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Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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Business
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Economy
7/25/2023 9:03:25 PM
Revenue from the Suez Canal and tourism in Egypt rose by 22.3 percent and 25.7 percent, respectively, during the first nine months of the fiscal year (FY) 2022/2023, while remittances from Egyptian expats dropped over 26 percent, according to a report published by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
7/14/2023 5:43:00 PM
Egypt's Minister of Finance Mohamed Maait said the initial outcomes of the financial performance and the final account statement for the budget of the Fiscal Year 2022-2023 (which ended in June) indicated that most of the government's financial targets had been achieved.
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Business
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Markets & Companies
7/13/2023 9:21:21 PM
The Egyptian Exchange (EGX) indices saw mixed performance during the week ending on 13 July—the week started with declines caused by concerns over the current fiscal gap in Egypt and the economy's downgrade on the MSCI index.
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Al-Ahram Weekly
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Sufra Dayma
7/11/2023 8:30:36 PM
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Business
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Economy
7/9/2023 3:30:05 PM
Egypt's digital exports are projected to reach approximately $5.5 billion in the fiscal year 2022/2023, up 12.2 percent from $4.9 billion in FY2021/2022, Minister of Telecommunications and Information Technology Amr Talaat stated on Saturday.
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Business
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Economy
6/28/2023 8:51:45 PM
Egypt is allocating EGP 202 billion ($6.54 billion) of its budget for the fiscal year 2023/24 to pensions, a six percent increase compared to EGP 191 billion in the current fiscal year, according to a statement by the Ministry of Finance on Wednesday.
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World
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War in Ukraine
6/25/2023 5:41:01 PM
They have sun-bathed bare-chested together in remote Siberia, shared fishing holidays and played on the same ice hockey team.
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Business
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Economy
6/22/2023 9:07:21 PM
Egypt is expected to import 12 million tons of wheat during the fiscal year 2023/2024, up from 11.6 million tons in 2022/2023, to reclaim its position as the world's top wheat importer, according to a report by the Food and Agriculture Organization of the United Nations (FAO).
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Egypt
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Tourism
6/21/2023 9:32:01 PM
The Ministry of Environment has contracted an international marine life expert to conduct an in-depth study of movement and behavioural patterns of sharks on the coasts of the Red Sea in order to reduce fatal encounters between swimmers and the fish as well as preserve environmental balance in the habitat.
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Business
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Economy
6/17/2023 5:18:41 PM
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June, Egypt’s Minister of Finance Mohamed Maait said on Friday.
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World
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International
6/14/2023 9:03:00 PM
At least 79 migrants died after their fishing boat sank off the Peloponnese, Greece's coastguard said Wednesday, as fears mounted that the death toll could rise much higher.
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World
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International
6/8/2023 4:59:13 PM
Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday, a day before the new budget is to be presented to the national assembly.
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Al-Ahram Weekly
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Sufra Dayma
6/6/2023 10:40:38 PM
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Business
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Economy
6/4/2023 2:17:00 PM
Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion from $15.6 billion in the same period a year earlier, according to data from the Central Bank of Egypt (CBE) in May, adding further strain to the country's foreign currency reserves.
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Business
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Economy
5/28/2023 1:02:03 PM
France is in "very close talks" with debt rating agency Standard and Poor's, Prime Minister Elisabeth Borne said Sunday, after a downgrade from rival Fitch reignited government finance concerns in the EU's second-largest economy.
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Sports
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World
5/24/2023 10:56:22 PM
Rodrygo struck a late winner for Real Madrid in a 2-1 La Liga victory over Rayo Vallecano and raised his fist into the air in a nod to team-mate Vinicius Junior.
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Business
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Economy
5/21/2023 5:45:49 PM
Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Business
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Markets & Companies
5/16/2023 3:46:29 PM
Egypt is preparing two state-owned companies to be offered as investments before the end of the current fiscal year, Mohamed Metwally, CEO of NI Capital, the Egyptian government financial adviser announced.
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Business
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Economy
5/9/2023 3:16:58 PM
Egypt’s government has increased its budget deficit estimate to 6.9 percent of GDP for the fiscal year (FY) 2023/2024, which starts on 1 July, compared to an earlier estimate of 6.3 percent, Minister of Finance Mohamed Maait stated in front of the House of Representatives on Tuesday.
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