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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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Business
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Economy
5/3/2023 2:21:10 PM
Egypt's current account deficit fell by 77.2 percent to around $1.8 billion during the first half (H1) of the current fiscal year (FY) 2022/23, compared to about $7.8 billion in the corresponding period a year earlier, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Opinion
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5/1/2023 12:27:51 PM
Gender equality and fair treatment of women and girls is a moral imperative, but global data analytics, evidence and experience clearly demonstrate that including women also fosters economic growth and stability, especially in times of fiscal challenges.
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Egypt
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Society
4/29/2023 9:35:27 PM
Egypt’s Minister of Social Solidarity, Nevine El-Qabbaj, ordered on Saturday the disbursement of monthly aid worth EGP 1,000 to 70 families of fishermen suspended in Saudi Arabia for allegedly trespassing on territorial fishing waters.
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Business
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Economy
4/12/2023 9:53:49 PM
Developing countries, including Egypt, have to reduce energy subsidies as the quickest way to achieve savings amid the ongoing global challenges and also amid the oil production reduction, the Deputy Director of Fiscal Affairs Department at the International Monetary Fund (IMF) Paolo Mauro told Ahram Online.
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Business
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Economy
4/12/2023 2:13:13 PM
Egypt's general government gross debt is projected to reach 92.9 percent of GDP in 2023, read a Fiscal Monitor report by the International Monetary Fund (IMF). This would be the highest ratio since 2018, when it stood at 87.9 percent.
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Egypt
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Society
4/6/2023 9:32:10 PM
The charity Doctors Without Borders (MSF) rescued on Tuesday 440 irregular migrants from a fishing boat drifting in the international waters near Malta.
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Business
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Economy
4/6/2023 8:13:33 PM
The World Bank has revised down its forecasts for Egypt’s real GDP growth in FY2022/2023 and FY2023/2024 to four percent in each of these two fiscal years, down from 4.5 percent it projected in December of 2022.
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Egypt
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Society
4/2/2023 6:37:44 PM
The Ministry of Local Development has planted 7.2 million trees across Egypt , under the "100 Million Trees" presidential initiative, since the beginning of the fiscal year 2022/2023, minister of Local Development Hisham Amna said on Sunday.
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Egypt
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Politics
3/29/2023 11:52:28 PM
Egypt’s cabinet approved during its weekly meeting in the New Administrative Capital on Wednesday the economic and social development plan for Fiscal Year 2023-2024.
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Life & Style
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Health
3/29/2023 12:44:12 PM
Nitrosamines have been detected in foods including cured meat, processed fish, cocoa, and beer.
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Egypt
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Foreign Affairs
3/11/2023 10:05:31 PM
A Greek court in Crete sentenced a 45-year-old Egyptian man on Wednesday to 280 years in prison for human trafficking and smuggling migrants into Greece after he participated in the steering of a boat that was transporting migrants from Libya to Greece.
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Al-Ahram Weekly
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Entre nous
2/28/2023 6:28:02 PM
Certain yoga positions can help support, balance, and boost the immune system and improve breathing. And if done regularly, yoga can help to reduce stress systemically in the body, which in turn cuts down on inflammation.
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Egypt
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Society
2/28/2023 4:39:33 PM
A huge fire broke out on Tuesday in a ship-building area in the Port of Attaqa on the Red Sea in the Suez governorate.
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Business
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Tech
2/21/2023 3:05:06 PM
Egypt’s information and communication technology (ICT) sector is the fastest growing sector in the country’s economy, reaching 16.7 percent growth in FY2021/2022 compared to 16.1 percent during the previous fiscal year, according to Minister of ICT Amr Talaat.
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Sports
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World
2/14/2023 11:40:55 AM
With three fist pumps in front of the home fans, Jurgen Klopp celebrated his 250th win as Liverpool manager after beating Everton 2-0 on Monday.
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Business
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Economy
2/13/2023 4:47:27 PM
Egypt is keen to continue enhancing its structural fiscal and monetary policy reforms and maximising the role of the private sector in the economy, President Abdel-Fattah El-Sisi told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.
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Business
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Economy
2/12/2023 4:00:29 PM
Egypt’s government is helping manage many fiscal risks it is experiencing, including from public guarantees and losses by state-owned enterprises, which could destabilise debt and require drastic cuts to vital spending, the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Sunday.
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Business
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Economy
2/3/2023 11:27:00 AM
Egypt’s balance of payments (BOP) witnessed an improvement in the first quarter of FY2022/2023 (July-September), as the current account deficit has narrowed by 20.2 percent to post $3.2 billion compared to $4 billion in the same period of the preceding fiscal year, the Central Bank of Egypt (CBE) announced on Thursday.
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