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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World
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International
3/9/2023 8:37:20 PM
US President Joe Biden's budget blueprint released Thursday proposes cutting deficits by nearly $3 trillion in the next decade along with a minimum tax on the wealthiest, an announcement seen as a build-up to his reelection pitch.
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Business
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Economy
3/6/2023 3:17:57 PM
Egypt’s budget deficit rose to four percent of gross domestic product (GDP) during the first half (1H) of FY 2022/2023 (July-December 2022) to over EGP 367 billion, stated a report by the Ministry of Finance on Monday.
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Business
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Economy
3/5/2023 10:53:00 PM
Egypt's Minister of Finance Mohamed Maait said an annual package of EGP 150 billion to increase salaries and pensions decided by President Abdel-Fattah El-Sisi will cost the state's treasury an estimated amount of EGP 150 billion.
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Multimedia
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In Pictures
3/5/2023 10:57:04 AM
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World
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International
3/5/2023 10:24:45 AM
China has the world's largest standing army and navy, with Beijing announcing on Sunday the biggest increase to its military budget since 2019.
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World
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International
3/4/2023 10:52:20 AM
China says increases in its defense budget have been “appropriate and reasonable” and are aimed at "meeting the complex security challenges and for China to fulfill its responsibilities as a major country."
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Egypt
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Politics
2/15/2023 4:04:48 PM
Egyptian House of Representatives' Budget Committee approved on Tuesday a two-month extension to Law 161/2022 allowing Egyptian expats to import tax-free cars after paying their price in foreign currency.
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Business
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Economy
2/13/2023 2:39:38 PM
Egypt is adopting an economic reform trajectory that contributes to supporting its financial discipline and decreasing debt to GDP ratio and budget deficit, Minister of Finance Mohamed Maait told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday.
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Egypt
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Politics
2/4/2023 11:21:37 PM
Due to the ongoing global economic crises, the World Youth Forum (WYF) has announced that it is cancelling this year’s edition of the annual event and that its budget will be redirected to supporting five development initiatives.
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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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Business
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Economy
1/23/2023 9:11:26 PM
Egypt will run within weeks a social dialogue on the country's 2023/24 budget to decide the priorities of public spending, the Ministry of Finance said in a statement on Monday.
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Arts & Culture
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Screens
1/19/2023 7:01:16 PM
Alec Baldwin is to be charged with involuntary manslaughter over the accidental shooting of a cinematographer on the set of the low-budget western "Rust," a prosecutor said Thursday.
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Business
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Economy
1/18/2023 10:50:00 PM
Egypt's Prime Minister Mostafa Madbouly said the cost of wheat subsidies will reach EGP 95 billion by the end of the year, up from EGP 38 billion.
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Al-Ahram Weekly
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Egypt
1/17/2023 10:22:31 PM
How will the unprecedentedly high interest rates on certificates of deposit affect the economy as a whole, asks Nahla Abul-Ezz
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World
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Region
1/5/2023 4:38:36 PM
Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023 budget that seeks to boost revenues to the cash-strapped treasury.
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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
12/26/2022 5:10:09 PM
The Ministry of Finance’s departments were mobilised this week to prepare Egypt's new FY2023/24 budget aiming for a 5.5 percent growth rate amid global economic crises exerting tremendous pressure on world economies, including Egypt.
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Business
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Economy
12/7/2022 6:30:51 PM
Egypt will receive the first tranche of its $3 billion IMF loan immediately after the IMF board meeting on Friday 16 December, or within 10 days, said head of the House's Budget Committee Fakhri El-Fiqi, who affirmed the loan will help shore up the country's foreign currency reserves.
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World
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War in Ukraine
12/3/2022 11:47:00 AM
Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine.
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