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IMF Mission to Egypt: Improvement in Targeting of Energy Subsidies
A staff mission from the International Monetary Fund visited Cairo during April 2-15. At the conclusion, Andreas Bauer, Mission Chief for Egypt, issued the following statement: “The mission made progress in the discussions with the Egyptian authorities on their economic
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IMF: The Risk Side of Exceptionally Low Interest Rates
Several years of exceptionally low interest rates and bond buying by some advanced economy central banks have improved some indicators of banks’ health while supporting the economy and financial stability, according to new research from the International Monetary Fund. In
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IDB Approves US$ 617 Million in Development Funding
The Islamic Development Bank (IDB) recently approved US$ 617 million towards funding development projects including important projects in the areas of education (US$ 174 million for Indonesia), electricity (US$ 319.6 million for Iran, Uganda and Bangladesh), agriculture (US$ 80 million
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GCC: A Reliable Partner in Energy Supply
Saudi Oil minister Ali bin Ibrahim Al-Naimi believes that future demand for oil will remain strong, despite the difficult global economic situation. Speaking at the opening session of the Doha Energy Forum on April 1st he said, “The expectations of
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Technological Innovation Must Power Economic Growth in Africa
Technology, science and innovation play a key role in the development of Africa, United Nations officials stressed today, calling on policymakers to redouble their efforts to support this field and form partnerships that harness its power. During a March 2013
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Big Crowds Witnessed at Cityscape Egypt
CAIRO – Cityscape Egypt has once again delivered a strong turnout of serious home buyers and investors packing the exhibition halls over the past three days. Mr. Ashraf El Gharib, Marketing and Sales Director of Rooya Group speaking on the
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UNCTAD on Emerging Markets FDI Trends
Foreign direct investment (FDI) going into and out of the emerging economies of Brazil, Russia, India, China and South Africa – collectively known as BRICS – is mounting in global influence, according to a United Nations report released on March
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Arab Countries In Transition: Where are they Heading?
By Masood Ahmed Director of the IMF’s Middle East and Central Asia Department “You can tell whether a man is clever by his answers. You can tell whether a man is wise by his questions.” — Egyptian Nobel Prize–winning author
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International Chamber of Commerce: G20 Openness Could Improve
Presenting pre-findings of an ICC Open Markets Index at an international business dialogue in Paris on March 4th, ICC Chairman Gerard Worms said that government authorities equipped with better information on their country’s market performance were better able to honour
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The International Financial Institutions: Collaboration for Development and Growth
Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group pledged on February 26, 2013 close collaboration to support development and growth. The leaders emphasized the need
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