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World
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Region
1/24/2023 5:45:49 PM
The UN agency for Palestinian refugees, UNRWA, appealed Tuesday for $1.6 billion for its work in 2023, as it struggles to overcome chronic budget shortfalls.
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World
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Region
12/27/2022 3:29:49 PM
Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.
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Business
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Economy
11/27/2022 8:26:30 PM
The Central Bank of Egypt offered on Sunday Egyptian pound-backed treasury bills (T-bills) with a total value of EGP 28.5 billion over two maturity types.
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World
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War in Ukraine
10/25/2022 2:18:02 PM
Ukrainian President Volodymyr Zelensky on Tuesday asked the international community to cover an expected budget deficit of $38 billion next year for his war-torn country, with Moscow's invasion also badly hitting the economy.
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Business
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Economy
10/23/2022 10:26:57 PM
Finance Minister Mohamed Maait said on Sunday that Egypt aims to cut the public budget deficit to only four percent; a figure that has not been achieved for 42 years.
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Business
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Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.
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Al-Ahram Weekly
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Egypt
8/31/2022 9:54:00 AM
Finance Minister Mohamed Maait slams foreign reports which claim Egypt is facing a financial crisis, reports Al-Ahram Weekly.
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Business
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Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.
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Egypt
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Urban & Transport
7/25/2022 2:19:32 PM
Minister of Transportation Kamel El-Wazir revealed on Sunday evening that the ministry is conducting a study to implement “a small increase” in the fares for the Cairo Metro and railway trains, as the ministry is attempting to reduce a large budget deficit due to the increase in expenses amid global inflation.
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Business
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Economy
6/27/2022 6:34:14 PM
Egypt is expected to attain a 6.2 percent in real GDP growth by the end of the current FY2021/22 — which will conclude by the end of June — with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to Minister of Finance Mohamed Maait.
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Business
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Economy
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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Al-Ahram Weekly
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Economy
3/29/2022 8:34:20 PM
Egypt is borrowing in Japanese yen in an effort to diversify its foreign currency resources, writes Doaa A. Moneim
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Business
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Economy
3/24/2022 9:40:37 PM
Egypt's budget deficit hit EGP 368 billion from July 2021 to February 2022, compared to EGP 320 billion during the same period a year earlier, the Finance Ministry said in a report Thursday.
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Business
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Economy
3/22/2022 3:32:01 PM
Egypt lowered its expectation for real GDP growth in upcoming FY2022/2023 – which starts 1 July – to 5.5 percent, down from 5.7 percent expected in January, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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Business
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Economy
7/1/2021 2:16:55 PM
Minister of Finance Mohamed Maait made his comments on the occasion of the 30th of June Revolution celebration, showcasing the milestones Egypt has attained since FY2013/14
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Al-Ahram Weekly
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Economy
6/10/2021 12:28:00 PM
Egypt will soon be debuting its first sovereign sukuk bonds
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Al-Ahram Weekly
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Egypt
5/19/2021 12:39:00 PM
The main features of the government’s new budget and development plans have been revealed over the last two weeks
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Business
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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
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Business
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Economy
4/25/2021 7:56:43 PM
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait
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Business
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Economy
4/11/2021 6:49:39 PM
We project Egypt to attain seven percent overall budget deficit and 1.8 percent primary surplus in FY2021/22, which starts in July, said Gatti
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