UAE says Egypt Subsidy Cut ‘First Step’ in Broader Strategy
The United Arab Emirates, which is backing Egypt with billions of dollars in aid, said its ally’s decision to raise…
Browsing Tag
Egypt’s budget deficit
Egypt Plans to Issue EGP214.5 billion Treasury Bills, Bonds in Q2
Egypt’s Ministry of Finance announces on Thursday plans to issue treasury bill and treasury bonds totalling EGP…
Egypt’s Budget Deficit Hit 12.8% in FY2013/14: Finance Ministry
Egypt's state budget deficit hit EGP 255.4 billion – 12.8 percent of GDP – in the fiscal year 2013/14, according to…
Egypt Seeks to Trim Budget Deficit to 8% by 5 Years: Finance Minister
The Egyptian government is planning to trim its budget deficit to 8 percent of gross domestic product in five years…
Sisi Has a Good First 100 Days—at The Cost of Political Freedom
When he addresses the UN General Assembly on September 25th, Abdel Fattah al-Sisi will surely have reason to feel…
Egypt Plans to Auction $9 billion T-bonds in August
Within this August, Egypt's Finance Ministry plans to launch debt instruments totalling 64.5 billion Egyptian…
Fitch Says Egypt’s Fuel Price Hikes Positive for Credit Profile
Recently announced fuel price hikes are an important step toward reducing subsidies that contribute to Egypt's…
Eastern Tobacco Announces Cigarette Price Increases amid Egypt New Tax
Egypt's cigarette monopoly Eastern Tobacco (EAST.CA) announced Monday that it modified cigarettes prices for local…
Egypt’s Sawiris Calls to Cut Energy-intensive Industries’ Subsidies
Egyptian business tycoon Naguib Sawiris has commended Sunday the government's decision to raise fuel and…
Egypt Government to Borrow EGP5.5 billion Tomorrow
Egyptian Ministry of Finance is set to launch new short term Treasury bills (T-bills) worth 5.5 billion Egyptian…