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Lawmakers could spike VAT hikes on inflation concerns
Inflation could put the brakes on VAT hikes: Lawmakers could spike proposals for a round of targeted VAT hikes amid…
NBE in talks for USD 600 mn facility
State-owned National Bank of Egypt (NBE) is in talks with an Asian development bank to borrow more than USD 600…
Gov’t wants to raise Africa exports to USD 7 bn in 2022
More African exports ahead: The government wants to increase the value of exports to Africa to USD 7 bn in…
Egypt’s remittance inflows on track to hit record high this year + outpace MENA peers
Remittance inflows to Egypt are on course to hit a record high this year as higher oil prices and the…
Last Night’s Talk Shows on covid booster shots
On last night’s talk shows: The Health Ministry’s announcement yesterday that it will soon start handing out booster shots got…
Egypt economy grows at fastest pace in 2 decades in 1Q
Egypt’s economy grew at its quickest pace in two decades in 1Q 2021-2022, as it continued to rebound from last…
AIIB approves USD 360 mn loan to support Egypt’s post-covid economy
We’re getting a USD 360 mn loan from AIIB: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has approved a USD…
Gov’t upgrades 2021-2022 growth forecast
The government is predicting growth of 5.6% in the current 2021-2022 fiscal year, Planning Minister Hala El Said said at…
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