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Business
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Economy
7/5/2022 4:00:59 PM
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said on Monday, asserting that the Ministry of Finance is managing the country’s financial matters under pressure.
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Al-Ahram Weekly
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Living
6/28/2022 10:15:40 PM
Don’t break your budget but pack your luggage. For many people, now is the right time to travel.
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Al-Ahram Weekly
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Egypt
6/28/2022 9:54:13 PM
An initiative to encourage couples to save on marriage expenses to cope with the rising cost of living was recently launched by Al-Azhar.
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Al-Ahram Weekly
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Economy
6/28/2022 8:55:54 PM
Nahla Abul-Ezz examines Egypt’s 2022-23 budget, drafted under the exceptional circumstances of a global inflationary wave and the Ukraine war.
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Business
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Economy
6/27/2022 6:34:14 PM
Egypt is expected to attain a 6.2 percent in real GDP growth by the end of the current FY2021/22 — which will conclude by the end of June — with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to Minister of Finance Mohamed Maait.
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Egypt
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Politics
6/24/2022 12:58:12 PM
Though the majority of MPs approved the new budget, four parties issued a statement on Wednesday criticising it for excessive foreign borrowing and lack of fiscal discipline or austerity measures that could help contain the negative economic impact of the Russia-Ukraine war.
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Egypt
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Politics
6/21/2022 10:20:01 PM
A report prepared by the Egyptian parliament's Budget Committee showed that the state's new FY 2022/23 budget will increase allocations to the country's 596-member parliament – the House of Representatives — to EGP 1.572 billion, up from EGP 1.471 billion in FY 2021/22.
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Egypt
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Politics
6/21/2022 6:08:50 PM
After a two-day debate marathon on Sunday and Monday, Egypt’s lower chamber of Parliament — the House of Representatives — gave a final approval on the state’s FY2022/23 Budget and Development Plan in a plenary session on Tuesday.
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Business
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Economy
6/19/2022 11:34:00 PM
Finance Minister Mohamed Maait told MPs in a plenary session on Sunday that the drafting of Egypt's FY 2022/23 budget was prepared amid very exceptional circumstances, including foreign inflation brought about by the war in Ukraine.
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Egypt
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Politics
6/18/2022 5:50:10 PM
Egypt's parliament – the House of Representatives – will reconvene this week after a ten-day holiday, holding plenary sessions on Sunday, Monday and Tuesday.
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World
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International
6/16/2022 10:55:24 PM
President Joe Biden told The Associated Press on Thursday that the American people are 'really, really down' after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets.
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War in Ukraine
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Military
6/13/2022 3:36:52 PM
French President Emmanuel Macron on Monday called for a boost to defence budgets following Russia's invasion of Ukraine, saying France was now on a "war economy" footing.
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Business
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Economy
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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Al-Ahram Weekly
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Economy
5/23/2022 10:17:00 AM
Experts explain how Egypt can attain its LE1 trillion-plus target in tax revenues in the new budget without adding additional burdens to Al-Ahram Weekly.
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Egypt
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Politics
5/16/2022 6:01:12 PM
Member of Parliament (MP) Mostafa Salem — deputy chairperson of the Egyptian Parliament’s Budget Committee — revealed on Monday that the committee will be mobilised this week to discuss and review the new FY2022/23 budget and development plan with members of the Cabinet.
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Al-Ahram Weekly
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Economy
5/15/2022 3:43:00 PM
The ministers of finance and planning presented a revised crisis budget to parliament this week.
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Egypt
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Society
5/14/2022 3:44:41 PM
Egyptian parliament's 25 committees will hold a series of hearing sessions this week to discuss the country's new FY 2022/23 budget and socio-economic development plan.
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Business
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Economy
5/12/2022 4:00:31 PM
On 1 July, Egypt’s FY 2022/23 budget will be rolled out with a total value of EGP 9.2 trillion, the highest in the country’s history, growing by 16.3 percent compared to the current FY 2021/22 budget.
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Egypt
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Politics
5/9/2022 6:40:25 PM
The draft budget of 2022/23 needs further review and amendments, declared members of the parliamentary Economic Affairs Committee on Monday after concluding the initial reading.
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Egypt
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Politics
5/9/2022 5:45:00 PM
Egypt’s parliament – the House of Representatives – gave final approval on Monday to a legislative amendment allocating an additional EGP 6 billion to the FY 2021/22 budget.
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