Monday 23 December 2024
 
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dollar shortage

Egypt close to $7bn a year support deal with IMF

Egypt said on Tuesday it was close to agreeing an International Monetary Fund (IMF) lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. Prime Minis

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ENBD Egypt suspends credit, debit card use abroad

Emirates NBD Egypt said it was suspending use of debit and credit cards abroad, a control intended to keep hard currency inside the bank as Egypt endures a crippling forex shortage. Egypt has suffered from

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