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Egypt Plans Extra Stimulus by Year-end, Suez Canal Project

The Egyptian government will launch a new economic stimulus package by the end of the year, the finance minister said on Monday, bringing forward spending plans that will help revive the economy but put even more strain on state coffers. Pointing to efforts to attract new investment, the military-backed government also said it would launch a tender to draw up plans to develop a corridor around the Suez Canal, reviving a mega-project tabled by deposed president Mohamed Morsi. The...

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