IMF upgrades UK growth outlook amid economic recovery
The UK economy is showing signs of recovery following a slowdown in late 2024, with the International Monetary Fund…
Browsing Tag
deficit
France’s trade deficit widens in Q1 ’25
France's trade balance in the first quarter of 2025 deteriorated, recording a deficit of €20.3 billion, compared to…
Germany’s economy shrinks in ’24
Germany’s economy contracted in 2024 compared to the previous year with the gross domestic product (GDP) dropping…
Italy approves 2025 budget, aims to cut deficit
Italy’s parliament approved the 2025 budget on Saturday, delivering a victory for Prime Minister Giorgia Meloni…
France sets 2025 budget deficit above 5% for growth
France’s new finance minister, Eric Lombard, announced that the 2025 budget bill will aim for a deficit "slightly…
UK deficit surpasses expectations, pressuring Reeves
The UK government recorded a larger-than-expected deficit of £79.6 billion ($103.6 billion) for the first half of…
France to present EU-compliant budget amid deficit concerns
French Finance Minister Antoine Armand announced that the government will present a budget this week that aligns…
Turkey’s trade deficit narrows in August ’24
Turkey's foreign trade balance saw a significant improvement in August 2024, with the trade deficit narrowing by…
Czech 2025 budget seeks $10.2b deficit reduction
The Czech government has unveiled a draft budget for 2025, targeting a reduced deficit of CZK 230 billion ($10.2…
Turkey’s GDP growth to slow to 3.4% in ’24 – IMF
Turkey's GDP growth is projected to slow to 3.4 per cent in 2024, with inflation remaining around 43 per cent by…
UK to face “painful” budget in October, Starmer warns
UK Prime Minister Keir Starmer has cautioned that his government’s upcoming budget statement in October will be…
Euro area current account surplus rises in June ’24
The euro area recorded a current account surplus of €51 billion in June 2024, up €13 billion from the previous…
Ukraine’s trade deficit widens to $13.6b in H1 ’24
Ukraine recorded a trade deficit of $13.6 billion in the first half of 2024, up from $10.9 billion during the same…
Egypt’s economic performance to beat June targets – minister
Egypt’s economic and financial performance is showing positive developments, with expectations to surpass targets…
Inflation, living costs impact UK’s budget deficit
UK’s budget deficit in February was larger than anticipated, according to official data, with cost of living…
Egypt’s Mohandes Insurance turns into oversubscription in 5yrs
Egyptian Mohandes Insurance said on Sunday it has succeeded in turning from deficit into technical oversubscription…
IMF keeps Egypt economic forecasts, sees FY21 inflation easing to 7.4%
The International Monetary Fund on Thursday confirmed its Egypt’s economic growth forecast of 5.9 percent this…
Egypt sees $25.6 bln deficit in FY 2019/20: ministry
Egypt expects a total deficit worth 445.1 billion Egyptian pounds ($25.76 billion) in its 1.575 trillion pound…
Egypt’s budget deficit hits EGP222.5 bln in 7 months
Egypt's budget deficit hit 222.5 billion Egyptian pounds from July to January of 2018/2019, accounting for 4.2…
Initial budget surplus hits $1.1bn in H1-FY2019: Egypt’s FinMin
Egypt achieved an initial budget surplus worth 20.8 billion Egyptian pounds ($1.1 billion) during the first half of…
Italian parliament passes budget in confidence vote, after EU deal
The Italian parliament on Saturday passed the government’s 2019 budget just ahead of an end-year deadline,…
Egypt posts $111.5 mln initial surplus in FY2018: FinMin
Egypt's Finance Minister Mohamed Maait said the government has managed to achieve an initial surplus of 2 billion…
Egypt’s revenues hike 35% in Q1-FY2018/19: minister
Egypt’s revenues increased 35 percent during the first quarter of financial year 2018/2019, according to Minister…
After current deal ends, Egypt won’t seek more funding from IMF: FinMin
Egypt's Finance Minister Mohamed Maait has told Bloomberg in an exclusive interview that Egypt will not seek…
Egypt’s budget deficit slightly lower by 1.9% in Q1 FY 2018-19
Egypt’s budget deficit for the first quarter of the fiscal year 2018-2019 slightly decreased to 1.9 percent from 2…
Egypt posts 0.2% primary surplus in first 3 months of FY2019
Egypt achieved 0.2 percent as a primary surplus of gross domestic product (GPD) during July to October of financial…
Egypt’s debt to GDP to reach 80% in 4yrs
The Egyptian government is planning to reduce the ratio of public debt to the gross domestic product (GDP) to the…
Egypt’s Trade Minister hails economic relations with Sweden
Egyptian Trade and Industry Minister Amr Nassar asserted on Sunday the importance of turning the economic and…
European stocks to open higher as Italy budget tensions rumble on
European stocks are expected to open higher Tuesday, despite ongoing friction between Italy and the European Union…
Egypt-Romania trade hits $3.6 bln in five years
The value of the bilateral trade between Egypt and Romania registered $3.6 billion (64.54 billion Egyptian pounds)…
Egypt’s economic credit rating best since 2011: minister
Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced on Saturday that Moody’s credit…
Egypt parliamentary committee recommends amendments to FY2018/19 budgeting
A number of amendments to the state budget for the next financial year 2018/2019 were suggested by the budget and…
Egypt OKs FY2016/17 final accounting budget, deficit falls 10.9%
Egypt’s parliament approved the final accounting for the financial year 2016/17 budgeting, where the total budget…
Egypt to reduce budget deficit by 6.2% in FY2019/20: CBE
Egypt's government is targeting to cut the budget deficit by 6.2 percent of the country’s total gross domestic…
Egypt eyes 5.8% GDP growth in FY2018/19 budgeting: PM Ismail
Egypt’s Cabinet approved this week the state’s budget for the 2018/2019 financial year, which aims to reach a GDP…
Egypt’s foreign debt rose to $80.8 bln in Q1-FY2017/18: c.bank
The Central Bank of Egypt (CBE) revealed Wednesday that the country's foreign debt jumped to $80.8 billion during…
Egypt’s foreign trade falls 9.4%, reaching $79.231 bln in 2017
The volume of Egypt’s foreign trade fell by 9.4 percent, registering around $79.231 billion in 2017 from $86.718…
Egypt’s foreign trade rises 2.7% in October 2017: CAMPAS
The value of Egypt’s foreign trade rose by 2.7 percent, reaching around $7.7 billion in October 2017 from $7.45…
$1.8 bln trade exchange volume between Egypt, Argentina in 2016: minister
The volume of trade exchange between Egypt and Argentina registered around $1.792 billion during 2016, said Egypt’s…
Saudi Aramco in stake sale talks with a Chinese investor: sources
Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated…