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Budget deficit continues to narrow in 1H2017-18
Budget deficit continued to narrow in 1H2017-18: Egypt’s budget deficit declined to 4.4% of GDP in 1H2017-18, down from 5%…
Monthly inflation records lowest rate in over two years
Monthly inflation fell in December for the first time in two years, coming in at -0.2%, CAPMAS announced. The rate…
Afreximbank raises sharia-compliant USD 260 mn to support SMEs
The African Export-Import Bank (Afreximbank) raised around USD 260 mn through three sharia-compliant facilities to support SMEs, Reuters reports. Afreximbank…
Houthis threaten to block Red Sea shipping lane
Houthis threaten to block Red Sea shipping lane: Houthi rebels in Yemen have warned that they will block the critical…
Khaled Ali’s campaign hints at a possible boycott of elections due to “stringent conditions”
Khaled Ali’s campaign hints at a possible boycott of elections due to “stringent conditions”: Hala Fouda, manager of top human…
Agriculture Ministry forms committee to amend agriculture quarantine regulations
A step toward fixing our broken wheat policy? The Agriculture Ministry has formed a committee to amend agriculture quarantine regulations,…
Tourism Ministry expecting 2 mn Russian tourists this year
The Tourism Ministry is expecting 2 mn Russian tourists to visit the country this year, an source in the ministry…
Egypt pays USD 700 mn in debt owed to Paris Club
Egypt paid back USD 700 mn in debts it owed to the Paris Club this week, the central bank announced…
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