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World
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War in Ukraine
9/28/2023 2:32:05 PM
Russia is set to hike defense spending by almost 70 percent in 2024, a finance ministry document published Thursday showed, as Moscow pours resources into its full-scale offensive in Ukraine.
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Business
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Economy
9/11/2023 2:14:02 PM
Egypt's President Abdel-Fattah El-Sisi is scheduled to attend the inauguration of the Asian Infrastructure Investment Bank (AIIB) meetings, held on 25-26 September, in the Red Sea resort of Sharm El-Sheikh, Finance Minister Mohamed Maait stated on Monday.
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Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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World
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International
6/12/2023 1:16:58 PM
Switzerland's federal administration was under cyberattack on Monday, blocking access to the websites of several authorities and state-linked companies, the finance ministry said.
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World
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War in Ukraine
5/16/2023 9:32:09 PM
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus' Finance Ministry said Tuesday.
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Business
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Economy
4/3/2023 3:01:51 PM
Egypt's Ministry of Finance has announced the details of the EGP 150 billion ($4.85 billion) social protection package that will increase salaries of public employees starting in April.
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Egypt
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Politics
3/12/2023 7:35:22 PM
Egypt’s finance ministry is currently putting the final touches on the new FY 2023/24 budget and will refer it to the House of Representatives in the last week of March, Yasser Omar, deputy chairman of the Egyptian House of Representatives' Budget Committee, said on Sunday.
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Business
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Economy
10/16/2022 6:56:58 PM
The Central Bank of Egypt (CBE) and the Ministry of Finance announced on Sunday that Egypt and the International Monetary Fund (IMF) have reached an agreement on the economic and structural policies and reforms for Egypt’s new IMF-backed economic reform programme.
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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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Business
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Economy
9/5/2022 5:22:11 PM
Citi Bank announced that it will share its experience and best practices on climate finance with the finance ministry and other Egyptian ministries ahead of and during the upcoming COP27 to support the country efforts on climate change.
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Business
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Economy
8/28/2022 3:17:18 PM
Egypt's finance ministry urged swift payment of taxes and due fees ahead of the end of August deadline, to benefit from tax facilities offered under the law pardoning delay in payment.
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Business
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Economy
7/5/2022 4:00:59 PM
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said on Monday, asserting that the Ministry of Finance is managing the country’s financial matters under pressure.
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War in Ukraine
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Economy
6/23/2022 4:08:21 PM
Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.
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Business
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Economy
5/15/2022 2:04:17 PM
The Central Bank of Egypt (CBE), in collaboration with the Ministry of Finance, has replaced 4.1 out of 4.3 million payroll slips for state-employees with Meeza cards, the bank announced on Sunday.
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Business
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Markets & Companies
4/17/2022 12:54:34 PM
Egypt’s government will implement a cash repayment for exporters’ arrears initiative on exported goods retroactively from 1 July 2021 with an acceleration deduction of eight percent instead of 15 percent, Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Economy
4/7/2022 1:06:02 PM
Egypt is set to launch a new phase of its automated and electronic system for tax collection as of 1 July, which will contribute to including informal business activities into the formal sector, Minister of Finance Mohamed Maait said on Thursday.
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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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War in Ukraine
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Economy
3/17/2022 8:10:45 PM
Russia's Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline.
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War in Ukraine
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Economy
3/14/2022 10:23:35 AM
Russia's finance ministry on Monday accused foreign countries of wanting to force Russia into an "artificial default" through unprecedented sanctions over Ukraine and said it would meet its debt obligations.
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Egypt
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Politics
1/18/2022 5:13:24 PM
Egyptian President Abdel-Fattah El-Sisi issued a directive on Tuesday to the finance ministry to raise the minimum wage for public sector employees from EGP 2,400 to EGP 2,700 in the state budget for the fiscal year 2022/23, the presidency announced.
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