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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 >>  8/5/2018 - An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said, ...
Egypt >>  8/3/2018 - Production of natural gas from two deepwater wells at Shell’s West Nile Delta field 9B in Egypt will begin in the first half of October, the country’s...

Egypt >>  7/30/2018 - The Egyptian General Petroleum Corporation has signed an agreement with British Petroleum to drill in the Gulf of Suez region, Al-Ahram’s Arabic websi...
Egypt >>  7/27/2018 - The European Investment Bank (EIB) has signed a financing agreement worth EUR 375 million with the National Bank of Egypt (NBE) to fund investments by...

Egypt >>  7/26/2018 - Fugro has been presented with the Joint Airborne Lidar Bathymetry Technical Center of Expertise LCDR Peter Johnson Best Practices Award 2018, for its ...
Egypt >>  7/24/2018 - HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH) is entering a joint venture (JV) wit...

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Related Articles: Asset Portfolio Management  Economics/Financial Analysis  General  Investment Services 

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