People’s Assembly Economic Affairs Committee

Parliament does not intend to reject government’s new budget
Business

Parliament does not intend to reject government’s new budget

People's Assembly committees intensified their meetings Tuesday to discuss the new state budget announced by Finance Minister Momtaz al-Saeed. Abdel…
Finance Ministry asks for loan from Arab Monetary Fund
Egypt

Finance Ministry asks for loan from Arab Monetary Fund

The Finance Ministry has asked the People’s Assembly Economic Affairs Committee at the People's Assembly (PA) to approve a LE250…
IMF halts loan negotiations over political discord, finance minister says
Egypt

IMF halts loan negotiations over political discord, finance minister says

The procedures for securing a US$3.2 billion loan from the International Monetary Fund will stop due to concerns of fund…
Parliament committee stipulates Ganzouri cabinet would not use full IMF loan
Business

Parliament committee stipulates Ganzouri cabinet would not use full IMF loan

The People's Assembly Economic Affairs Committee linked its final approval of the IMF loan to assurances that the cabinet of…
Egypt’s GDP grew by annual 0.4 pct in Q4
Business

Egypt’s GDP grew by annual 0.4 pct in Q4

Egypt’s economy grew by an annualized 0.4 percent in the fourth quarter of 2011, indicating the economy is on the…
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