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Business - Economy
4/17/2024 3:12:29 PM
Global debt is projected to increase to close to 100 percent of GDP by 2029, driven mainly by the increasing debt levels in the large economies, including China, Italy, the United Kingdom, and the US, with policy action needed to address fundamental imbalances between spending and revenues, according to the Fiscal Monitor Report released on Wednesday.

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
3/27/2024 6:10:25 PM
Egypt’s cabinet has approved in its meeting on Wednesday the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.

Egypt - Foreign Affairs
3/25/2024 4:04:16 PM
Prime Minister Mostafa Madbouly said the annual revenue of Egypt’s Suez Canal declined by more than 50 percent due to the Red Sea conflict, noting that Egypt has borne the brunt of these events.

Sports - World
2/29/2024 2:04:33 PM
Liverpool made a pre-tax loss of £9 million ($11.4 million) last season as increased commercial income failed to offset a drop in media and matchday revenues, the club's latest accounts revealed on Thursday.

Egypt - Urban & Transport
2/19/2024 6:31:27 PM
President Abdel-Fattah El-Sisi said on Monday that the revenue from the Suez Canal has dropped 40-50 percent this year, alluding to the effect of Houthi attacks on shipping in the Red Sea.

Egypt - Urban & Transport
2/8/2024 8:45:29 PM
Prime Minister Mostafa Madbouly announced on Thursday the formation of a legal and technical committee within the cabinet to evaluate investment proposals for projects expected to generate substantial foreign currency revenues ahead of proceeding with a much-anticipated Ras El-Hikma $22 billion tourism development project in the North Coast.

Al-Ahram Weekly - Egypt
2/6/2024 9:12:17 PM
Egypt’s agricultural exports reach new markets to earn record revenues

Al-Ahram Weekly - Opinion
1/30/2024 9:34:52 PM
Gamal Wagdy advises against securitising dollar revenues from Egypt’s main hard-currency earners like the Suez Canal

Business - Markets & Companies
1/30/2024 5:43:38 PM
Logistics giant UPS said Tuesday it would cut about 12,000 jobs worldwide, shortly after reporting quarterly revenues that disappointed analysts.

Sports - World
1/25/2024 12:03:54 PM
Real Madrid have climbed to the top of football's 'Money League' as the Spanish side surpassed Manchester City to become the highest revenue-generating club in 2022-23.

Business - Economy
1/23/2024 3:28:40 PM
Egypt’s tax revenue jumped 38.7 percent year-on-year (YoY) to record EGP 516.1 billion between July and November 2023, according to data released by the Ministry of Finance.

Business - Economy
1/23/2024 3:01:57 PM
Egypt’s budget deficit rose to 5.51 percent of GDP between July and November 2024 from 3.37 percent during the same period last year, according to data released by the Ministry of Finance.

Business - Economy
1/22/2024 7:16:01 PM
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.

Business - Markets & Companies
1/18/2024 8:18:37 PM
Centamin, the operator of Egypt’s largest gold mine, Sokari, increased its annual revenues from the mine to 13 percent during the full year 2023, recording $891.26 million, according to a statement on Thursday.

Opinion -
1/16/2024 10:35:52 PM
Somalia owes its achievement to extensive reforms aimed at enhancing domestic revenue, strengthening public-finance management, addressing governance weaknesses, and bolstering the central bank’s institutional and regulatory capabilities, write Mahmoud Mohieldin and Abdulqafar Abdullahi

Business - Economy
1/11/2024 11:28:49 AM
Egypt’s securitization of FX revenue will not affect assets, says Sherif Samy, former chair of Financial Regulatory Authority

Business - Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.

Business - Economy
1/8/2024 2:13:11 PM
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal, and outsourcing services to $300 billion in 2030 from around $100 billion, according to a government document released this month.

Business - Economy
1/7/2024 6:52:01 PM
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in the corresponding quarter in 2022, according to data released by the Central Bank of Egypt (CBE).

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