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Egypt minister sets ‘3-year strategy’ to revive economy

  Cairo/ AFP Egypt has an ambitious three-year reform plan that, with foreign help, can revive its struggling economy, the minister of international cooperation said. In an interview, Sahar Nasr said the “three-year strategy” will lead to a return of investments, boost industrial production and create jobs. It comes as Egypt faces not only falling growth and a currency crisis ...

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After oil crisis cull, Norway’s junk market emerges transformed

    Bloomberg Those oil service companies and drillers that are still around will likely survive. That’s the good news, according to Kevin Liang, who helps oversee 10 billion kroner ($1.2 billion) in bonds at Svenska Handelsbanken AB in Oslo. But the bad news is that the debt market for Norway’s battered oil sector is now a very different animal. ...

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Oman plans to sell $2bn bonds amid deficit

  Bloomberg Oman, the largest Arab oil producer that’s not an OPEC member, plans to sell between $1.5 billion to $2 billion of bonds internationally in 2017 to plug a deficit caused by low crude prices. “There’s an appetite still and I think even when interest rates are raised there will still be appetite,” Ali Hamdan Al-Raisi, vice president for ...

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