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EGYPT: An IMF deal will ease economic constraints
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DOI: 10.1108/OXAN-ES285707
ISSN: 2633-304X
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Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…
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DOI: 10.1108/OXAN-DB285730
ISSN: 2633-304X
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EGYPT: A new IMF agreement is close
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DOI: 10.1108/OXAN-ES284979
ISSN: 2633-304X
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EGYPT: Markets will look beyond the elections
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DOI: 10.1108/OXAN-ES283927
ISSN: 2633-304X
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EGYPT: Confidence in the economic outlook grows weaker
Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…
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DOI: 10.1108/OXAN-DB282002
ISSN: 2633-304X
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Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…
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DOI: 10.1108/OXAN-DB282177
ISSN: 2633-304X
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This will make for a challenging start of President Abdel-Fattah el-Sisi’s third term, after he is inevitably re-elected in December this year. Meanwhile, the government will also…
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DOI: 10.1108/OXAN-DB283487
ISSN: 2633-304X
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MIDDLE EAST: Tourism slump will hit economic outlook
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DOI: 10.1108/OXAN-ES282935
ISSN: 2633-304X
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The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…