Financial Institutions Egyptian Parliament passes FY2018/19 budgeting Amwal Al Ghad English Jun 6, 2018 0 Egyptian House of Representative has officially passed Tuesday the state budgeting of the financial year 2018/2019.
Industry & Trade Egypt’s Suez Canal revenues likely to rise 14% at end-FY2017/18 Amwal Al Ghad English Jun 4, 2018 0 Egypt's Suez Canal revenues are likely to increase by 14 percent to reach $5.6 billion at the end of financial year…
Featured Egypt OKs FY2016/17 final accounting budget, deficit falls 10.9% Amwal Al Ghad English May 31, 2018 0 Egypt’s parliament approved the final accounting for the financial year 2016/17 budgeting, where the total budget…
Financial Institutions IMF, Egypt to host inclusive growth, job creation conference next month Yomna Yasser Apr 21, 2018 The International Monetary Fund and Egypt’s central bank and government will co-host a high-level conference in…
Financial Institutions Egypt’s FinMin to address parliament on FY2018/19 budgeting Yomna Yasser Apr 15, 2018 0 Egypt's Minister of Finance Amr El-Garhy is scheduled Sunday to address the parliament on the country's new…
Financial Institutions Egypt needs more market stability before Eurobond issue: minister Yomna Yasser Feb 10, 2018 0 Egypt is monitoring the market conditions to choose the most appropriate time to launch its international bond…
Financial Institutions Foreign holdings of Egypt debt jump to $20.3 billion: minister Yomna Yasser Feb 10, 2018 0 Foreigners have invested a total of around $20.3 billion in Egyptian debt instruments since the central bank…
Financial Institutions Egypt’s finance minister expects inflation to fall 10-13% at year-end Yomna Yasser Feb 10, 2018 0 Egypt’s inflation is expected to fall between 10 to 13 percent at the end of the current year, Finance Minister Amr…
Financial Institutions Egypt to issue Eurobonds worth $4-5 bln in few days: FinMin Yomna Yasser Feb 6, 2018 0 Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within the next few days, Finance…
Industry & Trade Egypt pays $200mn in foreign oil firm arrears in January: FinMin Yomna Yasser Jan 21, 2018 0 Egypt’s Finance Minister Amr el-Garhy said on Sunday the country had paid $200 million in arrears owed to foreign…
Featured Egypt targets 8% economic growth by next years: FinMin nada nasser Jan 20, 2018 0 Egypt seeks to achieve economic growth rate between six and eight percent within the upcoming few years, said…
Banks Egypt’s external debt hits $81 billion: finance minister Yomna Yasser Jan 11, 2018 0 Egypt’s external debt has reached $81 billion, the country’s finance minister said in a television interview on…
Banks Egypt selects 5 banks to arrange next Eurobonds issuance Yomna Yasser Dec 30, 2017 0 Egypt selected five banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr el-Garhy…
Financial Institutions Egypt seeks proposals to arrange dollar bond issues – sources Yomna Yasser Dec 18, 2017 0 Egypt has asked banks for proposals to arrange U.S. dollar-denominated Eurobonds, banking sources told Reuters on…
Financial Institutions Foreign investment in Egyptian securities rises to $19 billion: minister Yomna Yasser Dec 12, 2017 0 Foreign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the pound…
Financial Institutions Egypt’s budget deficit decreases 2% in Q1-FY2017/18 Yomna Yasser Dec 7, 2017 0 Egypt's budget deficit decreased by two percent of GDP during the first quarter of financial year 2017/2018, the…
Banks Egypt to issue $3-4 bln int’l bonds: Minister Yomna Yasser Dec 6, 2017 0 Egypt will issue international bonds worth $3-4 billion as part of the country’s strategy to pay off debts through…
Banks Egypt’s general budget to be fully automated in 2018: El Garhy Yomna Yasser Dec 5, 2017 0 Egypt’s planning to finish the automation of the state’s general budget in March 2018 the Minister of Finance, Amr…
Industry & Trade Egypt to start lowering tariffs on EU cars in January 2018 Yomna Yasser Dec 5, 2017 0 Egypt will lower tariffs next January 2018 on cars imported from EU countries, Al-Ahram Arabic news website…
Financial Institutions Egypt to receive $2 bln of IMF loan by end December Yomna Yasser Dec 4, 2017 0 Egypt is expected to receive the second tranche of $2 billion, its third dispersal, of the three-year…
Financial Institutions Egypt’s debt hits 3.7 trillion pounds in 2017: minister Yomna Yasser Nov 16, 2017 0 Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled…
Banks Egypt expects to renew financing deal with global banks Yomna Yasser Oct 17, 2017 0 Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global…
Industry & Trade Tax revenues jump 31.8% in FY2016/17: Egyptian minister Yomna Yasser Oct 4, 2017 0 Total tax revenues for the financial year 2016/2017 increased by 31.8 percent 464.4 billion Egyptian pounds, from…
Financial Institutions Egypt plans dollar-denominated Eurobonds issue between Jan-Feb Yomna Yasser Oct 3, 2017 0 Egypt is planning to issue dollar-denominated Eurobonds between January and February next year, followed by a…
Financial Institutions Minister: Egypt to keep customs dollar rate at 16 pounds in October Yomna Yasser Oct 1, 2017 0 Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Banks Egypt’s inflation to rebound to 12-13% in six months: minister Yomna Yasser Sep 28, 2017 0 Egypt’s inflation is expected to rebound between 12 and 13 percent in a period of six and nine months, finance…
Industry & Trade Egypt will not increase fuel prices this financial year: FinMin Yomna Yasser Sep 27, 2017 0 Egypt will not hike prices on fuel products during the current financial year that began in July, the country’s…
Financial Institutions Egypt’s SME tax law to be finalised before year-end: minister Yomna Yasser Sep 16, 2017 0 Egypt’s Finance Minister Amr el-Garhy said Friday his ministry seeks to finalise the unified law for tax measures…
Financial Institutions Egypt weighs debut selling 1.5 billion euro-dominated bonds Yomna Yasser Sep 16, 2017 0 Egyptian policy makers are weighing plans to raise 1.5 billion euros from the country’s first sale of…
Financial Institutions Egypt looks for $4 billion up on international debt market Yomna Yasser Aug 17, 2017 0 Egypt is planning to return to the international debt markets in January to raise as much as US$4 billion to fund…
Industry & Trade Egypt sees 4.6% increase in FY2017/18 GDP: minister Yomna Yasser Aug 9, 2017 0 Egypt expects a 4.6 percent increase in gross domestic product (GDP) within the financial year 2017-2018, the…
Financial Institutions Egypt to issue $2-4 bln in USD-denominated eurobonds in Q1 2018 Yomna Yasser Aug 2, 2017 0 Egypt will issue between $2 billion and $4 billion in dollar-denominated eurobonds in the first quarter of 2018,…
Banks Egypt to lower customs dollar exchange rate to 16.25 pounds/dollar –FinMin Yomna Yasser Jul 30, 2017 0 Egypt will lower its customs dollar exchange rate to 16.25 pounds per dollar from 16.50, effective from Tuesday,…
Financial Institutions Egypt plans new Eurobond issue in Q3-FY2017/18: minister Yomna Yasser Jul 20, 2017 0 Egypt plans to issue a new Eurobond in the third quarter of the current financial year, between January and March…
EGX EGX 30 closes 1.02% higher Yomna Yasser Jul 17, 2017 0 Egypt’s stock market ended higher on Monday following Finance Minister Amr el-Garhy’s remarks about possibilities…
Financial Institutions Egypt expects third IMF loan disbursal of $2 bln between Dec, Jan: FinMin Yomna Yasser Jul 17, 2017 0 Egypt expects to receive a third loan disbursal worth $2 billion from the International Monetary Fund between…
Financial Institutions Egypt expects to receive second IMF loan disbursal next week -FinMin Yomna Yasser Jul 11, 2017 0 Egypt expects to receive a second loan instalment worth $1.25 billion from the International Monetary Fund within…
Banks FinMin sees Egypt monthly inflation rate to stabilise within 4 months Yomna Yasser Jul 10, 2017 0 Egypt expects the monthly inflation rate to stabilise within four months at between 1-1.25 percent, Egyptian…
Industry & Trade Egypt’s FinMin: No fuel price hikes before July 2018 Yomna Yasser Jul 3, 2017 0 The government has no intention to raise fuel prices again for the current financial year 2017/2018, Egyptian…
Financial Institutions Egypt will receive second disbursal of IMF loan within 2-3 weeks: FinMin Yomna Yasser Jun 22, 2017 0 Egypt is set to receive the second disbursal of a $12 billion International Monetary Fund loan within two to three…