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Egypt to Introduce New Economic Stimulus Package
May 28th, 2020 - 07:00 GMT

Egypt to Introduce New Economic Stimulus Package

The Egyptian government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus disease (COVID-19) pandemic and the country’s subsequent lockdown. The new package, submitted by Minister of Planning and Economic Development Dr. Hala El-Said, allocates more than 50 billion Egyptian pounds ($3 billion) to support the tourism sector. It includes a six-month exemption on real-estate tax for hotels and an eight-percent decrease ...
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