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Business
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Economy
10/23/2023 5:01:26 PM
Egypt is planning to issue a batch of $500 million yen-denominated Samurai bonds for the third time before the end of November, according to Minister of Finance Mohamed Maait on Sunday.
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Business
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Economy
10/21/2023 1:56:08 PM
The US budget deficit has widened to $1.7 trillion, government data showed on Friday, in a development that could add pressure on President Joe Biden as he seeks reelection in 2024.
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Business
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Economy
10/12/2023 4:57:31 PM
It is necessary and critical for Egypt to adopt a flexible regime for its exchange rate in order to protect its economy from the external shocks that are continuing to emerge, Jihad Azour, the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/10/2023 4:03:45 PM
The Central Bank of Egypt (CBE) is expected to reach an agreement with the International Monetary Fund (IMF) in early 2024 to peg the pound to a basket of international currencies and gold, according to Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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World
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International
9/24/2023 10:52:20 AM
President Joe Biden on Saturday blamed "a small group of extreme Republicans" for a budget impasse that has placed the US government a week away from a shutdown, urging the lawmakers to resolve the issue.
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World
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Region
9/21/2023 11:29:32 AM
Quake-hit Morocco's government announced on Wednesday a budget of more than $11 billion for reconstruction, rehousing and socio-economic development of areas hit by the deadly disaster.
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Business
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Economy
9/7/2023 5:37:26 PM
The Egyptian government seeks to collect $1.5 billion in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday.
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Business
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Economy
9/5/2023 9:23:12 PM
Egypt’s National Dialogue resumed sessions on Tuesday, with the economic committee debating the problems posed by high inflation, rising prices and a budget deficit.
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Business
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Economy
8/30/2023 6:56:39 PM
The Egyptian Cabinet approved issuing a second batch of $500 million yen-denominated Samurai bonds with a five-year tenor by the Ministry of Finance, according to a statement on Wednesday.
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Business
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Economy
8/24/2023 10:43:51 PM
Financial experts believe Egypt will gain enormous benefits from joining the BRICS bloc, including access to mechanisms which would help the country meet foreign currency crunches and budget deficits, in addition to strengthening confidence in its economy.
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Business
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Economy
8/20/2023 9:31:10 PM
The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.
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Business
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Economy
8/20/2023 2:09:59 PM
The Egyptian government has increased allocations to special funds and accounts in governorates, except for Cairo, by 32 percent for the fiscal year 2023/2024, in order to make payroll for state employees, Minister of Finance Mohamed Maait said Sunday.
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Business
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Economy
8/15/2023 6:27:53 PM
The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds on Tuesday, according to the bank's website.
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Business
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Economy
8/14/2023 4:27:15 PM
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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Business
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Economy
8/10/2023 4:01:25 PM
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent, Minister of Finance Mohamed Maait stated, according to a Cabinet statement on Thursday.
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World
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Africa
7/29/2023 8:18:38 PM
France has suspended all development aid and budgetary support to Niger following a military coup against President Mohamed Bazoum, the French foreign ministry said Saturday.
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Al-Ahram Weekly
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Egypt
7/29/2023 5:26:00 PM
New head of the Egyptian Tax Authority Fayez Al-Dabaani explains plans to achieve Egypt’s targeted tax revenues.
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Business
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Economy
7/26/2023 2:24:10 PM
The Central Bank of Egypt (CBE) auctioned EGP 83 billion ($2.7 billion) in treasury bills (T-bills) on Tuesday to finance the government's debt, with two maturities available.
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World
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Region
7/21/2023 6:13:59 PM
Saudi Arabia on Thursday signed agreements with Tunisia to provide $500 million to help finance Tunisia's state budget.
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