Financial institutions in Egypt
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The Egyptian Economy in 2016
2016: an opening for Egypt’s economy to recover or an entryway into a dark tunnel? International lending is threatened with the fate of Gulf aid.
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Egypt says it's in talks with China over $4B loan
Of the $4 billion, 3 would be spent on development projects, mostly power sector. The remaining $1 billion would be used to bolster foreign reserves.
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IMF sees 'productive' talks on Egypt loans with China, Saudi Arabia
IMF spokesman said that he expected the Fund's board to meet in the next few weeks to consider a $12 billion financing program for Egypt.
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CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by 2% by the end of 2016, says analyst.
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Egypt's new VAT now in force
President Sisi ratified the VAT and thus is officially implemented.
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Egypt receives first $1 bln tranche of World Bank loan
The World Bank has provided Egypt with the first $1 billion tranche of a $3 billion loan, as part of its support for the government's economic program
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Egypt’s approval of value-added tax is credit positive
Moody's Investors Service said Egypt's approval of the value-added tax is a credit positive despite being approved at 13% instead of 14%.
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US-Egypt Business Council supports government’s request for IMF loan
The successful implementation of this agreement will help Egypt transition to a more market-oriented economy with a robust private sector.
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Approval of the VAT is a historic achievement
Change in national tax code will affect all portions of society, unless explicitly exempted.
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SMEs may be the key for a better Egyptian economy
SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products.