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Report: Egypt Delays IMF Loan Decision

Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf States has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday. Bahaa El-Din said Egypt has so far received around $8 billion of a $12 billion aid package from Saudi Arabia, Kuwait and the United Arab Emirates promised in July, days after the army toppled Islamist President Mohamed Morsi. The...

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