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Egypt
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Society
3/20/2023 2:03:13 PM
Egypt’s Minister of Agriculture and Land Reclamation El-Sayed El-Qusair announced the release of 140,000 tons of corn and soybeans worth approximately $60 million between 10 and 16 March.
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World
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Region
3/1/2023 7:14:25 PM
Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports.
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Al-Ahram Weekly
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Egypt
2/18/2023 10:12:00 AM
Plans are afoot to reduce imports of cooking oil by increasing local production.
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Al-Ahram Weekly
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Egypt
2/16/2023 5:28:00 PM
Work is underway to ensure a balance between supply and demand for essential food commodities with a view to stabilising prices.
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Business
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Energy
1/30/2023 2:03:26 PM
Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries.
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Business
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Economy
1/18/2023 11:05:00 PM
Between 14 and 17 January, Egypt released $4.8 billion worth of goods that were stuck in its ports due to the country's hard currency crunch, Prime Minister Mostafa Madbouly said.
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Egypt
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Society
1/17/2023 9:43:39 PM
Egypt faces a water deficit of around 30-35 billion cubic metres (bcm). Therefore, it adopts several measures to overcome this challenge, including importing food that requires for its production additional amounts of water annually, Egyptian Minister of Irrigation and Water Resources Hany Sewilam said Tuesday.
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Egypt
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Society
1/16/2023 7:07:38 PM
Over $1 billion worth of medicines have been released from Egyptian ports since early December as part of the country's continued efforts to clear imports backlog resulting from a crunch of hard currency, said Ali Ouf, head of the Medicines Division at the Egyptian Federation of Chambers of Commerce
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Business
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Economy
1/16/2023 5:54:53 PM
Egypt has received $925 million in indirect investments in local debt instruments since Wednesday, increasing the country’s reserves of hard currency in addition to an increase from the local market, Egyptian expats remittances, and the tourism sector, the Central Bank of Egypt said on Monday.
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Business
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Energy
1/14/2023 12:49:30 PM
European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company CEO predicted on Saturday, warning that market volatility could last for years.
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Business
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Economy
1/11/2023 8:06:21 PM
More than $1.5 billion worth of imported goods was released between 1 and 10 January as part of the government's efforts to resolve Egypt's import backlog, Prime Minister Mostafa Madbouly said on Wednesday.
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Al-Ahram Weekly
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Economy
1/6/2023 6:24:00 PM
The rules under which Egyptians abroad can import tax-free cars are being eased.
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Business
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Economy
1/4/2023 9:01:52 PM
Prime Minister Mostafa Madbouly said more than $6.8 billion worth of imported goods have been released as of early December as part of the government's ongoing efforts to resolve the imports backlog.
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Business
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Economy
1/4/2023 4:40:00 PM
The Egyptian pound lost over 10 percent of its value against the US dollar in Wednesday’s transactions at major banks, a few hours after the National Bank of Egypt (NBE) and Banque Misr offered new 25-percent-yield saving certificates.
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Al-Ahram Weekly
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Economy
1/3/2023 9:23:03 PM
Commodities stranded at Egypt’s ports are being released onto the market following a Central Bank of Egypt decision on letters of credit, reports Safeya Mounir
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Business
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Politics
12/31/2022 8:29:00 PM
Egypt released goods worth over $1.2 billion between 24 to 30 December as part of the government's ongoing efforts to resolve the imports backlog in order to keep the country’s production processes functioning at full capacity.
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Business
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Energy
12/28/2022 7:05:07 PM
Finland's first floating liquefied natural gas terminal was moored Wednesday at the southern port of Inkoo where it will supply gas to the Nordic country that was cut off from Russian gas imports earlier this year amid the war in Ukraine.
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Egypt
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Society
12/26/2022 4:18:03 PM
President Abdel-Fattah El-Sisi asserted that the state is keen on bolstering the local production of various products and strategic commodities in order to reduce imports from abroad and ease the high demand for dollars.
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Business
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Economy
12/22/2022 12:09:32 AM
The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.
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Business
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Economy
12/20/2022 6:08:36 PM
The IMF will be looking for "a shift by Egypt to a flexible exchange rate" once the letter of credit system for financing imports is phased out by the end of December, Vladkova Hollar, the IMF mission chief for Egypt, said in an interview with Reuters on Monday.
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