Abdel Latif Wahba

Egypt is working with the International Monetary Fund on reviewing targets and timelines for the implementation of its $8 billion loan program, Prime Minister Mostafa Madbouly said Wednesday.

Egypt is struggling to complete a large purchase of Russian wheat that was due to be loaded this month

Egypt is struggling to complete a large purchase of Russian wheat that was due to be loaded this month, raising questions about the dealmaking between two of the largest players in the market.

(Bloomberg) -- Egypt will begin receiving a delayed Russian shipment of 430,000 tons of wheat in November, Supply Minister Sherif Farouk told Bloomberg on Monday.

Egypt's talks with the International Monetary Fund are aimed at extending the implementation of measures called for under the country's $8 billion loan program, not to secure more funds, Prime Minister Mostafa Madbouly said Wednesday.

Egypt’s talks with the International Monetary Fund are aimed at extending the implementation of measures called for under the country’s $8 billion loan program, not to secure more funds, Prime Minister Mostafa Madbouly said Wednesday.

Egypt's program to offer stakes in state-held companies in various sectors will be reviewed in light of the current “extraordinary” circumstances the nation is facing, Prime Minister Mostafa Madbouly said Wednesday.

Ethiopian Airlines Group said it took only a minor hit from a more than 50% plunge in the country’s currency this year, shielded by income from its international routes.

Egypt has asked the International Monetary Fund to review the targets for the full duration of its $8 billion program, Prime Minister Mostafa Madbouly said.

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.