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Allen Sandeep

Allen Sandeep latest

The central bank cut rates after inflation figures fell to their lowest in more than six years.
September 28th, 2019 - 03:00 GMT

Egypt’s Central Bank Cuts Interest Rates for the Second Time

Egypt’s central bank on Thursday cut its key interest rates for the second month in a row, after inflation fell further and as central banks globally ease monetary policy. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-9…","video_id":"995a3147-c246-4af2-9c37-ed6407bdb75f","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"10 Highest Cinema Ticket Prices Around the World"} The overnight deposit and lending rates were cut by 100 basis points to 13.25 percent and 14.25 percent respectively. All 11 economists surveyed by Reuters had said the Central Bank of Egypt’s (CBE) ...
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To meet its financing needs, Egypt has sought funding from a variety of sources, from development loans to foreign grants and aid. (Shutterstock)
January 30th, 2017 - 12:56 GMT

After success of $4B Eurobonds, Egypt considers yen and yuan

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
August 14th, 2014 - 10:25 GMT

A bad omen: Dubai's two biggest builders face late payments

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