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Egypt haggles in the wheat market, manages to secure discounts
GASC, the world’s largest wheat trader, is flexing its muscles: Egypt’s haggling power in the global wheat market is back…
Gov’t approves agreement to transfer Tiran and Sanafir to Saudi Arabia, court approves
Has the endgame in the rift with KSA begun? The Ismail government approved an agreement to transfer the Tiran and…
CBE reports USD 1.9 bn BoP surplus in 1Q2016-17
Egypt’s balance of payments (BoP) recorded a surplus of USD 1.9 bn in 1Q2016-17, driven primarily by a net inflow…
CBE keeps interest rates on hold, allows companies to repay foreign currency debt over as many as to three years
CBE leaves interest rates unchanged, says it already moved preemptively: The central bank’s Monetary Policy Committee (MPC) decided to keep…
Gov’t approves investment law draft
Habemus investment act: The Ismail cabinet approved the final draft of the investment act at its meeting last Thursday and…
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