Featured Egypt to roll out 2026/2027 budget prioritising social sectors Aya Anwar Jun 30, 2026 0 Egypt is preparing to implement the state budget for fiscal year 2026/2027 after approval by the House of…
Featured Greece seeks EU exemption for 2026 defence spending Aya El Sayed Apr 29, 2025 0 Greece will request an exemption from the European Union’s budget rules to allow for increased defence spending in…
Featured UK businesses to cut pay awards amid tax hikes Aya El Sayed Jan 27, 2025 0 A majority of British businesses plan to reduce staff pay awards following tax hikes announced in October's budget,…
Featured UK budget stability remains priority – Starmer Aya El Sayed Jan 13, 2025 0 British Prime Minister Keir Starmer reaffirmed on Monday that the government will adhere to the fiscal rules…
Featured France sets 2025 budget deficit above 5% for growth Aya El Sayed Dec 29, 2024 0 France’s new finance minister, Eric Lombard, announced that the 2025 budget bill will aim for a deficit "slightly…
Featured FinMin urges Russia to shield citizens from Trump’s economic impact Aya El Sayed Dec 25, 2024 0 Russia must protect its citizens from potential economic impacts under Donald Trump’s presidency, Finance Minister…
Featured Türkiye increases wages for 2025 Aya El Sayed Dec 25, 2024 0 Türkiye has increased its monthly minimum wage by 30 per cent to 22,104 liras ($627) for 2025, up from 17,002…
Featured UK business optimism hits post-pandemic low, says IoD Aya El Sayed Dec 1, 2024 0 UK's Institute of Directors (IoD) reported on Sunday that optimism among its members has plummeted to the lowest…
Featured UK house prices drop 1.4% in 4 weeks Aya El Sayed Nov 18, 2024 0 Asking prices for British houses fell by 1.4 per cent over the four weeks to November 9, surpassing the typical…
Featured UK’s Reeves announces £5.5b budget cuts Aya El Sayed Jul 30, 2024 0 Britain's new finance minister, Rachel Reeves, has unveiled plans for immediate budget cuts totaling £5.5 billion,…
Featured Turkey’s c. bank to review rates on June 27 Aya El Sayed Jun 23, 2024 0 Türkiye’s Central Bank is set to convene this week to decide on its policy rate, currently at 50 per cent, when the…
Featured Egypt aims to keep debt-to-GDP ratio below 80% by ’27 Aya El Sayed May 23, 2024 0 Egypt is implementing a comprehensive strategy to improve public debt management and aims to reduce the debt ratio…
Featured Inflation, living costs impact UK’s budget deficit Aya El Sayed Mar 21, 2024 0 UK’s budget deficit in February was larger than anticipated, according to official data, with cost of living…
Egypt News Egypt targets primary surplus of 3.5% in FY2024/25 Nada Ali Mar 19, 2024 0 Egypt aims for an initial surplus of 3.5 per cent in the general budget for fiscal year 2024/2025, with a target to…
Money Egypt’s finance minister seeks strategic partnership with NDB Sama Mousa Jan 14, 2024 0 Egypt’s finance minister Mohamed Maait said on Sunday that Egypt is seeking a strategic partnership with New…
Featured Egypt to increase spending on education, health in ’24-25 budget Sama Mousa Jan 9, 2024 0 Egyptian President Abdel Fattah al-Sisi directed the Finance Minister to increase spending on improving the lives…
News Egypt’s economic growth hits 4.2% in FY2022/23 Sama Mousa Jul 24, 2023 0 Egypt's gross domestic product (GDP) reached 4.2 percent in the past fiscal year (FY) 2022/2023, said Finance…
News Egypt targets debt to GDP ratio of 75%-80% in next 4 years – minister Sama Mousa Jul 12, 2023 0 Egypt is targeting a debt to GDP ratio of 75 percent to 80 percent in the next four years, said Finance Minister…
Money Britain caps electricity and gas prices for businesses Esraa Ibrahim Sep 21, 2022 0 Britain announced on Wednesday it would control the cost of electricity and gas for businesses from next month.
Tech/AI Egypt launches initiative to offer loans of 5% to tourism businesses Mostafa Mahmoud May 11, 2020 0 Egypt is launching a new initiative to support tourism and hospitality sectors in face of the repercussions of the…
Featured Egypt eyes increasing financial allocations for health, education in FY 2020/21 Amwal Al Ghad English Feb 17, 2020 0 Finance Minister Mohamed Maait has said that the government is aimed at increasing financial allocations during the…
Featured Egypt’s arrears to exporters mount to 25 billion pounds – minister Hesham Ibrahim Sep 23, 2019 0 Egypt’s arrears to exporters as part of the state export subsidy programme have mounted to 25 billion Egyptian…
Tech/AI Still considering secondary options for Aramco IPO: Saudi Finance Minister Amwal Al Ghad English Sep 18, 2019 0 Saudi Arabia is still considering secondary locations for the flotation of oil giant Aramco after primary location…
Featured Egypt’s unemployment rate falls to 7% – finance minister Amwal Al Ghad English Sep 9, 2019 0 Egypt’s unemployment rate fell to 7 percent from 13 percent in 2016, finance minister Mohamed Maait said on Monday.…
News Egypt’s budget deficit 8.2% down in Q2-FY20: finance minister Yomna Yasser Sep 9, 2019 0 Egypt’s budget deficit dropped to 8.2 percent of GDP in the second quarter of the financial year from 9.8 percent…
News South Korea says seeking to boost budget by nearly 9% for 2020: Finmin Amwal Al Ghad English Aug 22, 2019 0 South Korea’s finance minister said on Thursday the government was seeking to increase the budget for next year by…
Tech/AI Hammond misses his target to bring down UK’s budget deficit in FY 2018/19 Amwal Al Ghad English Apr 24, 2019 0 Britain’s finance minister Philip Hammond missed his target for bringing down the country’s budget deficit in the…
International News Turkey says seeks to take relations with EU to a new phase Amwal Al Ghad English Aug 28, 2018 0 Turkey wants to take it relations with the European Union to a new phase in a period when its trade with the bloc…
International News Iranian parliament sacks finance minister from office Amwal Al Ghad English Aug 27, 2018 0 Iran’s parliament sacked the minister of economic affairs and finance on Sunday, state media said, amid a sharp…
Egypt News Unemployment rates fall by 2.3% in 3 years: Egyptian FinMin Yomna Yasser Apr 16, 2018 0 Egypt's Finance Minister Amr el-Garhy announced that the Egyptian economic reform programme has yielded results,…
EGX Egypt targets 8-10 flotations of state firms over 18 months: FinMin Yomna Yasser Jan 22, 2018 0 Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18…
Financial Institutions Egypt’s external debt reaches $79 bln at end-2017: FinMin Yomna Yasser Jan 18, 2018 0 Egypt's Finance Minister stated Tuesday that the external debt reached $79 billion at the end of 2017, not $100…
Financial Institutions Finance Minister approves 3.7 bln Egyptian pounds in allocations for Dec. Yomna Yasser Jan 9, 2018 0 Egypt's Minister of Finance Amr el-Garhy approved 3.7 billion Egyptian pounds ($209 million) in additional…
Financial Institutions Egypt to receive next IMF loan disbursal in December: minister Yomna Yasser Nov 23, 2017 0 Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El…
MENA News Saudi billionaire Prince Alwaleed, former ministers detained in corruption probe Yomna Yasser Nov 5, 2017 0 One of Saudi Arabia’s most prominent businessmen and a former finance minister are among dozens detained in a…
Financial Institutions Egypt to narrow budget deficit by 4-5% in 2020: minister Yomna Yasser Oct 18, 2017 0 Egypt's Minister of Finance Amr El-Garhy said on Tuesday in Washington that the Egyptian government is aiming to…
Banks Egypt expects to renew financing deal with global banks Yomna Yasser Oct 17, 2017 0 Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global…
Financial Institutions Minister: Egypt to keep customs dollar rate at 16 pounds in October Yomna Yasser Oct 1, 2017 0 Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Financial Institutions Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister Yomna Yasser Aug 28, 2017 0 Egypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, Finance…
Industry & Trade Egypt sees 4.6% increase in FY2017/18 GDP: minister Yomna Yasser Aug 9, 2017 0 Egypt expects a 4.6 percent increase in gross domestic product (GDP) within the financial year 2017-2018, the…