budget deficit

Report: IMF loan expected next month
Business

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

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

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

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

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

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

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

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

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

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…
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