AfDB board gives nod to $500 million Egypt loan
The African Development Bank’s (AfDB) board of directors has approved Tuesday to pass US$500 million loan to…
Browsing Tag
Egypt’s budget
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Egypt in talks with IMF for $5.5bn loan to support budget: Minister
Egypt is negotiating with the International Monetary Fund (IMF) for a US$5.5 billion loan to support the state…
Egypt Shares Gain EGP3.3 billion Tuesday, EGX30 Nears 8430
Egypt's stocks revived on Tuesday, closing with gains worth 3.3 billion Egyptian pounds powered by non-Arab foreign…
Egypt Stocks end in Red on Wednesday over New Taxes
Following imposing a 10% tax on capital gains and stock dividends, Egypt's stocks closed lower on Wednesday with…
Egypt braces for EGP44bn Fuel Subsidy Cuts in new Fiscal Year – Minister
No time has been set to raise Egypt's fuel prices, the finance minister announced on Monday in an effort to appease…
Egypt Sees 10% Budget Deficit for Coming Fiscal Year – Minister
Egypt's finance minister said on Tuesday he expects the new budget deficit to stand at 10 % in the coming fiscal…
Egypt Stocks Lose EGP4.8 billion on Tuesday
Egypt's stocks closed lower on Tuesday incurring losses totalling 4.8 billion Egyptian pounds driven by local…
Egypt’s Sisi Stalls FY2014/15 State Budget over Domestic Debt Concerns
Egypt's newly-elected President Abdel-Fattah al-Sisi announced on Tuesday that he was not able to ratify the…
Capital Gains Tax ‘Pivotal’ to Egypt’s Budget; Says Investment Minister
The capital gains tax on the stock market is pivotal to finance Egypt's budget, said the newly-appointed Investment…
