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World
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Region
3/27/2023 6:09:56 PM
Tunisia on Monday called for a "constructive discourse" from the European Union after a string of leaders warned the country is facing a crisis that could impact the 27-member bloc.
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Business
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Economy
3/26/2023 6:00:56 PM
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
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World
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Region
3/23/2023 4:00:56 PM
Crisis-hit Lebanon is "at a very dangerous moment", a visiting delegation of the International Monetary Fund said on Thursday, criticising slow progress on reforms needed to unlock billions in loans.
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World
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Region
3/22/2023 6:11:24 PM
US Secretary of State Antony Blinken warned Wednesday that Tunisia urgently needs to reach a deal with the International Monetary Fund (IMF), adding to dire EU warnings about the country's future.
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Business
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Economy
3/22/2023 11:57:07 AM
Ukraine and the International Monetary Fund have agreed on a $15.6 billion loan package aimed at shoring up government finances severely strained by Russia's invasion and at leveraging even more support by reassuring allies that Ukraine is pursuing strong economic policies.
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World
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International
3/21/2023 9:50:21 AM
The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country's bankrupt economy.
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Business
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Economy
3/20/2023 4:28:56 PM
Egypt’s undeliverable futures recorded an all-time high on Monday, posting EGP 40.25 per $1, up from EGP 39.39 at the opening hour.
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Business
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Economy
3/14/2023 11:09:51 PM
The International Monetary Fund (IMF) is set to conduct on Wednesday 15 March its first review under the Extended Fund Facility (EFF) four-year arrangement $3 bln loan deal.
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Business
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Economy
3/9/2023 5:22:59 PM
The flotation of the Egyptian pound since December under the new Extended Fund Facility programme with the IMF has benefited the industry sector as it raised the competitiveness of Egyptian products in the global market, Prime Minister Mostafa Madbouly stated on Wednesday.
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Business
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Economy
3/9/2023 12:49:35 PM
The one-year certificates of deposit (CDs), with 18 percent annual yield the National Bank of Egypt (NBE) and Banque Misr issued in March 2022, will mature on 19 March, raising questions about the local market's reaction.
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Business
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Economy
3/9/2023 10:20:04 AM
Egypt’s annual headline inflation surged in February to 31.9 percent, up from 10 percent in February 2022 and 26.5 percent last month, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Thursday.
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Business
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Economy
3/8/2023 4:13:38 PM
Egypt’s foreign debt fell during the first quarter (1Q) of FY2022/2023 (July-September) to $154.9 billion, down from $155.7 billion recorded in the corresponding quarter of FY2021/2022, the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
3/8/2023 1:40:00 PM
The Central Bank of Egypt (CBE) announced on Tuesday the terms of the national EGP 150 billion initiative to provide loans to industrial and agricultural private sector companies.
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Al-Ahram Weekly
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Egypt
3/7/2023 9:56:19 PM
Fuel prices increased in Egypt last week in line with the indexation mechanism recommended under the country’s agreement with the International Monetary Fund, reports Doaa A. Moneim
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Business
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Economy
3/7/2023 3:34:43 PM
Egypt’s government is considering floating an additional stake of Telecom Egypt in the Egyptian Stock Exchange (EGX) in 2023, up from the current 30 percent, the company said in a disclosure sent to the EGX on Tuesday.
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Business
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Economy
3/6/2023 5:56:06 PM
Egypt's net international reserves (NIRs) rose in February by $128 million to reach $34.3 billion, up from $34.2 billion registered by the end of January 2023, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Economy
3/6/2023 3:17:57 PM
Egypt’s budget deficit rose to four percent of gross domestic product (GDP) during the first half (1H) of FY 2022/2023 (July-December 2022) to over EGP 367 billion, stated a report by the Ministry of Finance on Monday.
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Business
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Economy
2/20/2023 7:21:14 PM
The Russian economy contracted by 2.1 percent last year, the government's statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow's military intervention in Ukraine better than expected.
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Al-Ahram Weekly
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Egypt
2/17/2023 5:54:00 PM
Strategies had been adopted to reduce inflationary pressure.
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Al-Ahram Weekly
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Egypt
2/16/2023 4:34:00 PM
The government is selling stakes in 32 state-owned companies.
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