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Business
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Economy
11/13/2023 5:40:00 PM
Egypt’s total budget deficit reached 3.2 percent of GDP or more than EGP 383 billion ($12.4 billion) during the first two months (July and August) of FY2023/2024, according to the Ministry of Finance’s monthly report.
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Business
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Economy
11/13/2023 3:09:42 PM
The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills) on Monday, reported the CBE website.
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Business
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Economy
11/2/2023 2:04:09 PM
Egypt issued its second batch of Yen-denominated Samurai bonds with a value of ¥75 billion (about $500 million) in a five-year tenor and with a regular dividend of 1.5 percent, Minister of Finance Mohamed Maait said in a statement on Thursday.
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Business
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Economy
11/2/2023 11:13:02 AM
Egypt's trade balance deficit shrank by 22.3 percent in August to reach $3.88 billion, down from $4.99 billion in August 2022, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.
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Business
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Economy
11/1/2023 3:31:32 PM
Foreign assets deficit at the Egyptian banking system declined for the first time in 11 months to reach EGP 812.41 billion ($26.29 billion) in July 2023, 2.66 percent lower than the previous month, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/31/2023 7:27:24 PM
Egypt's food industry exports reached $3.9 billion in the first nine months of 2023, according to data released by the Food Export Council (FEC) on Tuesday.
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Business
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Economy
10/23/2023 5:01:26 PM
Egypt is planning to issue a batch of $500 million yen-denominated Samurai bonds for the third time before the end of November, according to Minister of Finance Mohamed Maait on Sunday.
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Business
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Economy
10/21/2023 1:56:08 PM
The US budget deficit has widened to $1.7 trillion, government data showed on Friday, in a development that could add pressure on President Joe Biden as he seeks reelection in 2024.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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Business
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Economy
10/8/2023 5:16:00 PM
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
10/4/2023 10:20:49 PM
Egypt turned a $10.5 billion deficit in its Balance of Payment (BoP) in FY2021/2022 to a surplus of $882 million in FY2022/2023, catapulted by record revenues from tourism and the Suez Canal.
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Sports
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Egyptian Football
9/29/2023 10:39:21 PM
Zamalek will be boosted by Ahmed 'Zizo' Sayed when they host Arta Solar of Djibouti on Saturday in the second leg of the CAF Confederation Cup round of 32, needing to overturn a 2-0 deficit from the first leg.
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Business
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Economy
9/12/2023 6:06:59 PM
Egypt's food industry exports rose by 10.5 percent recording $2.6 billion in the first seven months of 2023, up from $2.3 billion in the corresponding period in 2022, Minister of Trade and Industry Ahmed Samir said on Monday.
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Business
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Economy
9/11/2023 1:56:58 PM
Egypt's trade balance deficit dropped by 47.7 percent to $2.32 billion in June 2023, down from $4.43 billion in June 2922, reported the Central Agency for Public Mobilization and Statistics (CAMPAS) on Saturday.
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Sports
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Africa
9/11/2023 12:12:04 AM
Gambia staged a remarkable comeback from a two-goal deficit, scoring twice in the final 10 minutes to secure a hard-fought 2-2 draw against Congo on Sunday in the final day of the 2023 Africa Cup of Nations qualifiers.
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Business
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Economy
9/7/2023 5:37:26 PM
The Egyptian government seeks to collect $1.5 billion in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday.
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Business
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Economy
9/5/2023 9:23:12 PM
Egypt’s National Dialogue resumed sessions on Tuesday, with the economic committee debating the problems posed by high inflation, rising prices and a budget deficit.
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Business
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Economy
9/3/2023 12:37:24 PM
The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in liabilities.
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Business
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Economy
8/30/2023 6:56:39 PM
The Egyptian Cabinet approved issuing a second batch of $500 million yen-denominated Samurai bonds with a five-year tenor by the Ministry of Finance, according to a statement on Wednesday.
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Business
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Economy
8/24/2023 10:43:51 PM
Financial experts believe Egypt will gain enormous benefits from joining the BRICS bloc, including access to mechanisms which would help the country meet foreign currency crunches and budget deficits, in addition to strengthening confidence in its economy.
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