A recent report issued by the world bank has expected Egypt’s budget deficit to stand at 8.8 percent of GDP by the end of the current fiscal year The improvement in the budget deficit was attributed by the bank to the reforms made in the energy subsidies system and the hike in tax revenues. In …
Finance Minister Amr El-Garhy is scheduled to meet on Thursday with leading investment fund leaders with total assets under management of $280bn discuss with them further opportunities, according to a press release. El-Garhy, who is in Washington, D.C, will attend annual meetings of the IMF and the World Bank and will discuss Egypt’s latest macroeconomic developments …
Sponsored by the Egyptian General Intelligence, the agreement sets a deadline for governmental control in the Gaza Strip
After 28 years of trouble, preparations, failures, grief, and tears, the Egyptian team won the World Cup finals to witness the participation of the Pharaohs for the first time since the World Cup in 1990. Since then, the Pharaohs failed to reach the World Cup six times: 1994, 1998, 2002, 2006, 2010, and 2014. Over …
Arab clash expected in the draw of the World Cup
Emad El-Din visited the city of Al-Qosier on Tuesday, to follow up efforts to combat virus of dengue fever
Railway employees and drivers face manslaughter accusations over the deaths of 41 and the injury of more than 100
Egyptian President Abdel-Fattah Al-Sisi issued on Tuesday a decree to form the board of the NEC
The political party Future of Nation have officially adopted a campaign supporting the rerunning of President Abdel Fattah Al-Sisi for another presidential term. The campaign named Alshan Tebneha (For you to build it), has announced that it already has headquarters in 13 governorates. The campaign has a petition to be signed by potential member or …
Ongoing monetary and fiscal reforms have put the economy on the right track
Contract sales reached EGP 3.64bn YTD
The head of the floating hotel division of the Egyptian Chamber of Hotels, Maha Sharaf, spoke to Daily News Egypt on the government’s decision to liberate the exchange rate in early November and its effect on the operating costs of floating hotels. Sharaf said that the increase of floating hotels’ operating costs necessitate that the …
