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Egypt Should Get Third Tranche after Second Review, End-2017

Source: Reuters 9/26/2017, Location: Egypt

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Egypt is expected to receive a third installment of around $2 billion of its $12 billion IMF credit programme after a second review at the end of this year, the IMF said on Tuesday.

Egypt’s inflation is expected to fall to “slightly above” 10 percent by the end of fiscal year 2017/2018 and to single digits by 2019, Subir Lall, IMF Mission Chief for Egypt, Middle East and Central Asia Department, said in an online briefing.

Egypt >>  6/18/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its SD-4X well in t...
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Egypt >>  6/6/2018 - SolstadFarstad is announcing the award of several new contracts, which adds over 2500 vessel working days to the company’s backlog. Details of the con...
Morocco >>  6/5/2018 - Sound Energy, the Moroccan focused upstream gas company, has announced receipt of Ministerial approval of the Sidi Moktar Onshore Petroleum Agreement ...

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