Conservationists sound alarm over Egypt’s Red Sea development plans
Egypt’s efforts to boost its economy through Red Sea tourism development are facing backlash from conservationists, who warn the
The IMF is set to release a new loan agreement with Egypt for approval by its board, according to the global lender's communications chief. Last year, the IMF expanded its existing loan package from $3 billion to $8 billion to help Egypt strengthen its economy.
In December last year, a draft agreement was reached which would likely unlock an additional $1.2 billion to help the Egyptian economy as it deals with a number of economic challenges created by the war in Gaza.
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.