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World
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Region
12/23/2022 4:32:00 PM
Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni on Friday for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure.
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Egypt
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Urban & Transport
12/23/2022 11:40:00 AM
Egypt’s President Abdel-Fattah El-Sisi gave his directives on Thursday to intensify exploration of new oil and natural gas areas to achieve optimal economic exploitation of Egypt’s resources and to maximise the added reserves of natural gas to meet both the needs of local markets and exports.
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Al-Ahram Weekly
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Egypt
12/22/2022 1:47:00 PM
Two devaluations, a new IMF deal, and multi-billion dollars’ worth of asset sales to Gulf investors are some of the features of the economic scene on the year of the war.
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Business
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Economy
12/22/2022 12:53:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting for 2022 on Thursday to review the key interest rates in light of the latest updates in the local and global economic scene, particularly the accelerating inflation rates.
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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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Egypt
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Foreign Affairs
12/20/2022 5:37:16 PM
The Kuwaiti Week in Egypt, which is taking place in Cairo, is a major bridge that strengthens the bonds of economic cooperation between the two countries, said Egypt’s Minister of Trade and Industry Ahmed Samir on Tuesday during the launch of the 13th edition of the event.
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Business
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Economy
12/20/2022 2:39:59 PM
Egypt secured development financing worth $13.7 billion in 2022 to support its national development objectives, with $11.1 billion directed to sovereign projects across various economic activities and $2.6 billion dedicated for the private sector, Minister of International Cooperation Rania Al-Mashat announced on Tuesday.
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COP27
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Climate change
12/19/2022 2:27:45 PM
Alessandra Sensi, head of the environment, green and blue economy sector at the Union for the Mediterranean (UfM), spoke about the complex challenges facing the Mediterranean region from climate change, pollution and economic hardship.
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Business
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Economy
12/18/2022 5:22:16 PM
The exchange rate of the US dollar against the Egyptian pound was stable at the close of transactions Sunday at Egypt's major banks, the first working day after the International Monetary Fund (IMF) approved Egypt’s $3 billion new economic reform programme.
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World
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Region
12/18/2022 1:04:35 PM
Baran Ramadan Mesko had been hiding with other migrants for weeks in the coastal Algerian city of Oran, awaiting a chance to take a boat across the Mediterranean Sea to Europe.
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Business
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Economy
12/17/2022 8:23:56 PM
The new $3 billion loan to Egypt approved on Friday by the International Monetary Fund (IMF) will be used to support the country’s programme to boost economic growth and investments and enhance its social protection network, the Cabinet said today.
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Al-Ahram Weekly
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Egypt
12/15/2022 2:08:00 PM
Egyptian-Chinese political and economic relations received a big boost on the sidelines of the first China-Arab Summit last week.
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Al-Ahram Weekly
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Egypt
12/15/2022 2:07:00 PM
The outgoing 2022 was a year of continued advancement in the defence capacities of the Egyptian Armed Forces, part of a modernisation programme that began eight years ago which aims at strengthening national security, safeguarding resources and economic gains, and bolstering Egypt’s regional and international status.
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Al-Ahram Weekly
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World
12/13/2022 8:35:17 PM
For several years, turmoil and unrest in West African countries has resulted from security breakdowns, political vacuums, domestic conflicts and deteriorating economic conditions.
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Al-Ahram Weekly
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Economy
12/13/2022 5:40:40 PM
The African Economic Conference this week shed light on the continent’s challenges, starting with the aftermath of the pandemic, the repercussions of war, and climate change, reports Doaa Abdel-Moneim from Mauritius
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World
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Africa
12/13/2022 3:46:54 PM
Ghana on Tuesday agreed on a $3 billion credit deal with the International Monetary Fund (IMF) as part of the country's battle to end its worst economic crisis in decades.
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World
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Africa
12/13/2022 10:54:56 AM
The United States on Tuesday is rolling out the red carpet to leaders across Africa with plans to unveil $55 billion in support as part of a renewed bid to win back influence in the continent.
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World
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Africa
12/12/2022 8:39:06 PM
"Everything is increasing except our wages," Ethiopian porter Zerihun told AFP, summing up the financial crisis facing the Horn of Africa nation as it reels from skyrocketing inflation and an economic slowdown.
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World
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International
12/12/2022 6:04:05 PM
Foreign Secretary James Cleverly on Monday set out his long-term vision for UK foreign policy, urging a move towards new partnerships in Latin America, Asia and Africa.
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Egypt
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Foreign Affairs
12/11/2022 10:26:00 PM
Egypt has pressed for an effective and a constructive role by the Group of Twenty (G20) in light of the “very complicated” global economic conditions, according to a statement issued by the Ministry of Foreign Affairs on Sunday.
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