Egypt's central bank is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, a Reuters survey shows, as officials seek to balance the need to stimulate the economy while curbing high inflation.
Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
Jordan has set projected state expenditure at 8.1 billion dinars ($11.4 billion) for 2014, raising spending by 12.8 percent overall as it puts to work $5 billion in grants from oil rich Gulf states, the state news agency said on Thursday.
Priority will be given to housing, infrastructure, electricity, water, education, health, youth and social development projects as Bahrain plans to spend a $10 billion GCC aid package over the next 10 years.
HRH Prime Minister Prince Khali