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Egypt
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Urban & Transport
1/2/2024 12:55:47 PM
Flagship carrier EgyptAir carried 2.8 million passengers in the first quarter of the fiscal year 2023/2024, a six percent increase over 2.6 million in the same quarter of the previous FY, according to press remarks by the Minister of Civil Aviation Mohamed Abbas Helmy on Tuesday.
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Business
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Economy
12/27/2023 12:55:19 PM
The Central Bank of Egypt (CBE) has announced that banks in the country will be closed on Monday, 1 January, on the occasion of the end of the fiscal year for banks operating in the country, according to a statement by the CBE
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Business
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Economy
12/26/2023 6:49:42 PM
Egypt is poised to begin the second stage of the Decent Life initiative, comprising a series of countryside-focused national infrastructure projects, in the coming fiscal year 2024/2025, Minister of Planning and Economic Development Hala El-Said said on Tuesday.
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Business
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Economy
12/17/2023 3:34:16 PM
Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024, according to a recent report by the Institute of International Finance (IIF).
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Business
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Economy
12/10/2023 7:14:27 PM
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current fiscal year (FY) 2023/24, said Minister of Planning and Economic Development Hala El-Said.
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Business
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Economy
12/6/2023 6:53:03 PM
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Economy
12/4/2023 5:09:23 PM
Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance on Monday.
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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
11/26/2023 12:12:28 PM
The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to an official statement on Saturday.
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Business
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Economy
11/16/2023 10:42:04 AM
The Egyptian government increased investments in the agriculture and irrigation sector by 71 percent year-on-year (YoY) to EGP 116.6 billion ($3.77 billion) for the fiscal year (FY) 2023/2024, according to a report by the Ministry of Planning and Economic Development on Wednesday.
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War on Gaza
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War on Gaza
11/11/2023 12:17:11 PM
Fistfights break out in bread lines. Residents wait hours for a gallon of brackish water that makes them sick. Scabies, diarrhea, and respiratory infections rip through overcrowded shelters. And some families have to choose who eats.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/30/2023 5:43:56 PM
The Egyptian government is planning to create around 800,000 new jobs during the fiscal year 2023/2024, according to a report by the Ministry of Planning and Economic Development on Sunday.
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Business
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Economy
10/11/2023 3:03:47 PM
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates, Ruud De Mooij, deputy director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/8/2023 5:16:00 PM
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
9/25/2023 10:20:22 AM
Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis.
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Business
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Economy
9/24/2023 2:55:39 PM
Egypt has revised up its projected total investments in oil and natural gas to $9 billion (EGP 277 billion) during the fiscal year 2023/24, according to Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Egypt
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Foreign Affairs
9/23/2023 5:27:37 PM
After Kyiv announced sending 17,600 tons of grain to Egypt, Moscow said it had delivered more than eight million tons of wheat to Egypt over the past fiscal year.
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