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MENAFN - The Peninsula - 29/01/2014

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(MENAFN - The Peninsula) The details of Egypt's second stimulus package since president Mohamed Mursi was ousted in July will be announced within days, Finance Minister Ahmed Galal told reporters at an investment conference yesterday.

Egypt's interim government is trying to boost tepid growth, which stood at 1.04 percent between July and S eptember last year - after three years of political turmoil since autocrat President Hosni Mubarak was toppled in 2011.

Supported by more than 12bn in Gulf aid, Egypt's interim government introduced a 30bn Egyptian pound (4.3bn) stimulus package in 2013 and said it would launch another one of about the same size this month

 






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