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Central bank offers $75 mn at currency auction

Central bank offers $75 mn at currency auction

The Central Bank of Egypt offered $75 million to banks on Thursday at its 11th foreign currency auction, the same…
Egypt, Qatar ministers continue talks on investment projects

Egypt, Qatar ministers continue talks on investment projects

The Qatari Finance Minister Youssef Hussein Kamal met with Egyptian Minister of Investment Osama Saleh on Thursday to discuss joint…
Central Bank: US$5 bn in foreign investments left Egypt in six months

Central Bank: US$5 bn in foreign investments left Egypt in six months

A total of US$5 billion in foreign investments left Egypt during the last six months, the Central Bank of Egypt…
Cabinet approves Islamic bonds draft law

Cabinet approves Islamic bonds draft law

The Cabinet approved a draft law on Islamic bonds after it was approved by other institutions, Finance Minister Morsy Hegazy…
Qatari PM says won’t let Egypt go bankrupt

Qatari PM says won’t let Egypt go bankrupt

Qatar's prime minister said on Tuesday his country would stand by Egypt and did not want to see it go…
UK delegation assures return of Mubarak assets, denies inaction

UK delegation assures return of Mubarak assets, denies inaction

A delegation of high-level UK officials are in Cairo this week to discuss the return of assets obtained illegally by…
World Bank appoints new Egypt country director

World Bank appoints new Egypt country director

The World Bank has appointed a new country director for Egypt, Yemen and Djibouti. Hartwig Schafer, the new director, will…
Islamic bonds law to be approved in days, says finance minister

Islamic bonds law to be approved in days, says finance minister

The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…
New finance minister supports IMF loan, lacks government experience

New finance minister supports IMF loan, lacks government experience

A public finance professor with an Islamic finance specialization, and no experience in government or politics, has been named the…
In promised dialogue on tax laws, serious discord

In promised dialogue on tax laws, serious discord

    A government-sponsored dialogue on Egypt’s controversial tax law changes turned into an airing of grievances by political party…
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