budget deficit
Egypt aims at 5.8% GDP growth in 2018/19 budget
Economy
March 24, 2018
Egypt aims at 5.8% GDP growth in 2018/19 budget
Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…
PM, Finance Ministry officials meet to discuss new budget
Economy
March 6, 2018
PM, Finance Ministry officials meet to discuss new budget
Prime Minister Sherif Ismail discussed economic indicators for the current fiscal year and the new budget for the 2018/2019 fiscal…
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
Economy
September 15, 2017
Egypt budget deficit down to 8 pct of GDP in first nine months of 2016-17
Egypt’s budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent…
MP suggests draft law to grant women immediate alimony from state banks
Features/Interviews
September 8, 2017
MP suggests draft law to grant women immediate alimony from state banks
Parliamentarian Shokry al Gendy, from the Religious Affairs Committee, has suggested amending Egypt’s personal status law to grant women the right to alimony from state…
Sisi reviews latest economic, heath, security issues in top-level meeting
Egypt
August 8, 2017
Sisi reviews latest economic, heath, security issues in top-level meeting
President Abdel Fattah al-Sisi held a presidential meeting on Monday with Prime Minster Sherif Ismail to examine recent economic developments, affairs…
Govt to reduce staffing levels to ease strain in budget
Business
August 16, 2016
Govt to reduce staffing levels to ease strain in budget
Mohamed Meit, Assistant Minister of Finance for the treasury, has announced government plans to streamline employment within the state administrative…
IMF announces three-year $12 bln funding deal with Egypt
Egypt
August 11, 2016
IMF announces three-year $12 bln funding deal with Egypt
The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Business
March 31, 2016
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
Business
February 28, 2016
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…
Govt rumored to be planning withdraw from its share in pension funding
Business
October 17, 2015
Govt rumored to be planning withdraw from its share in pension funding
In 2006, the Egyptian Government caused a stir regarding its plans to pay for pensions through official statements touting its…