Draft Budget Reduces Deficit To 7.9% of GDP
Egypt’s draft budget for the fiscal year that starts in July forecasts reducing the budget deficit to 7.9 percent…
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Egypt’s economy
Ozalp: Revolution’s Implications Proved The Strength of Egyptian Banking System
Mohamed Ozalp, Managing Director of BLOM Bank Egypt, affirmed that the turmoil that followed last year’s 25th…
Egypt Signs $100 Mln Debt Swap Deal With Italy
Egypt signed an agreement with the Italian government to swap a third tranche of debts worth $100 million. Faiza…
Faika El Refaie: 2.5% Gap Between The Needed Investments And The Actual Savings
Faika El Refaie, former sub-governor of Central Bank of Egypt, said there are a funding gap of 2.5% between the…
Foreign Reserves Increase For The First Time Since 2011
Central Bank of Egypt said foreign reserves rose slightly last month, their first gain since a revolution that…
CBE Fixes Interest Rates On GDP Increase By 0.4% In Q2
The Central Bank of Egypt (CBE) decide to keep lending rate steady at 10.25 percent and the deposit rate at 9.25…
Fayza Aboulnaga: Saudi Arabia To Aid Egypt
Saudi Arabia “will start implementing” a financial aid package to Egypt this month with a $1 billion deposit in the…
Egyptian Banks Offered US$ 51 Bln Finance For Imports
Tarek Amer, chairman of Federation of Egyptian Banks (FEB) and chairman of National Bank of Egypt (NBE), said…
Amr Moussa: Boosting Spending Is Vital To Economic Recovery
Amr Moussa, the front-runner in Egypt’s presidential race, is pledging to boost public spending in his first year…
Egypt’s M2 Money Supply Surges 6.7%
Egypt's M2 money supply rose 6.7 percent in the year to the end of March, the Central Bank of Egypt said on Monday.…
