budget

Parliament speaker denies rumours of budget increase
Egypt

Parliament speaker denies rumours of budget increase

Parliament Speaker Ali Abdel Aal has rejected media reports that the Finance Ministry has increased parliament's budget, making up for…
National Defense Council approves Interior Ministry budget
Business

National Defense Council approves Interior Ministry budget

The Defense and National Security Council approved on Sunday the budget allocated for the Interior Ministry. The council also called…
Govt plans infrastructure investment fund: minister
Business

Govt plans infrastructure investment fund: minister

The government is in the process of establishing a specialized fund for infrastructure investments, Planning Minister Ashraf al-Araby said on…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
Business

Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic bonds (sukuk) as a means…
Egypt to set 2016-17 budget at devalued exchange rate
Business

Egypt to set 2016-17 budget at devalued exchange rate

Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
Business

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
Squeezed by budget and Islamic State, Iraqi health system struggles
Health & Fitness

Squeezed by budget and Islamic State, Iraqi health system struggles

Iraq's prime minister responded to protests this summer over failing public services by launching a campaign against corruption and mismanagement,…
Export development funds up to LE3.7 bn
Business

Export development funds up to LE3.7 bn

Budget allocations for the Exports Development Fund have increased to LE3.7 billion from LE2.6 billion, Trade and Industry Minister Tareq Qabil…
Egypt’s budget deficit widens to LE68.3 bn in July-Aug: ministry
Business

Egypt’s budget deficit widens to LE68.3 bn in July-Aug: ministry

Egypt’s overall budget deficit widened to 2.4 percent of the gross domestic product (GDP) reaching LE 68.3 billion for July-August…
LE1.5 billion earmarked for parliament, municipal polls: FM
Business

LE1.5 billion earmarked for parliament, municipal polls: FM

The Finance Ministry has allocated LE1.5 billion to cover expenditures on the House of Representatives elections, as well as polls…
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