Egypt 2016/17 budget sees deficit of 9.8%: finance ministry
Egypt's 2016/17 budget forecasts a deficit of 9.8 percent, the Finance Ministry announced in a statement on Monday.…
Browsing Tag
Egypt’s budget
Egypt to receive AfDB’s $1.5 bln second trance before year-end: official
Egypt is likely to receive the second tranche of the African Development Bank (AfDB)’s loan before the end of the…
AfDB to sign Egypt’s $500 million loan today
Egypt is to sign Thursday a $500 loan with the African Development Bank (AfDB) in the presence of Egyptian Prime…
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…
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…