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Business
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Economy
1/3/2012 12:19:43 PM
Budget lays out plans for 36,000 new public sector jobs in response to last year's protests, with oil and gas revenues to cover 80 per cent of spending
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Business
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Economy
1/2/2012 1:39:36 PM
Steel, cement and ceramics makers will pay a third more for gas and electricity as part of a government plan to shave LE20 billion from the country's budget deficit
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Business
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Economy
1/2/2012 12:27:34 PM
Cradle of the Arab uprisings announces a 7.5 per cent annual rise in state spending and predicts solid economic expansion in the coming year
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Heritage
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Ancient Egypt
12/28/2011 1:02:20 PM
By exempting small business owners at touristic sites from back rent and setting aside additional funds for medical care of ministry staff, the MSA's administration council is dealing with financial and industry realities
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Business
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Economy
12/28/2011 12:46:37 PM
IMF says it will meet with Egyptian authorities in January to discuss the country's problems and possible solutions
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Business
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Economy
12/27/2011 11:05:29 AM
Revenues are forecast at $187 billion, while expenditure is projected at $184 billion, allowing for a $3 billion surplus in 2012, still significantly lower than $69.7 billion surplus realised in 2011
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Business
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Economy
12/26/2011 6:02:35 PM
Construction stocks drive the Saudi market upwards, Qatar slips 0.4 per cent from Sunday's 37-week high on profit taking
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Business
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Economy
12/26/2011 1:38:35 PM
The planned expenditures translates to a budget deficit of $498.23 million
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Business
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Economy
12/25/2011 4:12:42 PM
Budget deficit could go up to LE182 billion, 11.7 per cent of GDP, which entails a funding gap of some $12 billion; forcing Egypt to resort to foreign borrowing
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World
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International
12/22/2011 4:27:59 PM
Prime Minsiter Mario Monti says Italy will 'hold its head high again' after the parliament's confidence vote for tough austerity measures, including spending cuts, tax rises and pension reforms to revers the market collapse
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Business
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Economy
12/22/2011 2:02:00 PM
Three-wheeled motor vehicles to be slapped with 15% import tax like their four-wheeled counterparts
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Business
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Economy
12/20/2011 3:06:05 PM
Egypt's cabinet approves plan to cut subsidies to energy-intensive industries but final decision requires approval of military rulers
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Business
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Economy
12/20/2011 1:23:25 PM
Savings of LE20-22 billion to include maximum wage in government and public sectors, and tax rise on imported cigarettes
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Business
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Economy
12/20/2011 12:25:24 PM
Despite commodity subsidies costing the government over $2 billion a year, country's parliament last week rejected a central bank plan to gradually remove fuel subsidies
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Business
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Economy
12/19/2011 6:07:52 PM
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Business
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Economy
12/14/2011 2:49:13 PM
Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programmes, says IMF head
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Business
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Economy
12/14/2011 1:58:29 PM
Central bank to auction $1 billion in one-year, dollar-denominated t-bills next week in effort to finance mounting budget deficit
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Business
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Economy
12/12/2011 12:20:52 PM
Ganzouri says new revenue streams are needed and an IMF loan is still a possibility, during Sunday's televised speech
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World
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International
12/10/2011 4:36:18 PM
The US defense secretary will officially proclaim the results of the US strategic review to regulate the Pentagon's budget
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Business
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Economy
12/10/2011 1:51:32 PM
Finance minister says government will avoid further widening so as not to lose its investment grade
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