09 Nov 2016
(MENAFN) Intl’ Monetary Fund (IMF) proclaimed that it will recommend an approval of USD12bn loan for Egypt to support the country’s reform program.
Meanwhile, Egyptians are looking at a period of hardship as the government unrolls austerity measures ahead of the IMF program.
In addition, the government also proclaimed a 7 percent salary increase for civil servants, who number almost 6mn out of a total population of more than 90mn.
Accordingly, cutting fuel subsidies will enhance Egypt’s external competitiveness, address shortages of foreign currency and help attract foreign investment.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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