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FinancialNews


  • 29-08-13

    Egyptian investment projects cost $3.2 bn

    (MENAFN) Egypt's Deputy Prime Minister Ziad Bahaa El Din stated that the Egyptian cabinet approved a spending on investment projects of about USD3.2 billion to support the economic growth in the following 10 months, reported Gulf Daily News. The government's labor-intensive projects will be shown to the GCC countries, especially the UAE. The government planned to decrease the budget deficit 9 percent of gross domestic product by the end of June 2014, down from 14 percent.

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