World
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Africa
6/21/2023 8:50:37 PM
Zambian President Hakainde Hichilema on Wednesday expressed confidence his government will secure a debt restructuring plan at talks with official creditors in Paris this week.
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Business
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Economy
6/20/2023 11:11:38 PM
The African Continental Free Trade Area (AfCFTA) Secretariat and United Bank for Africa (UBA) signed an agreement on Tuesday to provide financial support to small and medium enterprises (SMEs) within the AfCFTA in order to boost intra-Africa trade.
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World
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Region
6/18/2023 3:35:13 PM
The Israeli government approved on Sunday a draft decision to expedite settlement expansion procedures in the occupied West Bank, giving more authority to far-right Minister of Finance Bezalel Smotrich.
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Business
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Economy
6/17/2023 5:18:41 PM
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June, Egypt’s Minister of Finance Mohamed Maait said on Friday.
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Business
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Economy
6/15/2023 8:30:03 PM
Egypt has released $31.8 billion worth of goods from customs between January and May 2023 as the government moves forward with policies to end backlogs of imported commodities at ports, according to Minister of Finance Mohamed Maait.
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Business
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Energy
6/13/2023 2:03:20 PM
Mahmoud Mohieldin, UN climate change high-level champion for Egypt, trumpeted the ability of the Sharm El-Sheikh Adaptation Agenda (SAA) to help bridge the financing gap, the biggest challenge to implementing climate adaptation.
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World
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International
6/12/2023 1:16:58 PM
Switzerland's federal administration was under cyberattack on Monday, blocking access to the websites of several authorities and state-linked companies, the finance ministry said.
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Business
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Economy
6/11/2023 8:40:03 PM
The government should do its best to restrict foreign borrowing to very narrow limits, particularly as high-interest rates are now exerting tremendous pressure on the public finances of world economies, including Egypt, said Chairman of Egypt Parliament's Budget Committee Fakhri El-Fiqi.
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Business
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Economy
6/11/2023 6:17:11 PM
Egypt needs to create one million new jobs each year to accommodate its growing population and sustain economic growth, Minister of Finance Mohamed Maait said on Sunday during a panel discussion with the International Monetary Fund (IMF).
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World
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International
6/11/2023 5:23:21 PM
Former Scottish leader Nicola Sturgeon was on Sunday arrested as part of an investigation into financial irregularities, according to police and UK media.
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Business
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Economy
6/8/2023 3:20:21 PM
The Egyptian Ministry of Finance released explanatory rules for the customs tariff tables, according to a statement on Thursday.
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World
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Africa
6/6/2023 12:33:15 PM
Kenyan police fired tear gas and arrested 11 protesters, AFP journalists said, during a march in Nairobi on Tuesday against a new finance bill that critics say will pile more economic hardship on ordinary people.
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Egypt
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Health
6/4/2023 6:20:00 PM
Egypt's Minister of Finance and Head of the General Authority for the Universal Health Insurance System (UHIS), Mohamed Maait, announced on Sunday that the government plans to raise healthcare spending by 15 percent in FY 2023/24.
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World
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Region
6/4/2023 6:00:59 PM
Turkish President Recep Tayyip Erdogan announced late on Saturday a major reshuffle in his cabinet, appointing new ministers for foreign affairs, treasury and finance, defense and vice president.
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Business
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Economy
6/3/2023 7:40:51 PM
The Ministry of Finance has reduced the down payment importers have to pay in advance on customs fees from 30 to 1 percent of the total amount of fees owed in order to alleviate burdens on importers.
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Business
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Energy
6/2/2023 6:45:04 PM
Mahmoud Mohieldin, UN climate change high level champion for Egypt, said the second edition of the Africa Regional Forum on Climate Finance would discuss ways to finance and implement a number of climate projects in African countries.
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Egypt
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Foreign Affairs
6/1/2023 8:19:16 PM
Hilda Klemetsdal, Norway's ambassador to Cairo, said on Thursday that her country is providing a $3.5 million grant to finance youth employment projects in Egypt because it believes investing in youth and women is the "best investment" in the future.
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Business
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Economy
6/1/2023 3:10:25 PM
Egypt's Ministry of Irrigation and Water Resources has signed three agreements with the UN Food and Agriculture Organization (FAO) on water consumption rationalization projects financed by the Netherlands and Japan, read a cabinet statement on Thursday.
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Business
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Energy
5/31/2023 2:47:21 PM
Mahmoud Mohieldin, UN climate change high level champion for Egypt and UN special envoy on Financing 2030 Sustainable Development Agenda, advocated for substantial efforts to reform the global financing system to fulfil the needs of developing countries in tackling climate change.
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Business
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Economy
5/29/2023 3:28:48 PM
Banque Misr will receive a $260 million loan from the World Bank's (WB) financial arm, the International Finance Corporation (IFC) over five years to support micro, small, and medium-sized enterprises (MSMEs).
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