Business & Economy Bound

Egypt: Cairo has two new airportsF

President Abdel Fattah al-Sisi on Monday inaugurated two more airports near Cairo in a bid to lure tourists as Egypt aims to recover from the economic downturn caused by coronavirus. One airport is in Egypt's new administrative capital, about 50 kilometres (30 miles)...
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Egypt’s Shalateen Mining Company finds gold deposits in Eastern DesertF

Egypt has discovered a gold deposit estimated at more than one million ounces in the country's southeast, the petroleum ministry said Tuesday. "The discovery .... is worth over $1 billion in investments over the next 10 years," the ministry said in a statement. The...
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Egypt’s debt rising: $5 billion more from IMFF

The IMF board on Friday approved a one-year, $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the COVID-19 pandemic. The new funding under a standby arrangement comes on top of $2.8 billion in emergency aid the IMF board...
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Tunisia: Prime Minister predicts just 7% GDP contractionF

Tunis, June 25, 2020 - Tunisian Prime Minister Elyes Fakhfakh warned Thursday that his country's economy, hit hard by the global coronavirus pandemic, would contract by around six percent this year, as public companies flounder. "All state enterprises are in...
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