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World
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Region
5/27/2023 3:30:18 PM
The United Nations announced Saturday that it will suspend a plan to begin making aid payments to Syrian refugees in crisis-wracked Lebanon in dollars, after pushback from Lebanese officials.
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World
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Africa
5/24/2023 6:39:56 PM
The World Food Program (WFP) on Wednesday appealed for 810 million US dollars over the next six months to scale up humanitarian assistance for millions of people in the Horn of Africa who are trapped in a hunger emergency.
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Business
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Economy
5/17/2023 3:10:00 PM
Egypt has been considering importing wheat in exchange for foreign currencies other than the USD, including the Indian rupee and Chinese yuan, Minister of Supply and Internal Trade Ali Moselhi stated in April.
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Business
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Economy
5/14/2023 2:59:05 PM
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the government footprint in the economic activity for the private sector; chiefly through its initial public offering (IPO) and privatization programmes.
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Business
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Energy
4/25/2023 10:55:44 PM
Benchmark U.S. crude oil for June delivery fell $1.69 to $77.07 a barrel Tuesday. Brent crude for June delivery fell $1.96 to $80.77 a barrel.
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Business
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Economy
4/4/2023 4:57:51 PM
The Egyptian Tax Authority (ETA) has announced plans to open a USD banking account in order to facilitate the collection of taxes from foreign companies in US dollars, ETA Head Mokhtar Tawfik announced on Tuesday.
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Business
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Economy
2/2/2023 10:16:33 PM
The Egyptian pound has continued its slip against the US dollar for the fourth day in a row, hitting 30.3 for 1 USD, according to the official exchange rate of the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
1/30/2023 8:57:13 PM
The Egyptian pound slipped to a new low at over EGP 30 against the US dollar on Monday as the country battles rising inflation and a shortage in foreign currency sparked by the global economic crisis.
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Business
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Economy
1/12/2023 5:04:07 PM
The Egyptian pound is continuing to witness significant fluctuations against the US dollar on Thursday, surpassing EGP 30 in a number of foreign and Arab banks operating in the Egyptian market.
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Business
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Economy
1/11/2023 5:38:00 PM
In a dramatic performance on Wednesday, the Egyptian pound hit its lowest-ever price of EGP 31 against the US dollar, losing over 100 percent of its value since March before slowing down to EGP 29.63 at the Central Bank of Egypt (CBE) and major banks.
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Business
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Economy
1/9/2023 10:53:42 PM
Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects that need US dollars and have not yet started.
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Egypt
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Tourism
1/2/2023 11:06:09 PM
The Egyptian National Railway Authority announced on Monday the prices of train tickets in US dollars for foreigners looking to book seats on the cross-country Alexandria-Aswan train.
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Egypt
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Tourism
12/26/2022 5:46:24 PM
Tourists in Egypt will be able pay for their train tickets in US dollars or euros starting January 2023, said Minister of Transport Kamel El-Wazir in remarks made to satellite TV Channel MBC Masr on Saturday.
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Business
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Economy
11/2/2022 9:04:23 PM
The Egyptian pound’s exchange rate against the US dollar has remained almost unchanged at EGP 24.2 on Wednesday, weakening by more than 22 percent following a sharp depreciation last Thursday, according to figures by the Central Bank of Egypt (CBE).
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COP27
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Climate change
11/1/2022 10:27:35 PM
Kenyan President William Ruto said here Tuesday his government has allocated 2 billion shillings (16.47 million U.S. dollars) for food relief to counties affected by the severe drought across the country.
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Business
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Economy
11/1/2022 5:43:00 PM
The Egyptian pound’s exchange rate declined to 24.2 against the US dollar at the end of Tuesday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).
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Business
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Economy
10/30/2022 7:37:00 PM
The Egyptian pound’s exchange rate fell to 24 against the US dollar at the end of Sunday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).
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Business
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Economy
7/19/2022 10:35:49 PM
Swiss Ambassador in Cairo Yvonne Baumann announced that the Swiss Agency for Development and Cooperation (SDC) would offer a grant worth USD 1.8 billion to a water project east Aswan.
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World
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Region
6/15/2022 8:27:47 PM
The Lebanon Humanitarian Fund (LHF) has allocated 16 million U.S. dollars to expand the humanitarian response in Lebanon, the UN Office for the Coordination of Humanitarian Affairs (OCHA), operator of the fund, said on Wednesday.
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World
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Region
5/18/2022 9:01:09 PM
A new 10 million US dollars grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighboring population and support Beirut's reconstruction, the United Nations said in a statement on Wednesday.
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