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Business - Economy
INTERVIEW- Egypt’s GDP growth expected at 2.8%, account deficit to expand to 4.6% of GDP: IMF’s Azour
2/4/2021 2:08:23 PM
Egypt’s medium-term strategy will reduce public debt over four years, the director of the IMF’s Middle East and Central Asia department said
Business - Economy
Egypt’s current account deficit doubles to $2.8 bln owing to coronavirus: CBE
2/1/2021 2:13:37 PM
The CBE attributed the 'temporary increase' to the drop in services surplus by 78.3 percent to register $876.3 million, down from $4 billion
Business - Economy
Egypt's current account deficit widens to $2.8 billion in July-Sept
1/31/2021 11:26:13 PM
Revenues from tourism plunged to $801 million in July-September from $4.2 billion a year earlier, the central bank said
Business - Economy
Egypt needs to decrease its debt to address budget deficit: IMF
1/28/2021 3:43:59 PM
The coronavirus is the top fiscal risk, followed by an expected increase in commodities' prices and sovereign borrowing costs, Mauro said
Business - Economy
IMF expects global public debt to rise to 98% of GDP, fiscal deficits to decline to 5%
1/28/2021 3:12:46 PM
The IMF projects deficits to hover around -13.3% in advanced economies, -10.3% in emerging markets, and -5.7% in developing countries
Business - Economy
Emerging markets to suffer deficits in 2021; delayed vaccines could impose big challenges: IMF
1/27/2021 4:28:46 PM
The IMF warned that an uneven global economic recovery from COVID-19, driven by delayed healthcare and vaccine solutions, is expected to cause a formidable challenge for emerging and frontier economies
World - Region
IMF urges deficit control in Tunisia even as protesters demand jobs
1/23/2021 10:35:30 AM
Violent protests have hit Tunisia at a time of unprecedented economic hardship in the North Africa country that ran a fiscal deficit of 11.5% of GDP in 2020, the highest in nearly four decades
Egypt - Politics
State revenues expected to drop by EGP 150 bln in FY 2020/21 owing to coronavirus
1/16/2021 2:55:00 PM
The pandemic has thwarted efforts to decrease the budget deficit to a targeted 6.3 percent, the finance minister said
Business - Economy
Egypt’s budget deficit to GDP ratio receded to 3.6% in first half of FY2020/21, revenues rose by 16%
1/14/2021 2:53:47 PM
Egypt's current FY2020/21 managed to attain positive indices despite the harsh impacts of COVID-19, said Minister of Finance Mohamed Maait.
World - Region
Oman foresees $5.7 bn deficit in pared down 2021 budget
1/1/2021 4:50:18 PM
The government plans to finance 73 percent of the deficit through borrowing on local and international markets, and the rest from state reserves
World - Region
Algerian president approves budget with gaping deficit
12/31/2020 8:52:23 PM
Earlier this year Tebboune acknowledged the economy's "vulnerability" due to its failure for decades to diversify its oil dependent economy
Business - Economy
Egypt targets 2% initial surplus-to-GDP ratio, 6.3% budget deficit in FY2020/21: CBE
12/29/2020 5:11:36 PM
Egypt’s government offered international bonds worth $5 million in May 2020
World - Region
Saudi 2021 budget set to cut spending to tame deficit
12/15/2020 11:07:00 PM
Business - Economy
Egypt’s account deficit to hike to 5% of GDP in 2020: Fitch
12/3/2020 7:16:00 PM
Measures taken by the Central Bank of Egypt to restructure credit facilities to the distressed tourism sector are likely to provide some relief, Fitch Ratings said
Business - Economy
Egypt’s capital inflows fell by half in FY2019/20 amid coronavirus pandemic: CBE
12/1/2020 1:37:10 PM
The report revealed that the current account deficit incresaed to $11.2 billion from $10.9 billion in F 2018/19
Business - Economy
Egypt's current account deficit widens to $11.2 billion in 2019/20
11/30/2020 8:36:01 PM
Sports - World
Two-goal Cavani inspires Man United comeback win at Southampton
11/29/2020 7:33:45 PM
Manchester United came back a two-goal deficit to win the game 3-2
World - Region
Sudan inflation soars, raising spectre of hyperinflation
11/29/2020 1:54:48 PM
Sudan is counting on a reform programme drawn up with the IMF to help get control of the deficit
World - Region
Tunisian parliament, cbank chief tell govt to cut spending plans
10/28/2020 8:32:00 PM
The central bank governor made his request after the government last week asked the bank to buy treasury bonds to help finance a fiscal deficit equivalent to an estimated 14% of national output
Business - Economy
Egypt’s trade balance deficit declines by 20.5% in August: CAPMAS
10/27/2020 3:30:11 PM
CAPMAS said Egypt’s exports witnessed 9.4% drop in August to record $1.9 billion, down from $2.11 billion in August 2019, due to the decline in number of exported commodities value
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