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Business - Economy
2/19/2024 1:43:12 PM
The Ministry of Finance will submit a Tax Policy Strategy for Egypt 2024/2030 document to the National Dialogue next week, Minister of Finance Mohamed Maait said in a statement on Monday.

Egypt - Foreign Affairs
2/2/2024 10:47:49 PM
European Commissioner for Neighborhood and Enlargement Oliver Varhelyi informed Egyptian Minister of Foreign Affairs Sameh Shoukry about the European Union's approval of extra financial and economic assistance for Egypt, reinforcing the strategic partnership between the two sides.

Business - Economy
1/31/2024 6:58:19 PM
The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement on Wednesday.

Business - Economy
1/28/2024 6:19:56 PM
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024 and January 2025.

War on Gaza - War on Gaza
1/27/2024 11:27:00 PM
Thousands of civilians were trapped in southern Gaza as Israel continued its bloody war on the Strip on Saturday, a day after the top UN court ruled Israel must prevent genocidal acts.

Business - Economy
1/23/2024 3:01:57 PM
Egypt’s budget deficit rose to 5.51 percent of GDP between July and November 2024 from 3.37 percent during the same period last year, according to data released by the Ministry of Finance.

Business - Economy
1/22/2024 2:40:20 PM
Egypt may devalue the Egyptian pound to bridge the gap with its traded rate in the parallel market, said Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.

Business - Economy
1/18/2024 2:17:16 PM
Egypt’s budget deficit recorded 4.95 percent of GDP during the first half (H1) of FY 2023/2024, July-December 2023, said Minister of Finance Mohamed Maait.

Al-Ahram Weekly - Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish

Business - Economy
1/9/2024 2:49:59 PM
The Central Bank of Egypt (CBE) auctioned EGP 130 billion treasury bills (T-bills) on Tuesday with four maturities between April 2024 and January 2025.

Egypt - Politics
1/3/2024 11:04:24 PM
Prime Minister Mostafa Madbouly said during a press conference on Wednesday that the government’s subsidy rationalization programme aims to benefit the average Egyptian and mitigate budgetary burdens

Business - Economy
1/3/2024 2:03:34 PM
The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Egypt - Urban & Transport
12/29/2023 3:10:39 PM
The National Post Authority has announced a remarkable net surplus of EGP 4.422 billion from its 2022/2023 budget, chairman Sharif Farouk announced.

Business - Economy
12/17/2023 2:53:57 PM
The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies, as well as the solidarity and dignity initiative, said Minister of Finance Mohamed Maait, according to a statement on Saturday.

Business - Economy
12/13/2023 10:45:45 PM
Developing countries spent a record $443 billion to service external debt in 2022 as global borrowing costs surged, straining budgets and raising the risk of debt crises, according to the World Bank’s latest International Debt Report.

Business - Economy
12/6/2023 6:53:03 PM
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.

Business - Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.

Business - Economy
12/5/2023 3:12:16 PM
The Central Bank of Egypt (CBE) sold on Monday $990 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Business - Economy
12/4/2023 5:09:23 PM
Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance on Monday.

Business - Economy
12/4/2023 3:29:52 PM
Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent in the corresponding quarter in FY 2022/ 2023.

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