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Business
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Economy
4/10/2013 11:15:15 AM
Egypt might seek to increase its previously-requested $4.8 billion loan from the International Monetary Fund to cover its soaring budget deficit, the planning minister said
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Business
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Economy
3/24/2013 12:23:56 PM
Finance Minister El-Morsi El-Sayed Hegazy expects a lower budget deficit than initially forecast in 2012/13, predicts Egyptian economy will grow 2.5% in first three months of 2013
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Business
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Economy
3/13/2013 12:42:43 PM
Balancing budget only possible by cutting essential welfare says the US president
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Business
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Economy
3/10/2013 4:21:22 PM
Egypt has signed an agreement on US aid worth $190 million, with US Ambassador in Cairo Anne Patterson in attendance
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Business
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Economy
2/27/2013 7:33:50 PM
Egypt's total budget deficit rises to $17.7 bn from July to January of current fiscal year due to subsidies increases and social benefits expenditures
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Business
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Economy
2/24/2013 2:42:31 PM
The Central Bank of Egypt hopes to raise LE52.5 billion in bills and bonds by the end of the month as fiscal crisis deepens
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Business
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Economy
2/23/2013 3:36:33 PM
Credit-rating agency downgrades UK from 'Aaa' to 'Aa1' on weak economic growth and a growing budget deficit
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Business
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Economy
2/14/2013 3:34:18 PM
An IMF mission is expected to visit Egypt this month to discuss a revised loan deal with the government, although details remain scarce
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Business
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Economy
2/3/2013 8:34:23 PM
Expenditure increases push Egypt's budget deficit to LE91.5 bn for first half of 2012/13 fiscal year, up from LE73.8 bn for same period the previous year
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Business
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Economy
1/29/2013 10:35:09 AM
Israel to cut defense sector spending to reduce budget deficit. Finance Minister told Reuters there are no plans to further raise taxes
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Business
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Economy
1/20/2013 5:22:46 PM
Egyptian Finance Minister Hegazy claims 'Islamic' bonds could substantially reduce Egypt's budget deficit and welcomes Qatar's economic aid
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Business
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Economy
1/19/2013 4:28:34 PM
The International Monetary Fund is assessing Egypt's new budget-reduction procedures - the final stage before signing over a $4.8bln loan
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Business
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Economy
1/19/2013 1:03:22 PM
Greece's funding gap to grow larger, IMF expects economic aid to decrase
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Business
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Economy
12/31/2012 4:13:46 PM
Budget deficit could reach alarming levels if urgent economic reforms are not implemented, says planning minister
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Business
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Economy
12/29/2012 6:46:40 PM
Egypt has received the final tranche of Qatar's loan, and is eying further aid from Turkey and Saudi Arabia
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Business
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Economy
12/23/2012 4:46:37 PM
An increase in expenditures has pushed the budget deficit up from $9.5 billion in the same period last year
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Business
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Economy
12/6/2012 4:09:56 PM
First tranche of $2.5 bn loan from African Development Bank (AfDB), aimed at funding budget deficit and infrastructure shortfalls, to reach Egypt by end of December
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Opinion
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11/4/2012 10:47:46 AM
Barbaric capitalism together with continuing traffic jams, budget deficits, borrowing from abroad and the present regime's servile stance on Israel are some of the worries of Egyptian citizens today
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Business
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Economy
10/18/2012 6:19:35 PM
Failure to meet fuel subsidy reduction target is part of reason for failure to reduce budget deficit, finance minister says
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Business
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Economy
10/11/2012 1:00:38 PM
Christine Lagarde says Athens needs two more years to have its budget deficit in line
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