budget deficit

Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…

President Mohamed Morsy and Turkish Prime Minister Recep Tayyip Erdogan signed a US$1 billion loan Sunday, half of the aid…

The drinking water and sanitation facilities minister will ask the Cabinet to increase consumer tap water prices, as part of…

  International Monetary Fund chief Christine Lagarde will visit Egypt next week in a show of IMF support for Egypt's…

Egypt's overall budget deficit will rise 12.5 percent to LE135 billion in the fiscal year that began on 1 July,…

Finance Minister Momtaz al-Saeed has said that the ministry has yet to prepare a draft state budget for next fiscal year (2012-2013),…

Arab countries are wasting tens of billions of dollars on subsidies for petrol and energy but dare not roll them…

Amid the commotion surrounding Egypt's presidential elections and the drafting of a new constitution, the Muslim Brotherhood has taken its…

Negotiations between the government and the International Monetary Fund over a US$3.2 billion loan were adversely affected by the position…

The International Monetary Fund said Thursday an IMF team had fruitful talks with authorities in Egypt this week that could…