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What you need to know about the new IMF-backed economic reform programme for Egypt

IMF loan to stabilise Egypt’s economic situation: Fitch Solutions

Egypt, IMF reaches agreement on component of new reform programme

Fitch Solutions increases expectations for Egypt’s GDP growth to 6.59% in 2022

IMF, Egypt to reach Staff Level Agreement very soon

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Moody’s completes periodic review of ratings of GIG Insurance – Egypt

Moody's Investors Service announced on Thursday that it has completed a periodic review of the ratings of GIG Insurance - Egypt and other ratings that are associated with the same analytical unit
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Egypt inks €109 million AfDB financing deal to provide sanitation services to rural areas in Luxor

Egypt signed on Thursday a development financing deal worth €109 million ($131.1 million) with the African Development Bank (AfDB) to provide residential communities across rural areas in Luxor with…
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Unreliable infrastructure in Africa a major setback in development endeavors, IMF executive director

Setbacks in African development endeavors can be attributed to the lack of reliable infrastructure, according to Executive Director of the International Monetary Fund (IMF) and the World Bank Group's…
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EJB Official Affirms the Importance of Recognition Programs to Enhance Employee Engagement

2018 witnessed a surge in employee engagement levels in the Middle East and North Africa, with rewards and recognition being the most active domain according to Mohamed Elkholi; a member of the…
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EFG Hermes KSA completes advisory on Alkhorayef company’s $ 144 mn IPO on Tadawul

EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking team has successfully completed advisory on Alkhorayef Water…
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African Union to set up infrastructure fund for the continent

The African Union (AU) is calling on state-run sovereign, pension and insurance funds from Egypt, South Africa, Morocco, Kenya, Angola, and Nigeria to invest up to 5 percent of their capital in a…
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IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt

The International Finance Corporation (IFC) is lending $30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help it grow exports, improve energy practices, and create more jobs, the lender…
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Elsewedy Electric’s subsidiary signs EGP 711m deal in south valley development project

Elsewedy Electric Co announced that its subsidiary Elsewedy Electric for Trading and Distribution signed a new contract to implement the completion of the first stage of infrastructure works in the…
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IIF expects Egypt’s economy to grow 2.3% in FY2020/2021

Egypt’s economy is expected to grow 2.3 percent in the 2020/2021 financial year ending in June, The Institute of International Finance (IIF) – whose members include over 400 banks and financial…
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Egypt supports economy to overcome coronavirus crisis: IMF

Egypt had taken good steps to support the economy during the coronavirus crisis, Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said.
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