MICH board members purchase production requirements for EGP 2.1m
Company records 8% growth in net profit during FY 2014/2015
Latest in Tag: fiscal year Highlight
Latest in Tag: fiscal year
Egypt targets EGP 37.8bn in infrastructure investments
State budget will provide EGP 25.5bn in funds for public investments
Absence of parliament threatens transparency of state budget: Report
Except for the Muslim Brotherhood parliament, state passed all budgets since revolution, says PFT
EGP 3.9bn increase in food commodities in new budget
Actual food commodity spending in current fiscal year exceeds announced figure in budget by EGP 2.5bn
EGP 44bn tax revenue increase by end of April
Budget deficit increased to EGP 230.9bn from July 2014 to April 2015 representing 9.9% of the GDP
Suez Canal revenues reach $ 422.1m in April
Revenues marked an increase of $2m compared to March
Government target 4.2% growth rate for current fiscal year: Salman
Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister
CBEâs temporary âfinancialâ account is strategic reserve and will not be used to solve budget deficit
Agiba Petroleum Company to produce 63,000 barrels of crude oil daily through FY 2014/2015: Chairman
Egypt undergoing crisis providing fuel for local market while it also faces difficulty in paying dues to foreign companies in the petroleum sector
Budget under review, hearing to be held Wednesday: PM media adviser
Cabinet to hold weekly meeting Wednesday, Prime Minister to hear ministersâ proposals on budget development
Reducing energy subsidies is âgoodâ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Civil society organisations call for budget transparency
Finance ministry has failed to meet legal obligations in publishing budget drafts for the state, economic bodies and public sector, joint statement says
Ministry of Finance rates Egyptian banks
The ministry releases statement listing top five Egyptian banks that trade treasury bills and bonds
Real GDP records a growth rate of 2.3%
Finance ministry: deceleration of private consumption and investment spending during the period of study took toll on growth rate
Government records EGP 240bn budget deficit in last fiscal year
59% of increases for government expenditures are for subsidies and debt settlements
A solution for Egyptâs fuel crisis?
The recurring petrol and diesel crises have left Egyptâs streets paralysed and the people angry. Despite the continuity of the diesel crisis throughout the past months, the petrol crisis is primarily affecting Egyptians from middle and upper classes, a phenomenon unprecedented on the current scale. The government has promised the crisis will end once the new smartcard system is in effect. The Daily News Egypt reviews the new system and asks people about the systemâs feasibility and convenience to their needs.
Budget deficit reaches EGP 197.5bn
Current deficit now amounts to 9.5% of GDP
CBE reports EGP 11.3billion balance of payment deficit
The Central Bank of Egypt (CBE) announced Monday that Egyptâs balance of payment totalled USD eight billion during the 2011/2012 fiscal year, compared to a surplus of $571.2 million in the previous fiscal year. The decline was attributed to reduced tourism profits and the current political atmosphere in Egypt and the region. CBE reported that …
Previous fiscal year characterised by rising GDP deficit
The Egypt Economic Performance Report for July-May of the fiscal year 2011-2012 revealed a continued rise in the overall GDP deficit, valued at EGP 136.5 billion or 8.8% of GDP, compared to EGP 112.6 billion for the same period last year. The former has dropped by 2.9%, as opposed to the latter, which dropped by …