Ibrahim Alsahary
Despite expansion, Egypt’s Suez Canal revenue drops for 9th consecutive month in October
Egypt
November 19, 2015
Despite expansion, Egypt’s Suez Canal revenue drops for 9th consecutive month in October
Despite its expansion, Egypt's Suez Canal revenues dropped by 6.9 percent in October for the ninth consecutive month, reaching US$449.2…
Egypt’s Suez Canal revenues fall for 8th consecutive month in September
Egypt
October 26, 2015
Egypt’s Suez Canal revenues fall for 8th consecutive month in September
Egypt's Suez Canal revenues fell 4.4 percent in September for the eighth consecutive month, reaching US$448.8 million, compared to $469.7million…
Minister: Sisi will sign law privatizing electricity within days
Egypt
May 20, 2015
Minister: Sisi will sign law privatizing electricity within days
A new electricity law should be presented to President Abdel Fattah al-Sisi within days, according to Electricity and Renewable Energy minister…
Egypt plans to issue treasury bonds worth LE249 bn in Q4 2014/2015
Egypt
April 22, 2015
Egypt plans to issue treasury bonds worth LE249 bn in Q4 2014/2015
Egypt plans to issue treasury bonds worth LE249 billion in last quarter of the current fiscal year, ending on 30…
Higher budget deficit might force Egypt to introduce more austerity measures
Egypt
April 15, 2015
Higher budget deficit might force Egypt to introduce more austerity measures
The Ministry of Finance has submitted different scenarios for the Fiscal Year 2015/16 budget, none of which includes reduced fuel…
Ministry: Egypt’s budget deficit increases 50.5% in first 8 months of 2014/15
Egypt
April 4, 2015
Ministry: Egypt’s budget deficit increases 50.5% in first 8 months of 2014/15
Egypt's budget deficit has increased by 50.5 percent to reach LE186 billion (8 percent of Gross Domestic Product GDP) during…
Minister: Egypt’s spending on fuel subsidies decline by 31% in first half of FY2014–15
Egypt
March 30, 2015
Minister: Egypt’s spending on fuel subsidies decline by 31% in first half of FY2014–15
Finance Minister Hany Qadry Demian announced on Monday that Egypt's spending on fuel subsidies in the first half of the…
Presidential decree to issue new Suez Canal certificates
Egypt
March 24, 2015
Presidential decree to issue new Suez Canal certificates
President Abdel Fattah al-Sisi issued a decree on Monday to offer new certificates to the public in order to generate revenues…
CBE governor: Egypt external debt decreases to $41 billion
Egypt
March 4, 2015
CBE governor: Egypt external debt decreases to $41 billion
Central Bank of Egypt Governor Hisham Ramez said that the country's external debt recently decreased to US$41 billion, according to…
Egypt to contract with Fitch and S&P to credit rate its US$1.5 bn bond issue
Egypt
March 4, 2015
Egypt to contract with Fitch and S&P to credit rate its US$1.5 bn bond issue
Egypt’s Finance Ministry has requested from the Egyptian Cabinet to directly contract with Fitch and Standard and Poor’s (S&P) to…
Minister: Egypt to generate additional 70 GW of electricity in next 10 years
Egypt
March 3, 2015
Minister: Egypt to generate additional 70 GW of electricity in next 10 years
Investment Minister Ashraf Salman said the government is finalizing a 10-year plan that will allow Egypt to generate an additional…
UPDATE:Two Egyptian families dominate wealth with US$21.5 billion, says Forbes
Egypt
March 2, 2015
UPDATE:Two Egyptian families dominate wealth with US$21.5 billion, says Forbes
Seven men in Egypt is populated by two families Sawiris and Mansour kept their spot as the world's richest men…
Ministry: Egypt’s budget deficit increased by 32.9% to LE159bn in July-January 2014/15
Egypt
March 2, 2015
Ministry: Egypt’s budget deficit increased by 32.9% to LE159bn in July-January 2014/15
Egypt's budget deficit has increased to reach about 6.9 percent of GDyP (LE159 billion), compared to 6 percent (LE119.6 billion)…
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
Business
February 4, 2015
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
Egypt's total government debt (domestic and external) increased by 15.9 percent to LE 1.995 trillion about 86 percent of GDP…
Ministry: Egypt’s budget deficit increases 47% in first half of 2014/15
Egypt
February 4, 2015
Ministry: Egypt’s budget deficit increases 47% in first half of 2014/15
Egypt's budget deficit increased reaching about 5.7 percent of GDP, during first half of fiscal year 2014/15, compared to a…
BG to reduce spending by US$4 bn over next 4 years
Egypt
February 3, 2015
BG to reduce spending by US$4 bn over next 4 years
BG Group, the oil and gas giant, is expected to reduce spending by US$1billion a year for the next four…
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Business
January 29, 2015
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Following the shift in monetary policy, the Egyptian Pound is now more likely to encourage portfolio flows as the move…
Report: Egypt’s telecom sector exports reach $1,4 billion in 2014
Egypt
January 24, 2015
Report: Egypt’s telecom sector exports reach $1,4 billion in 2014
Egypt's telecom sector has witnessed a significant growth over the last seven years, the ministry of Communications and Information Technology…
UPDATED: Egypt falls 3 places in top 10 cheapest countries compared to US , Burgernomics says
Egypt
January 23, 2015
UPDATED: Egypt falls 3 places in top 10 cheapest countries compared to US , Burgernomics says
Egypt's ranking declined three places to be the seventh among the world’s cheapest countries according to a statistic comparing the…
IMF revises upward its 2015 GDP growth forecast for Egypt to 3.8 %
Egypt
January 22, 2015
IMF revises upward its 2015 GDP growth forecast for Egypt to 3.8 %
The International Monetary Fund (IMF) has revised upward its 2015 GDP growth forecast for Egypt 30 bps to 3.8 percent…