fiscal year
Will Egypt postpone devaluation of pound until end of June?
Business
June 4, 2023
Will Egypt postpone devaluation of pound until end of June?
Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the…
Finance Minister: Committed to achieving goals of current fiscal year
Egypt
May 9, 2023
Finance Minister: Committed to achieving goals of current fiscal year
The Finance Ministry is committed to achieving all goals set for the current fiscal year, which ends in June, despite…
CBE announces Jan 1st official holiday for banks
Egypt
December 27, 2022
CBE announces Jan 1st official holiday for banks
The Central Bank of Egypt announced in a statement, on Tuesday, that Sunday January 1, 2023, is an official holiday,…
EGP 77.2 billion investments of education sector in 2022-2023
Egypt
December 15, 2022
EGP 77.2 billion investments of education sector in 2022-2023
Planning Minister Hala el Saeed said Thursday that the investments allocated for the educational sector are estimated at EGP 77.2…
PM reviews financial status report for current fiscal year’s budget
Egypt
November 22, 2022
PM reviews financial status report for current fiscal year’s budget
Prime Minister Mostafa Madbouly has underlined the need to continue adopting fiscal discipline measures in the public budget to improve…
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Business
October 29, 2022
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Forbes Middle East has reported that Egypt’s gross domestic product has grown by 6.6 percent during the 2021/2022 fiscal year.…
Net foreign reserves record $33.141 bln at end of August
Economy
September 8, 2022
Net foreign reserves record $33.141 bln at end of August
The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Egypt expects Suez Canal revenues to rise in 2022
Business
May 25, 2022
Egypt expects Suez Canal revenues to rise in 2022
Egyptian Finance Minister Mohamed Maait expected that Suez Canal revenues will reach US$7 billion by the end of the current…
Egypt’s economy is expected to grow by 5.6% in 2022
Business
November 23, 2021
Egypt’s economy is expected to grow by 5.6% in 2022
Egypt’s economy is expected to grow by 5.6 percent in the fiscal year 2021-2022, Minister of Planning Hala Al-Saeed said…
Remittances from Egyptian expatriates rise 8.5% in 9 months
Business
June 9, 2021
Remittances from Egyptian expatriates rise 8.5% in 9 months
Remittances from Egyptian expatriate workers from July to March of fiscal year 2020/2021 rose 8.5 percent, from US$1.8 billion to…