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Egypt hits 2-wk high after funding pledge

Egypt hits 2-wk high after funding pledge

The stock exchange hit a two-week high on Thursday after Qatar and Libya pledged US$5 billion in funding to a…
Egypt gets US$2 bn loan from Libya

Egypt gets US$2 bn loan from Libya

Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves,…
Barclays Egypt starts adopting expansion plans

Barclays Egypt starts adopting expansion plans

  Barclays Egypt has begun adopting its expansion plans to add more branches in Egypt this year, after it re-opened…
Egypt inflation jumps in March with rise in fuel and food prices

Egypt inflation jumps in March with rise in fuel and food prices

Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent, the…
Qatar pledges additional aid, gas deal for Egypt

Qatar pledges additional aid, gas deal for Egypt

Qatar will provide Egypt with natural gas to fill the gap in its energy sector, particularly as summer approaches, Qatari…
Egypt may ask for larger IMF loan, minister says

Egypt may ask for larger IMF loan, minister says

Egypt might ask the International Monetary Fund to increase a previously requested $4.8 billion (LE3.1 billion) loan to cover its…
Egypt mulls wheat imports from Kazakhstan

Egypt mulls wheat imports from Kazakhstan

Egypt is considering resuming wheat imports from Kazakhstan after a two-year hiatus, an adviser to the minister of supply said…
Scrapped capital gains tax another sign of slapdash economic policies

Scrapped capital gains tax another sign of slapdash economic policies

An abrupt implementation of a 10 percent capital gains tax on shareholders and investment funds that profited from the takeover…
Egypt scraps tax on dividends, investment gains

Egypt scraps tax on dividends, investment gains

Egypt will cancel a tax on stock dividends and investment gains from takeovers and will return revenue already levied on…
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill

Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill

A lawsuit filed against Egypt’s president and prime minister for raising the price of butane gas cylinders last week, claims…
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