Search Result
" Fiscal Year"

244 results

Egypt - Urban & Transport
5/13/2024 5:23:01 PM
The Suez Canal expects high revenues of $9 billion during the upcoming fiscal year 2024/25 despite the major blow dealt over the past months due to Houthi attacks in the Red Sea.

Al-Ahram Weekly - Egypt
4/23/2024 10:52:00 PM
Gamal Essam El-Din on the government’s budget and development plans for the new fiscal year

Business - Economy
4/9/2024 12:44:00 PM
The budget initial surplus has jumped over 8.5 folds during the first nine months of the current fiscal year (FY) 2023/2024 to EGP 416 billion (three percent of GDP), compared to EGP 50 billion (0.5 percent of GDP) in the same period of FY2022/2023, Minister of Finance Mohamed Maait announced on Monday.

Business - Economy
3/26/2024 10:34:57 PM
The state’s general budget for the fiscal year (FY) 2024/25, which begins in July, will increase allocations for health and education by 30 percent, the Egyptian presidency announced on Tuesday.

Business - Economy
3/19/2024 5:30:59 PM
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year 2024/25, while also capping public debt.

Business - Economy
3/12/2024 3:00:39 PM
Egyptian government targets a primary surplus of 3.5 percent in its GDP in the upcoming fiscal year (FY) 2024/2025, Minister of Finance Mohamed Maait announced on Tuesday.

Business - Markets & Companies
3/5/2024 11:45:00 AM
The company's financial performance for 2023 reflected strong results, with sales reaching 2.24 billion Egyptian pounds, a 23% increase over the previous year. Operating profits amounted to 74 million pounds, marking a 157% increase over the previous year. These figures were disclosed through the financial statements announced for the fiscal year 2023 for GlaxoSmithKline Egypt.

Business - Economy
1/31/2024 6:58:19 PM
The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement on Wednesday.

Business - Economy
1/30/2024 6:21:03 PM
Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF), Daniel Leigh, a division chief at the IMF’s Research Department, told Ahram Online (AO).

Business - Economy
1/16/2024 6:02:38 PM
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.

Business - Economy
1/15/2024 7:43:32 PM
Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024 from 4.4 percent in the same quarter of FY2022/2023 (July-September), according to data released by the Ministry of Planning and Economic Development on Monday.

Business - Economy
1/14/2024 8:17:07 PM
Egypt’s short-term external debt reached an all-time high at around $30.27 billion in the first quarter of the fiscal year (FY)2023/2024 – July/September – up from $28.15 billion in the previous quarter, according to data released on Sunday by the Central Bank of Egypt (CBE).

Business - Economy
1/9/2024 1:34:19 PM
President Abdel-Fattah El-Sisi has instructed the government to increase spending on improving Egyptians’ quality of life in the upcoming fiscal year 2024/2025, which starts on 1 July, Minister of Finance Mohamed Maait stated on Tuesday.

Business - Economy
1/4/2024 5:28:45 PM
Egypt's economy expanded faster than planned in the fiscal year (FY)2022/2023, driven by double-digit gains in sectors ranging from tourism to infrastructure, the Minister of Planning and Economic Development Hala El-Said stated on Wednesday.

Business - Economy
1/3/2024 8:52:21 PM
Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024 (July-September) from $6.39 billion in the same period a year earlier, according to data released by the Ministry of Planning.

Business - Economy
1/2/2024 4:06:53 PM
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Tuesday.

Egypt - 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.

Business - 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

Business - 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.

Business - 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).

2 3 4 5 6 7 8 9 10 Next >> Last