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El Sisi pitches counterterrorism strategy, preaches tolerance during speech in Riyadh
Fighting terror with a four-point strategy: Egyptian President Abdel Fattah El Sisi urged Arab and Muslim leaders on Sunday to…
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US president Donald Trump to visit Egypt “very soon”
Expect The Donald in Omm El Donia “very soon”: US President Donald Trump met one-on-one with President Abdel Fattah El…
MPC hikes key interest rates 200 bps
The central bank unexpectedly hiked interest rates last night by 200 bps to a new recordhigh: The Central Bank of…
International news on 21 May 2017
Among the international news stories worth knowing about this morning: Reformer Hassan Rouhani has won re-election as Iran’s president in…
House Economics Committee and Finance Ministry form joint slush fund to review state slush funds
Task force to look into slush funds: The House of Representatives’ Economics Committee formed a joint task force with the…
IMF to disburse next EFF tranche to Egypt by mid-June?
The IMF’s Executive Board is expected review before mid-June its staff-levelagreement with Egypt on the next USD 1.25 bn tranche…
Interest payments are a “considerable drag on government finances,” but BMI sees borrowing costs easing as Egypt slashes deficit
Interest payments are a “considerable drag on government finances,” but BMI seesborrowing costs easing as Ismail government slashes deficit. BMI…
Rimco Investment increases stake in SODIC to 7.44%
Dubai-based Rimco EGT Investment increased its ownership of SODIC to 7.44% from 2.89%, according to a bourse disclosure. The company…
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