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AFCON 2021
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News
2/5/2022 11:55:53 PM
Hosts Cameroon finished third at the Africa Cup of Nations on Saturday after wiping out a three-goal deficit against Burkina Faso to draw 3-3, then win 5-3 on penalties.
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Business
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Economy
2/2/2022 4:51:03 PM
Egypt’s balance of payments attained an overall surplus of $311.4 million in the first quarter (1Q) FY2021/2022 (July-September 2021), the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.
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Al-Ahram Weekly
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Economy
12/29/2021 1:43:00 PM
Egypt’s economy has done well during another year of Covid-19, but with rising global inflation and the new Omicron variant of the virus, the challenges are not yet over.
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Business
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Economy
12/15/2021 1:15:47 PM
Foreign investments in Egypt’s local-currency debt instruments market have rebounded after experiencing a drop amid the pandemic, helping the country to finance its larger current account deficit resulting from continued strong domestic demand and a decline in tourism revenue, which has also begun to recover, Fitch Ratings said in a new report.
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World
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Region
12/13/2021 10:10:52 AM
Saudi Arabia approved its 2022 budget on Sunday, projecting a surplus for the first time since oil prices collapsed in 2014.
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World
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International
9/7/2021 9:25:48 PM
Biden initially proposed a $6 trillion budget for 2022 as COVID-19 aid waned with a deficit of $1.8 trillion
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Business
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Economy
7/1/2021 2:16:55 PM
Minister of Finance Mohamed Maait made his comments on the occasion of the 30th of June Revolution celebration, showcasing the milestones Egypt has attained since FY2013/14
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Al-Ahram Weekly
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Economy
6/10/2021 12:28:00 PM
Egypt will soon be debuting its first sovereign sukuk bonds
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Al-Ahram Weekly
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Egypt
5/19/2021 12:39:00 PM
The main features of the government’s new budget and development plans have been revealed over the last two weeks
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Business
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Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
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Al-Ahram Weekly
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Economy
5/3/2021 9:33:00 AM
Egypt’s current account deficit increased by half in the second quarter of 2020-21
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Business
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Economy
4/28/2021 2:00:03 PM
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
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Business
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Economy
4/25/2021 7:56:43 PM
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait
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Business
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Economy
4/13/2021 11:54:40 AM
Remittances from Egyptian workers abroad rose to $7.49 billion in October-December from $6.96 billion a year earlier
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Business
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Economy
4/11/2021 6:49:39 PM
We project Egypt to attain seven percent overall budget deficit and 1.8 percent primary surplus in FY2021/22, which starts in July, said Gatti
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World
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International
4/7/2021 10:40:04 AM
Germany is struggling to control a third wave of the pandemic and is set to keep many businesses, like bars and cinemas, closed until at least later this month
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Business
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Economy
4/4/2021 1:01:47 PM
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Business
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Economy
3/25/2021 3:33:22 PM
Maait said that the FY2021/22 budget will witness an unprecedented increase in public investments in FY2021/22, with a growth rate of 27.6 percent
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Business
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Economy
3/22/2021 3:54:39 PM
The maturity date for the five-year term T-bonds is 12 January 2026, while the maturity date of the 10-year term T-bonds will be 12 January 2031
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