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Business
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Economy
9/14/2013 6:40:53 PM
A nine percent surge in government expenditure over expectations, coupled with lower than anticipated tax returns and sluggish growth, leaves Egypt a budget deficit equal to 14 percent of GDP
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Business
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Economy
9/12/2013 7:44:46 PM
Government hopes plan will cut unemployment down to 9 percent, budget deficit by 5 percent and raise growth rate to 3.5 percent
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Business
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Economy
8/31/2013 2:07:52 PM
Libyan minister of oil said in televised interview that strikes halting oil production could lead to budget deficit
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Business
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Economy
8/23/2013 4:42:16 PM
To increase Egypt state budget revenues, the government considers switching to a Value-Added Tax scheme
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Business
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Economy
8/19/2013 8:12:41 PM
Interim Finance Minister, Ahmed Galal says he does not plan any emergency measures for the troubled economy. Will seek fiscal discipline and social justice
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Business
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Economy
8/15/2013 3:23:37 PM
Revenues in Egypt's 2013/14 fiscal year are expected to include around $46 billion in taxes, says Egyptian Tax Authority official
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Business
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Economy
8/4/2013 5:23:25 PM
Egypt's interim government is de facto working with the previous government's 2013/14 budget, but is currently seeking amendments to it
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Business
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Economy
7/29/2013 1:55:58 PM
Feared fiscal policy standoff would exacerbate market volatility caused by Federal Reserve plans to scale back stimulus
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World
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International
7/26/2013 8:53:13 PM
Berlin and Paris argue that given budget constraints, EU countries must pool and share resources 'to secure Europe's ability to act'
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Business
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Economy
7/25/2013 1:16:00 PM
Jobless rate falls 0.9 percent as cash-strapped European tourists turn to Spain for budget vacations away from Egypt and Middle Eastern troublespots
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Business
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Economy
7/21/2013 4:04:58 PM
June 29 law which increased total borrowing by LE32.65 bln reveals rapid worsening of Egypt finances before arrival of Gulf aid
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Business
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Economy
7/18/2013 12:56:02 PM
Islamist-led Tunisian government to develop Islamic finance in response to gaping budget deficit and critically-low foreign currency reserves
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Business
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Economy
7/17/2013 2:34:49 PM
Egypt interim cabinet likely to avoid politically risky budget reforms like cutting subsidies, to restore social peace and attract investment
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Business
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Economy
7/13/2013 9:32:29 PM
Egypt continues to work with the roadmap of the 2012-13 state budget, as the new budget — expected to rationalise subsidies — remains with the now dissolved Shura Council
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Business
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Economy
7/12/2013 10:23:56 PM
Gulf recent funds loaned and granted to Egyptian interim government maybe converted into bond securities to fulfill the budget deficit gap
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Business
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Economy
7/11/2013 4:53:42 PM
Tax authority has collected LE226 billion in revenues for 2012/13 fiscal year, one day before end of grace period given to taxpayers
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Sports
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Omni Sports
7/11/2013 11:14:39 AM
The moment will come when all Spanish athletes are reduced to mediocrity, says gymnast Isaac Botella
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Business
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Economy
7/2/2013 3:33:51 PM
UK's largest hotel operator targets tight budget customer by offering new hub hotels with 11.4 square metres rooms
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Business
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Economy
6/28/2013 12:57:54 PM
Leaders resolve to spend 6 bn euros over next two years to combat joblessness; European Investment Bank to lend hundreds of billions of euros to SMEs in southern EU states
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Business
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Economy
6/25/2013 6:06:25 PM
Growth unchanged from previous quarter
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