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Egypt weathers impact of economic meltdown relatively well – IMF |
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BEIRUT: The International Mo¬ne¬tary Fund (IMF) said Egypt had weathered the impact of the global financial crisis relatively well. Financial contagion was contained by limited direct exposure to affected products and low levels of financial integration, but Egypt has been more susceptible to the real spillovers of the global slowdown,” said the IMF concluding statement. |
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Egypt sells 4-year bonds worth 3 bln Eg pounds |
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CAIRO, July 27 (Reuters) - The Egyptian central bank accepted offers worth 3 billion Egyptian pounds ($539.3 million) in an auction of 4-year bonds at rates of between 10.36 and 10.88 percent. |
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