Egypt’s finance minister expects disbursal of $1.6bln of IMF funding by end-December

Egypt’s finance minister expects disbursal of $1.6bln of IMF funding by end-December

Egypt's finance minister expects disbursal of $1.6bln of IMF funding by end-December The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2bln financing agreement    Egypt's Finance Minister Mohamed Maait gestures during a news conference in Cairo, Egypt July 17, 2019. CAIRO - Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by end-December, Finance Minister Mohamed Maiit said on Monday.The IMF said earlier this month it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing agreement.(Reporting by Nadine Awadalla and Nayera Abdullah; Editing by Leslie Adler) (([email protected];))Zawya Coveragemorning briefingTuesday Outlook: Gold rebounds from 5-month lows, Asian shares risemaritimeDubai-based Gulf Navigation's CFO resigns after less than three monthsoil and gasSaudi Aramco eyes new businesses, signs partnerships with six firmsreal estate2,000 villas, beach palaces on Dubai's The World Islands ready for handoveruae200 law firms in UAE sanctioned for anti-money laundering failuresMoreReuters CoveragelebanonWorld Bank sees Lebanon in prolonged depression, -19.2% growth in 2020metalsDon't mention iron ore: China and Australia dance around the big issue: RussellpoliticsBiden to introduce top economic advisers as pandemic threat worsensgrainsAustralian farmers tipped to harvest second-biggest wheat crop