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Business
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Economy
8/30/2021 2:00:08 PM
The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion at the end of March 2021 compared to June 2020, reaching $80.5 billion
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Business
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Economy
8/17/2021 2:14:50 PM
CBE estimations exceed the expectations included in Egypt's economic and social development plan for FY2021/22, which expected them to reach $30 billion by the end of the year
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Business
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Economy
8/10/2021 9:15:45 PM
Egypt’s annual inflation rate surged to 6.1 percent in July, up from the 4.6 percent recorded in the same month of 2020 and the 4.9 percent recorded in June 2021
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Business
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Economy
8/8/2021 1:45:58 PM
Egyptian banks and the stock exchange are to resume their work as of Sunday 15 August
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Business
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Economy
8/5/2021 8:10:15 PM
The MPC based its decision on the readings of June’s inflation, as annual headline urban inflation marginally increased to 4.9 percent in June 2021 from 4.8 percent in May 2021
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Business
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Economy
8/4/2021 8:54:00 PM
In June, the International Monetary Fund (IMF) approved the final review for Egypt’s stand-by arrangement (SBA) programme, through which Egypt secured a loan of $5.4 billion to enhance its second wave of economic reforms
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Al-Ahram Weekly
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Economy
8/4/2021 12:04:00 PM
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Business
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Economy
8/3/2021 5:36:32 PM
Tendency to adopt plastic banknotes dates back to February 2019, when CBE announced that it intends to produce some denominations of the Egyptian banknotes in plastic by 2020
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Business
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Economy
7/14/2021 2:47:49 PM
Banks will reopen on Sunday 25 July after the Friday and Saturday weekend
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Business
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Economy
7/13/2021 12:18:54 PM
Under the initiative, low and middle-income individuals will have access to secure loans from banks and mortgage companies with a decreased interest rate of 3 percent and a 30-year repayment period.
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Business
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Economy
7/11/2021 4:00:19 PM
The data showed that Egypt’s total long-term debt edged up to $121.5 billion in Q3 of FY2020/21, up from $117.2 billion in the previous quarter and about $1 billion in the same quarter of FY2019/20
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Business
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Economy
6/29/2021 4:40:52 PM
New data published by the CBE on Tuesday showed that foreign investments in Egypt’s T-bills has seen a gradual increase since January, when they recorded EGP 298 billion
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Business
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Economy
6/23/2021 6:09:00 PM
The decision was made to preserve Egypt’s gains from its economic reform programme and to maintain the country’s banking system’s stability
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Business
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Economy
6/16/2021 1:19:18 PM
Over four consecutive meetings, the MPC decided to maintain the key interest rates at 8.25 percent, 9.25 percent, and 8.75 percent for the overnight deposit rate, overnight lending rate, and the rate of the main operation
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Business
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Economy
6/14/2021 4:38:35 PM
Food stuff commodities’ price annual inflation rate increased in May to 1.7 percent, up from -0.3 percent in April
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Business
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Economy
6/10/2021 1:59:17 PM
According to the MoU, the two central banks will cooperate in fields of licenses, the ownership structures of the licensed financial institutions, and acquisition processes licenses
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Business
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Economy
6/8/2021 1:42:00 PM
The CBE said that the action came in the implementation of Egypt’s national council of payments’ strategy under the chairmanship of President Abdel-Fattah El-Sisi
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Business
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Economy
6/3/2021 5:50:29 PM
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Business
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6/3/2021 2:38:12 PM
The CBE attributed the hike to the uptick in foreign direct investment (FDI) inflows
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Business
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Economy
6/1/2021 12:41:11 PM
The data also showed that the government’s total external debt increased in the 2Q of FY 2019/20 to reach $77.2 billion, up from $73.1 billion in the 1Q of the fiscal year and $69.3 billion by the end of FY2019/20
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