Last Update 20:51
Monday, 17 May 2021
Egypt is witnessing an unprecedented boom through increased investments in digital transformation, due to the private sector engagement in advancing the country’s development agenda in digitisation, said Al-Mashat
All tourism stakeholders are awaiting the date to determine the full resumption of Russian direct flights to Egypt's Red Sea resorts after a five-year suspension
Banks will resume work on Tuesday 4 May
Maait said budget deficit to GDP ratio is expected to decrease to 6.7 percent, down from the projected 7.07 percent in the current FY2020/2021
PepsiCo Egypt announced its’ commitment to positively impacting Egypt’s farming communities and has developed various programs in this regard
The statement comes on the occasion of celebrating the Arab day for financial inclusion
The prince neither named the company nor the country
The strategy is expected to support Egypt's budget targeted primary surpluses and to create room for priority spending on health, education and social protection, according to Maait.
The first phase of the country’s reform program included the floatation of the Egyptian pound, lifting nearly all fuel subsidies, implementing a value-added tax, and raising the prices of electricity and transport
Russian tourists accounted for 75 percent of all tourists to Egypt in 2014, according to Goldman Sachs
In the last two meetings, the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation remained unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively
Minister of Higher Education and Scientific Research Khaled Abdel-Ghaffar's statements came during the inauguration of a TwT program at the Academy of Scientific Research and Technology
Egyptian expat remittances are expected to rise in FY2021/22 by 7 percent to record $30 billion, up from $28 billion posted in FY2020/21, according to El-Said
The proceeds of this kind of auctions are used to replenish Egypt’s net international reserves (NIRs)
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait
Minister Hala El-Said also said the FY2021/22 draft budget targets allocating EGP 358 billion in governmental investments and EGP 269 billion for the public economic authorities
The study recommended providing the employees with the necessary organisational support and assessing the extent of their awareness of this support
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