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Thursday, 17 November 2016

Egypt gets the tiniest bit of love from the Economist

Egypt gets the tiniest bit of love from the Economist: “The Egyptian state has taken several steps lately that have defied expectations. In October the government instituted a value-added tax, after years of consideration, and passed reforms to the civil service. Then, in November, its central bank floated the Egyptian pound, which had been overvalued for months, and allowed the price of subsidised fuel to rise. An Egyptian court has now added to the trend by showing leniency to the Muslim Brotherhood, the Islamist group that won Egypt’s first elections following the revolution of 2011.”

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