Parliament approves FY 2018/2019 budget
The Egyptian Parliament approved on Tuesday the fiscal year 2017/2018 general budget with a total expenditure of up to EGP 1.4tn and expected revenues of EGP 938bn. The budget deficit…
EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses
The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total. The losses were driven by random selling from foreign and…
Government allocates EGP 60bn to increase its employees’ pensions, salaries
Additional EGP 4bn approved to increase employee salaries after parliament’s request
Leaked economy and statistics exam is ‘fake’: Education Ministry official
The head of the Education Ministry’s department for high school examinations, Reda Hegazi, said on Tuesday that the economy and statistics exam that was circulated on social media pages early…
43.3% of carbon dioxide emissions from electricity sector in Egypt
The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the electricity sector represents the main source of carbon dioxide emissions from petroleum products consumption, accounting for 43.3% of…
Industry minister decrees amends to Industrial Registration Law’s executive regulations
Conditional industrial record guarantees seriousness of any industrial project, says minister
Total bank credit facilities increase by EGP 60.5bn in 7 months
Private business sector accounts for 61.3% of total facilities, notably industrial field, says CBE
Sico exports first Egyptian-made mobile shipment to UAE
Egyptian Silicon Industries Company (Sico), Egypt's first mobile phone manufacturer, today released its first mobile phone shipment from its new plant in Assiut Technology Park en route to the United…
Finance Ministry excludes economic stimulus plans from public expenditure control guidelines
The Ministry of Finance said in a statement on Tuesday that it has issued executive instructions to exclude the accounts of the emergency economic stimulus plan for the current fiscal…
For first time, Egypt achieves investment rate over 46%: Al-Saeed
Investment rate in planning across different governorates is 80%, says minister of planning