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" FY2020 2021"

30 results

Business - Economy
10/25/2021 2:03:37 PM
Egypt is planning to increase the amount of green projects that will be implemented within the state’s national investment plan to around 50 to 60 percent of all investments by FY2024/2025, up from the 15 percent executed in FY2020/2021 — which ended in June — said Minister of Planning and Economic Development Hala El-Said.

Business - Economy
10/10/2021 2:56:50 PM
Egyptian expats' remittances reached $31.4 billion in FY2020/2021, increasing 13% compared to FY2019/2020 and 70% compared to FY2013/2014, Minister of Planning and Economic Development Hala El-Said announced on Sunday.

Business - Economy
6/2/2021 4:59:23 PM
Egypt’s FY2021/22 is expected to be rolled out as of 1 July with a total budget value of EGP 2.6 trillion, the biggest in Egypt’s history, increasing from a value of EGP 2.2 trillion for the current FY2020/2021 budget

Business - Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE

Business - Economy
4/28/2021 2:00:03 PM
Maait said budget deficit to GDP ratio is expected to decrease to 6.7 percent, down from the projected 7.07 percent in the current FY2020/2021

Business - Economy
4/26/2021 6:15:09 PM
Egyptian expat remittances are expected to rise in FY2021/22 by 7 percent to record $30 billion, up from $28 billion posted in FY2020/21, according to El-Said

Business - Economy
3/25/2021 1:03:46 PM
Maait noted that such a robust public revenues performance assured the Egyptian economy success in recovering from the pandemic rapidly

Business - Economy
3/4/2021 11:53:15 AM
The government allocated EGP 52.963 billion for fuel subsidies for FY2020/21, according to the finance ministry

Business - Economy
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.

Business - Economy
12/8/2020 1:51:59 PM
60.6 billion of public investments were allocated to upgrade the petroleum and mineral resources sector in the current FY2020/2021, representing 8.2 percent of total public investments

Business - Economy
11/10/2020 5:45:03 PM
The report also unveiled that the government debt to GDP ratio is projected to increase by end of FY2020/2021 to reach 96 percent, up from 90.6 percent expected in October

Business - Economy
11/8/2020 11:56:36 AM
S&P expects Egypt to attain positive economic growth of 2.5 percent in FY2020/2021, projecting it to go up to 5.4 percent by 2022 despite the ongoing challenges of the COVID-19 pandemic

Business - Economy
11/5/2020 5:52:44 PM
The number of development projects in North Sinai now stands at 170, with public investments worth EGP 4.58 billion in FY2020/2021

Business - Economy
11/4/2020 4:40:01 PM
Citizen Plan aims to ensure that returns on investment reach all citizens across the country as a part of Egypt's Vision 2020

Business - Economy
10/29/2020 5:23:48 PM
A ministerial report clarified that the urban development sector’s share in Egypt’s gross domestic product (GDP) at constant prices is expected to reach about EGP 706 billion during FY2020/2021

Business - Economy
10/17/2020 1:38:31 PM
It is hoped 30 percent of investments will be allocated for green projects in the coming FY 2021/2022 budget, El-Said stated

Business - Economy
9/27/2020 7:41:17 PM
Suez Canal revenues increased to $467.8 million in August, up from $440.1 million in July

Business - Economy
9/9/2020 12:22:20 PM
The current FY2020/2021 came into effect in July with a total budget of EGP 2.2 trillion, the largest in Egypt's history

Business - Economy
8/24/2020 5:02:44 PM

Business - Economy
8/16/2020 2:43:17 PM
The allocations also included EGP 500 million for the Ministry of Labour Power, to disburse a third payment to irregular labourers

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