Egypt Revises Up 2011/12 Budget Deficit To 11 Pct Of GDP
Egypt revised up its budget deficit for the 2011/12 fiscal year to 11 percent of gross domestic product from an…
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GDP
Egypt’s Interest Rates Unchanged On Falling Inflation, Rising GDP
The Central Bank of Egypt (CBE) has kept overnight deposit and lending rates unchanged at 9.25% and 10.25%…
Telecom Firms Earned SR 65 Billion In 2011
Saudi telecom companies earned SR 65 billion from their operations at the end of 2011 and realized an average…
Spanish Growth Contracts 0.4% In Second Quarter
Spanish gross domestic product contracted 0.4% in the second quarter, versus the prior quarter, according to…
Egypt Relies On C.Bank To Finance Growing Deficit
Egypt's cash-strapped government has been borrowing from the central bank on a large scale over the last 12 months,…
UAE Witnesses Credit Growth
The UAE has witnessed credit growth, and that positive development will help the country’s economy continues to…
Tourist Traffic To Egypt Picks Up After Morsy Takeover
Tourism, one of the major income-generating sectors for Egypt, contributes significantly to the gross domestic…
Parliament Dissolution Crisis Threatens Currency
The dissolution of the Egyptian parliament elected after last year's overthrow of veteran president Hosni Mubarak…
Egypt’s Govt Pumps EGP 55.6 bln New Investments
Finance minister, Momtaz Al Saeed, said the state’s general plan for the fiscal year 2012/2013 budget includes…
Egyptian Tourism Industry rebounds
The number of tourists visiting Egypt plunged by a third in 2011 according to recently revealed data from the…
