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Business
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Economy
1/18/2023 10:50:00 PM
Egypt's Prime Minister Mostafa Madbouly said the cost of wheat subsidies will reach EGP 95 billion by the end of the year, up from EGP 38 billion.
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Al-Ahram Weekly
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Egypt
1/17/2023 10:22:31 PM
How will the unprecedentedly high interest rates on certificates of deposit affect the economy as a whole, asks Nahla Abul-Ezz
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World
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Region
1/5/2023 4:38:36 PM
Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023 budget that seeks to boost revenues to the cash-strapped treasury.
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World
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Region
12/27/2022 3:29:49 PM
Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.
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Business
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Economy
12/26/2022 5:10:09 PM
The Ministry of Finance’s departments were mobilised this week to prepare Egypt's new FY2023/24 budget aiming for a 5.5 percent growth rate amid global economic crises exerting tremendous pressure on world economies, including Egypt.
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Business
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Economy
12/7/2022 6:30:51 PM
Egypt will receive the first tranche of its $3 billion IMF loan immediately after the IMF board meeting on Friday 16 December, or within 10 days, said head of the House's Budget Committee Fakhri El-Fiqi, who affirmed the loan will help shore up the country's foreign currency reserves.
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World
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War in Ukraine
12/3/2022 11:47:00 AM
Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine.
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Business
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Economy
11/27/2022 8:26:30 PM
The Central Bank of Egypt offered on Sunday Egyptian pound-backed treasury bills (T-bills) with a total value of EGP 28.5 billion over two maturity types.
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Life & Style
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Style
11/27/2022 2:57:00 PM
In the midst of an economic crunch, exceptional offers at special fairs – including porcelain sold by the kilo – are keeping tableware and cutlery within reach of shoppers with small and medium budgets.
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Sports
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Omni sports
11/22/2022 7:01:46 PM
The operating budget for the 2024 Paris Olympics is expected to go up by 10%, in part because of high inflation, organizers said Tuesday.
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Business
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Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.
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Business
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Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.
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Business
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Economy
11/17/2022 12:31:54 PM
Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation's budget while helping millions of people slammed by a cost-of-living crisis as Russia's war in Ukraine pushes up energy prices and slows economic growth.
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World
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International
11/13/2022 12:29:04 PM
Britain's government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair economic havoc wrought by the short-lived tenure of former prime minister Liz Truss.
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World
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War in Ukraine
10/25/2022 2:18:02 PM
Ukrainian President Volodymyr Zelensky on Tuesday asked the international community to cover an expected budget deficit of $38 billion next year for his war-torn country, with Moscow's invasion also badly hitting the economy.
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COP27
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Climate change
10/25/2022 12:08:47 PM
Mahmoud Mohieldin, UN High-Level Climate Change Champion for Egypt, stressed the need to link sustainable development plans with climate finance as most financing still depends on countries’ national budgets, including low-income countries.
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Business
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Economy
10/23/2022 10:26:57 PM
Finance Minister Mohamed Maait said on Sunday that Egypt aims to cut the public budget deficit to only four percent; a figure that has not been achieved for 42 years.
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World
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International
10/19/2022 10:05:02 AM
U.K. inflation accelerated to a 40-year high in September as the soaring cost of food squeezed household budgets.
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World
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International
10/15/2022 11:09:47 AM
Britain's new finance minister warned Saturday of tax hikes to come as he admitted to "mistakes" made by his short-lived predecessor in a disastrous budget.
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Business
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Economy
10/14/2022 3:57:30 PM
The pound plunged against the dollar Friday on the sacking of finance minister Kwasi Kwarteng in response to a budget that sparked markets chaos.
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