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Egypt expects IMF loan final tranche in July – deputy finance minister

Egypt expects IMF loan final tranche in July – deputy finance minister

CAIRO, May 7 (Reuters) – Egypt expects, in principle, to receive the final tranche of about $2 billion of its…
US dollar rate in Egypt declines

US dollar rate in Egypt declines

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
Sisi brings economic change for the better: World Bank President

Sisi brings economic change for the better: World Bank President

President of the World Bank Group, David Malpass, said on Sunday that President Abdel Fattah al-Sisi has achieved economic and…
Egypt improves wages to reduce impact of economic reforms

Egypt improves wages to reduce impact of economic reforms

Egypt’s Finance Ministry announced that the government plans to reduce the impact of  financial and economic reforms on citizens in…
Egypt’s cabinet refutes claims of privatization of Suez Canal Authority

Egypt’s cabinet refutes claims of privatization of Suez Canal Authority

Egypt’s cabinet refuted on Thursday rumors of selling the Suez Canal Authority to privately-owned companies to establish funding for the…
Egypt’s economy seen growing 5.5 pct in year to end of June

Egypt’s economy seen growing 5.5 pct in year to end of June

CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains

Egypt’s Transport Ministry signs €157 million supply contract for Spanish trains

Egypt’s Ministry of Transport on Monday signed a €157 million purchase and supply contract for six new air-conditioned railway trains…
US investment fund to buy Egypt’s United Bank: CBE

US investment fund to buy Egypt’s United Bank: CBE

Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
China to invest US$5 billion in Egypt’s Suez Canal Economic Zone

China to invest US$5 billion in Egypt’s Suez Canal Economic Zone

A memorandum of understanding was signed between the Government of Tianjin and the General Authority of the Economic Zone of…
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