Egypt to implement President Sisi’s new economic policies in FY2020/2021
Egypt’s Minister of Finance Mohamed Maait has announced that the FY2020/2021 state budget includes procedures that…
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Mohamed Maait
Egypt eyes increasing financial allocations for health, education in FY 2020/21
Finance Minister Mohamed Maait has said that the government is aimed at increasing financial allocations during the…
Egypt’s domestic debt falls for first time in 11 years
Egypt’s domestic debt shrank for the first time in more than 11 years during the first quarter of the 2019/2020…
Foreign investment in Egypt treasuries hit $22 billion end-Dec.
Foreign investment in Egyptian treasuries rose to $22 billion by the end of December, Finance Minister Mohamed…
Egypt H1 of FY20 budget deficit 3.8% of GDP – minister
Egypt’s budget deficit in the first half of the financial year was 3.8 percent of gross domestic product (GDP), up…
Egypt’s debt to reach 83% of GDP in FY2019/20
Egypt’s public debt is expected to decline this financial year at 83 percent from 90.5 percent at the end of last…
Egypt considers new amendments to PPP law: minister
Egypt is considering new amendments to a law that governs public-private partnerships (PPP) in a bid to increase…
Egypt to issue green, Islamic, variable-yield bonds within 2 years: minister
Egypt is looking to issue three new bond offerings within the next two years, its Finance Minister Mohamed Maait…
Egypt’s foreign reserves sufficient to cover imports for 8 months – minister
Egypt’s foreign reserves are sufficient to cover imports for more than eight months, its minister of finance…
Egypt to cut government spending by 6.5% in 2020
Egypt aims to decrease government spending in the 2020 budget by 6.5 percent, compared to the current fiscal year…