Finance News
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Egypt expects $1.5 billion in loans
The loans from the World Bank and African Development Bank (AfDB) by the end of 2015.
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EBRD launches Women in Business programme in Egypt
the aim is to provide comprehensive package of financial and technical support for Egyptian women who are starting up or expanding their companies.
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Egypt expects $1.5 bn IMF, AfDB loans by end of 2015
Asked by Reuters when the World Bank and AfDB loans would arrive, Ismail said: "it will be before the end of 2015."
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Egypt's Ramez named best central bank governor in MENA
He was praised by the IMF and the World Bank for taking measures to improve Egypt's economy.
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How is Egypt competitive with UAE, Jordan?
ECES offers two scenarios in case Egypt improves in some competitiveness factors to match the best performing Arab countries.
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Improvements in Europe's economy provide tailwinds for growth in Egypt
Coordinated and scaled-up support from the international community is critical in stabilizing conditions in the region.
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Egypt raises taxes on airplane tickets
The tax is imposed on international flights leaving from Egypt only. This excludes flights coming to Egypt and internal flights.
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Egypt’s economy to require major external financing in next few years
IMF's ME and Central Asia Department Director Masood Ahmed claims that Egypt’s economy will require considerable external funding in the next years.
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Egypt's annual core inflation rate almost unchanged in September
The monthly core inflation rate inched up 0.79 percent in September compared to a decline of 0.23 percent in August.
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FACTBOX: Egypt and IMF
The history of relations between IMF and Egypt from 1945 and until Egypt requested a loan in 2012.
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Egypt International Reserves Fall for Third Consecutive Month
President Abdel-Fattah El-Sisi urged his government to cut back on imports to conserve foreign currency. Egypt imports about $60 billion annually.
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Egyptian economy hits 4.2% growth rate
The growth figure of 4.2% is an important accomplishment as the average was 2% in the previous three years, he added.
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Poor coordination between fiscal, monetary policies harms economy
Qasim: all currencies were devalued except the Egyptian pound, the latter which had no economic justification for retaining the status quo.
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Egypt’s stock market gains $500 million in September
Trading in September reached 26 billion Egyptian pounds against 20.2 billion Egyptian pounds in the month before.
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Egypt to raise $36bn in treasury bills, bonds
Public debt services’ expenses comprise around 28 percent of total public spending.
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Egypt’s government to raise 281.5B EGP from domestic market in Q2
The government has stated it is committed to pay off interests on public debt estimated at 244 billion EGP in the new budget, an increase of 25.1%.
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Egypt expects $12.58 billion in additional revenue for 2015/16
Dimian said that the implementation of a long awaited value-added tax (VAT) by the end of 2015 would help generate great additional revenue.
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Egypt gets $450m AfDB funding in 2015
The minister also stated that the ministry’s priorities include supporting the state’s budget as well as providing funding to stimulate growth.
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Egypt becomes focus of world’s attention
Banque Masr Chairman states that Egypt is a promising market for investments using new Suez Canal as an example.
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Egypt's core inflation slows to 5.6% in August
measures taken to reduce budget deficit like raising fuel prices have contributed to soaring pricing.