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" FY 2022 23"

16 results

Business - 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.

Business - Economy
6/21/2023 3:06:13 PM
Suez Canal revenue surged by 35 percent to $9.4 billion in FY 2022/23, up from $7 billion the previous year, according to Suez Canal Authority (SCA) Chairman Osama Rabie.

Business - 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.

Business - Economy
3/21/2023 2:56:12 PM
Egypt's parliament – the House of Representatives – approved Monday a bill amending the current FY2022/23 budget to earmark an additional EGP 165 billion to fund President Abdel-Fattah El-Sisi's new package of wage and pension hikes and social protection programmes.

Egypt - Tourism
12/11/2022 6:30:38 PM
Egypt targets tourism investments of about EGP 7.4 billion in the fiscal year 2022/2023, compared to EGP 6.2 billion in 2021/22, a growth of 19.4 percent, according to Minister of Planning and Economic Development Hala El-Said.

Egypt - Urban & Transport
7/14/2022 5:31:31 PM
Egypt is expected to spend EGP 55 billion in annual diesel subsidies during the fiscal year FY 2022/23 after the government’s Wednesday decision to raise diesel prices for the first time in 30 months by EGP 0.5 per litre, Prime Minister Mostafa Madbouly has said.

Business - Economy
7/10/2022 5:33:24 PM
Egyptian Minister of Finance Mohamed Maait said on Sunday that EGP 356 billion of the fiscal year (FY) 2022/23 budget has been allocated for social protection and subsidization, while another EGP 400 billion will go for improving conditions of public employees including wages and compensations.

Egypt - Politics
6/21/2022 10:20:01 PM
A report prepared by the Egyptian parliament's Budget Committee showed that the state's new FY 2022/23 budget will increase allocations to the country's 596-member parliament – the House of Representatives — to EGP 1.572 billion, up from EGP 1.471 billion in FY 2021/22.

Business - Economy
6/21/2022 8:55:57 PM
Egypt needs to import five million tons of wheat for the fiscal year 2022/23, Egyptian Minister of Supply Ali Moselhi told Reuters on Tuesday.

Business - Economy
6/19/2022 11:34:00 PM
Finance Minister Mohamed Maait told MPs in a plenary session on Sunday that the drafting of Egypt's FY 2022/23 budget was prepared amid very exceptional circumstances, including foreign inflation brought about by the war in Ukraine.

Egypt - Politics
6/18/2022 5:50:10 PM
Egypt's parliament – the House of Representatives – will reconvene this week after a ten-day holiday, holding plenary sessions on Sunday, Monday and Tuesday.

Egypt - Politics
5/28/2022 10:12:20 PM
The Senate – Egypt's consultative upper house of parliament – will reconvene this week to hold plenary sessions on Sunday and Monday.

Egypt - Society
5/14/2022 3:44:41 PM
Egyptian parliament's 25 committees will hold a series of hearing sessions this week to discuss the country's new FY 2022/23 budget and socio-economic development plan.

Business - Economy
5/12/2022 4:00:31 PM
On 1 July, Egypt’s FY 2022/23 budget will be rolled out with a total value of EGP 9.2 trillion, the highest in the country’s history, growing by 16.3 percent compared to the current FY 2021/22 budget.

Egypt - Politics
5/9/2022 5:14:40 PM
Egypt's finance minister Mohamed Maait and planning and economic development minister Hala El-Said presented two statements on the draft budget of FY 2022/23 and the socio-economic development plan to the House of Representatives in a plenary session on Monday.

Business - Economy
1/5/2022 3:03:43 PM
Egypt targets a 5.7 percent GDP growth in FY 2022/23, which runs from 1 July, to record six percent in FY 2024/25, Minister of Finance Mohamed Maait said on Wednesday.