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What Egyptians think about constitutional referendum?

Polling stations across Egypt opened their doors early Saturday for citizens to express their opinions regarding the constitutional amendments, whether by yes or no. The dates of referendum were announced on Wednesday. Egyptians abroad started voting on Friday and will continue until Sunday. If the amendments receive a “yes” vote, they will immediately go into …

Sarah El-Sheikh

Above average turnout in Cairo, celebratory atmosphere in most polling stations

Since early Saturday, the first day of the referendum on amendments to the country’s 2014 Constitution, the vicinity of several schools in the middle class neighbourhood of Ain Shams witnessed a celebratory atmosphere as campaigners and individuals affiliated with the election committees used DJs and nationalist songs to attract voters.   Polling stations all over …

Adham Youssef

Parliament awaits new customs draft law for discussion

The State Council will complete within days reviewing the customs draft law, in preparation for sending it to the House of Representatives for discussion and approval, head of the Egyptian Customs Authority, Kamal Negm, said on Wednesday. Negm said the current law No. 66 was issued in 1963 and is no longer consistent with the …

Nevine Kamel

Egypt targets 6% GDP growth in FY 2019/20: Minister of Finance

Egypt’s fiscal policy aims to raise the GDP growth rate to 6% in the next fiscal year (FY) 2019/20, after the recent increase of 5.5%, Minister of Finance Mohamed Moeit said on Saturday. Moiet explained that the economic reforms implemented since 2016 allowed the country to overcome various economic difficulties, and set the national economy …

Mohamed Samir

Moody’s upgrades Egypt’s ratings to B2

Moody’s, credit rating agency, upgraded Egypt’s rating to B2 from B3 and changed the country’s outlook to stable from positive. Finance Minister Mohamed Moeit said that Moody’s decision to raise the credit rating of Egypt to B2 while maintaining a “stable outlook” is a new certificate from the world’s leading rating agency for the success of …

Shaimaa Al-Aees

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