Egypt's central bank keeps interest rates unchanged
The Central Bank of Egypt decided to keep interest rates unchanged from July at a meeting of its monetary policy committee on Thursday.
Egypt
Egypt receives first $1 bln tranche of World Bank loan
The World Bank has provided Egypt with the first $1 billion tranche of a $3 billion loan, as part of its support for the government's economic programme, the Ministry of International Cooperation said Friday.
Egypt's core inflation rate hit 13.23 pct in August 2016: CBE
Egypt's core inflation rate increased to 13.23 percent year on year in August 2016 up from 12.31 in July 2016, the central bank announced on Thursday.
Egypt's parliament approves VAT at 13% rate in 2016/17
Egypt’s parliament approved on Sunday the long-delayed value added tax (VAT) at a rate of 13 percent for the 2016/17 fiscal year, but said it will rise to 14 percent the following year.
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