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IMF in Ukraine with tough demand for new loan

  AFP An International Monetary Fund team arrived in Kiev on Thursday to check on cash-strapped Ukraine’s books and set out a series of tough conditions for the disbursement of further loans. The IMF approved a $17.5-billion (15.8-billion-euro) rescue package for the war-scarred former Soviet republic in 2015 to help it recover from two years of savage recession and allow ...

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Egypt inks $662 million solar deals amid currency crunch

  Bloomberg Egypt has agreed to buy about 400 megawatts of solar capacity, a sign that developers are slowly moving forward with clean-energy projects after a currency crisis in the country this year slowed the industry. The power-purchase contracts are worth about 600 million euros ($662 million), according to Mohamed Salah El Sobki, executive chairman of Egypt’s New and Renewable ...

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Egypt non-oil business activity falls to lowest since 2013

  Bloomberg Business activity in Egypt hit its lowest level in more than three years in October, shrinking for a 13th month amid a foreign currency shortage, the pound’s weakness in the black market and accelerating inflation. The Emirates NBD Purchasing Managers Index for non-oil activity fell to 42 from 46.3 the month before, the weakest since July 2013, according ...

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