Egypt economy
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IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy
EghtesadOnline: The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil.
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Egypt Inflation Rate Eases Ahead of Expected Devaluation
EghtesadOnline: Egypt’s annual inflation rate dropped for the first time since March, providing a rare respite from soaring prices as officials prepare a devaluation to secure a $12 billion loan…
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Lagarde Says Egypt Has More to Do to Seal $12 Billion Loan
EghtesadOnline: Egypt has “almost completed” the actions required for the International Monetary Fund’s board to review its $12 billion loan accord, but some measures related to the exchange…
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Egypt Stocks Surge on Bets Devaluation Will Drive Growth Rebound
EghtesadOnline: Egyptian stocks advanced the most in more than two months as investors bet that policy makers may devalue the country’s currency as soon as this week, luring back foreign investors…
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‘Super Rate Hike’ Still Seen in Egypt as Devaluation Looms
EghtesadOnline: Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase.