

Hibiscus is a popular Ramadan drink that helps hydrate the body, regulate blood pressure, and support heart health due to its antioxidant and anti-inflammatory properties. Learn about its benefits for digestion, immunity, and weight loss.

Health Economy Country