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Business
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Economy
12/5/2024 6:05:32 PM
Ahram Online spoke to Holger Floerkemeier, director of the Middle East Regional Technical Assistance Centre (METAC), about the role of the International Monetary Fund (IMF)'s METAC in supporting fiscal policies, increasing tax revenues, and improving debt management in the region, including Egypt.
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Egypt
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Foreign Affairs
11/25/2024 4:42:37 PM
Minister of Foreign Affairs Badr Abdelatty revealed on Monday that Egypt has incurred losses amounting to $8 billion due to a significant drop in the Suez Canal revenues amid the ongoing Middle East conflicts, especially the Israeli aggression against Gaza and Lebanon.
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Business
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Economy
11/12/2024 6:21:07 PM
Egypt's tourism revenues are projected to grow by seven to eight percent by the end of 2024, according to Amr El-Kady, CEO of the Egyptian Tourism Authority (ETA).
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Al-Ahram Weekly
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Economy
9/30/2024 7:52:00 PM
Egypt’s ports are aiming to increase their revenues by focusing on developing infrastructure and services.
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Business
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Economy
9/11/2024 10:29:15 PM
The acquisition of Centamin, the owner of the Pharaoh Gold Mines NL, by AngloGold Ashanti will not affect Egypt's rights or revenues from the Sukari Gold Mine (SGM), the Ministry of Petroleum and Mineral Resources announced in a statement on Wednesday.
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Sports
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World
9/11/2024 5:19:59 PM
Manchester United on Wednesday posted net losses of £113.2 million ($148 million) for 2023/24 despite earning record revenues -- their fifth straight year of losses.
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Business
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Markets & Companies
8/15/2024 3:26:02 PM
Egyptian Fawry for banking technology and electronic payments is finalizing deals with Saudi companies to operate in Saudi Arabia by the end of 2024, according to CEO Ashraf Sabry in an interview with Asharq Business.
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Business
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Economy
8/6/2024 8:34:58 PM
Minister of Finance Ahmed Kouchouk announced in a press conference on Tuesday key indices and the financial performance FY2023/2024, which ended on 30 June, highlighting that the priority for the government in the the upcoming year is improving services provided to citizens.
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Business
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Economy
7/29/2024 3:30:05 PM
Egypt’s overall debt declined by the end of FY2023/2024, which ended on 30 June 2024, to 89 percent of the GDP, down from 95.7 percent posted at the end of the FY2022/2023, according to July's fiscal monthly report published by the Ministry of Finance.
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Business
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Economy
7/18/2024 5:52:02 PM
The revenues of the Suez Canal Economic Zone (SCZONE) hit its all-time high of EGP 8.25 billion in FY 2023/2024, marking a 36 percent growth by EGP 6.07 billion, compared to FY 2022/2023, SCZONE announced in a statement on Thursday.
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Egypt
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Urban & Transport
7/18/2024 1:45:21 PM
Egypt’s revenues from the Suez Canal declined to $7.2 billion during the fiscal year (FY) 2023/2024 from $9.4 billion in FY2022/2023 due to ongoing Red Sea tensions, Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Thursday.
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Business
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Economy
7/8/2024 7:43:59 PM
Revenues from Egypt’s Suez Canal shrank by 57.2 percent in the third quarter (January-March) of the FY2023/2024, which ended on 30 June, due to a drop in transit receipts, revealed a statement on the country's current account performance by the Central Bank of Egypt (CBE) on Monday.
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Sports
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World
6/25/2024 9:25:35 AM
The Premier League underlined its financial muscle as the European football market grew by 16 percent to 35.3 billion euros ($37.9 billion) in the 2022/23 season, according to Deloitte.
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War on Gaza
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War on Gaza
6/13/2024 8:45:03 PM
Israel’s extremist Minister of Finance Bezalel Smotrich has decided to cut funding provided to the Palestinian Authority (PA) by 130 million Israeli new shekels NIS or $35 million from revenues collected by Israel on behalf of the PA.
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World
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War in Ukraine
5/30/2024 1:46:53 PM
EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to restrict revenues to Moscow for its war on Ukraine.
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Egypt
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Urban & Transport
5/13/2024 5:23:01 PM
The Suez Canal expects high revenues of $9 billion during the upcoming fiscal year 2024/25 despite the major blow dealt over the past months due to Houthi attacks in the Red Sea.
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Business
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Economy
5/7/2024 5:25:15 PM
Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development Program (UNDP) said in a new study.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Business
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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.
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Business
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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.
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