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Mirette Magdy

Verified
Cairo
As seen in: Bloomberg News, MSN, UOL, Bloomberg Green Daily, MSN Philippines, The Washington Post, TIME, Yahoo Canada, Yahoo News, Yahoo News New Zealand, Yahoo Finance and
Bloomberg reporter in Egypt
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Articles

Egypt Holds Rates a Third Time With US-Iran Peace Push at Risk

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By Mirette Magdy Verified, Tarek El-Tablawy Verified
| Financial Post Verified
Skip to Content Egypt left interest rates unchanged for a third consecutive meeting, opting for caution with a fragile US-Iran ceasefire at risk of unraveling. rqz67gnbaa]]fo1w7]ju2g](_media_dl_1.png CAPMAS; Central Bank of Egypt (Bloomberg) — Egypt left interest rates unchanged for a third consecutive meeting, opting for caution with a fragile US-Iran ceasefire at risk of unraveling.
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Egypt Asset Sales Ease Path Toward $1.6 Billion in IMF Funding

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By Mirette Magdy Verified
| Financial Post Verified
Egypt’s recent state-asset sales have satisfied the targets of an International Monetary Fund review, according to people familiar with the matter, easing the path to unlock about $1.6 billion in financing for an economy buffeted by the Iran war. Egyptian Prime Minister Mostafa Madbouly shakes hands with IMF Managing Director Kristalina Georgieva following a panel session at the COP27 climate conference in Sharm El-Sheikh, Egypt in November 2022.
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Abu Dhabi’s $1 Trillion Man Emerges as UAE’s Iran Troubleshooter Original

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By Mirette Magdy Verified, Zainab Fattah Verified, Fiona MacDonald, Fiona Macdonald Verified
| Bloomberg Law Verified
Sheikh is best known as the defacto business chief of Abu Dhabi’s and the man at the helm of a . Behind the scenes, he has taken on another role: Diplomatic emissary charged with helping rebuild the United Arab Emirates’ relationship with Iran. In the three months since the regional war began, Abu Dhabi’s initially hawkish stance gave way to a more pragmatic approach built upon engaging with its bigger neighbor.
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