budget deficit
Budget deficit climbs to LE146.5 bln
Business
March 28, 2013
Budget deficit climbs to LE146.5 bln
The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
Payments figures add to pressure for IMF deal
Business
March 15, 2013
Payments figures add to pressure for IMF deal
The country's current account deficit narrowed in July-December, data showed on Thursday, but economists said it remained a major problem…
IMF: Emergency loan an option for Egypt
Business
March 11, 2013
IMF: Emergency loan an option for Egypt
The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as…
Minister: Egypt does not need IMF bridging funding
Business
March 10, 2013
Minister: Egypt does not need IMF bridging funding
Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt
March 4, 2013
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt’s foreign reserves dropped slightly to US$13.5 billion in late February, down from $13.6 billion late January, Central Bank of…
Proposal to rent Egypt monuments refused
Archaeology
February 28, 2013
Proposal to rent Egypt monuments refused
The Finance Ministry's recent proposal to rent out the country’s key monuments, including the pyramids in Giza, to fund the…
GDP grows 2.4% in first half of fiscal year
Business
February 20, 2013
GDP grows 2.4% in first half of fiscal year
Egypt’s economy grew 2.4 percent during the first half of the current fiscal year, according to a Cabinet statement Wednesday.…
In near future, experts see a wave of drastic price increases
Business
February 10, 2013
In near future, experts see a wave of drastic price increases
As the country’s economic crisis continues to administer its blistering effects on businesses and consumers, industry insiders and experts are…
Finance Ministry offers LE5.5 bn in treasury bills
Business
February 10, 2013
Finance Ministry offers LE5.5 bn in treasury bills
The Finance Ministry announced an offering of treasury bills worth LE5.5 billion Sunday, in the government's newest move to abate…