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Business
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Economy
8/1/2022 5:52:33 PM
The current negotiations between the Egyptian government and the International Monetary Fund (IMF) over a new loan are now taking a “serious turn,” Fakhri El-Fiqi, head of Egypt's House of Representatives' Budget Committee, said on Sunday evening.
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Business
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Economy
7/29/2022 7:31:16 PM
Prime Minister Mostafa Madbouly said on Thursday that Egypt is including social protection programs worth over EGP 490 billion -- roughly $26 billion - in the country's 2022/2023 budget that started in July.
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Egypt
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Urban & Transport
7/25/2022 2:19:32 PM
Minister of Transportation Kamel El-Wazir revealed on Sunday evening that the ministry is conducting a study to implement “a small increase” in the fares for the Cairo Metro and railway trains, as the ministry is attempting to reduce a large budget deficit due to the increase in expenses amid global inflation.
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Business
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Economy
7/21/2022 4:37:21 PM
The European Union (EU) has provided Egypt with a €117.9 million grant in order to support the government’s water and energy budget, Egypt’s Ministry of International Cooperation announced on Thursday.
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Business
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Economy
7/12/2022 3:50:57 PM
Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of providing a stimulating infrastructure for the owners of small, medium, and micro enterprises (SMEs).
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Business
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Economy
7/10/2022 5:33:24 PM
Egyptian Minister of Finance Mohamed Maait said on Sunday that EGP 356 billion of the fiscal year (FY) 2022/23 budget has been allocated for social protection and subsidization, while another EGP 400 billion will go for improving conditions of public employees including wages and compensations.
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Al-Ahram Weekly
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Features
7/8/2022 10:12:00 PM
For reasons of budget and style, choices for Eid Al-Adha menus have been changing in recent years.
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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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