budget deficit
Report: IMF loan expected next month
Business
April 21, 2013
Report: IMF loan expected next month
Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed"…
Islamic Development Bank promises major investments in Egypt
Business
April 18, 2013
Islamic Development Bank promises major investments in Egypt
The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
Budget deficit to near LE2 bln in 2013/14 fiscal year
Business
April 15, 2013
Budget deficit to near LE2 bln in 2013/14 fiscal year
The budget deficit for the fiscal year 2013/14 is estimated to swell up to LE197.493, as compared to a deficit…
Bankers debate financing Egypt’s widening budget deficit
Business
April 14, 2013
Bankers debate financing Egypt’s widening budget deficit
Egypt’s budget deficit reached about LE146.5 billion in the first eight months of fiscal year 2012/13, equaling 8.2 percent of…
Qatar pledges additional aid, gas deal for Egypt
Business
April 10, 2013
Qatar pledges additional aid, gas deal for Egypt
Qatar will provide Egypt with natural gas to fill the gap in its energy sector, particularly as summer approaches, Qatari…
Egypt may ask for larger IMF loan, minister says
Business
April 10, 2013
Egypt may ask for larger IMF loan, minister says
Egypt might ask the International Monetary Fund to increase a previously requested $4.8 billion (LE3.1 billion) loan to cover its…
Allegations of financial corruption dog Doctors Syndicate
Egypt
March 31, 2013
Allegations of financial corruption dog Doctors Syndicate
Allegations of corruption and financial violations took center stage during Friday’s Doctors Syndicate’s general assembly meeting. Nevertheless, the Muslim Brotherhood…
Minister: Govt considering three ways to subsidize fuel next fiscal year
Egypt
March 31, 2013
Minister: Govt considering three ways to subsidize fuel next fiscal year
The government is considering three ways to identify allocations for fuel subsidies in the new fiscal year 2013/14, which starts…
Egypt calls in favors as credit crunch hits key imports
Business
March 29, 2013
Egypt calls in favors as credit crunch hits key imports
Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…
IMF mission to visit Egypt in early April for loan talks
Business
March 29, 2013
IMF mission to visit Egypt in early April for loan talks
The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with…