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…